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MARKHAM, ON , Dec. 12, 2024 /CNW/ - Enghouse Systems Limited ENGH announces its fourth quarter (unaudited) and audited year-end financial results for the period ended October 31, 2024 . All figures are denominated in Canadian dollars unless otherwise indicated. Fourth Quarter and Annual Financial Highlights: Revenue increased 2.1% to $125 .7 million from $123 .1 million in the fourth quarter last year and 10.7% for the fiscal year to $502 .5 million from $454 .0 million last year; Recurring revenue, which includes SaaS and maintenance services, grew 1.1% to $88.2 million compared to $87.2 million in Q4 2023, and represents 70.2% of total revenue. For the fiscal year, recurring revenue increased to $346.6 million from $297.6 million in the prior year, an increase of 16.4%, as we continue to see increased demand for SaaS; Results from operating activities decreased to $33 .4 million compared to $35 .7 million in Q4 2023 and increased in the fiscal year to $133 .8 million, from $122 .1 million in the prior year; Net income was $22.6 million compared to $25.1 million in Q4 2023 and $81 .3 million in the fiscal year compared to $72 .2 million last year as we continue to grow our business with a focus on profitability; Adjusted EBITDA decreased to $35 .6 million compared to $37.9 million , while achieving a 28.3% margin for the quarter. Annual adjusted EBITDA was $143.8 million compared to $133 .8 million in the prior year, an increase of 7.5%; Cash flow from operating activities, excluding changes in working capital, was $40 .3 million compared to $43 .5 million in the prior year's fourth quarter and $151 .8 million for the fiscal year compared to $140 .5 million in the prior year. Cash and cash equivalents increased to record levels of $274.2 million as at October 31, 2024 . Fiscal 2024 yielded a third year of consecutive revenue growth following the COVID period, which saw an unprecedented spike in demand for our Vidyo applications. We achieved a significant milestone, with revenue for the fiscal year exceeding $500 million , representing double digit growth of 10.7%. During the year we deployed cash of $43.4 million on acquisitions and returned $53.1 million to our shareholders through dividends. At the same time, we increased our cash reserves to $274.2 million , with no external debt, which positions the Company well for further acquisition growth. We are also pleased to announce record annual SaaS and maintenance services revenue of $346.6 million , an increase of $49 .0 million or 16.4% compared to the prior year. SaaS and maintenance services continue to be an important source of revenue characterized by their predictable and recurring nature. They now represent 69.0% of total revenues for the year compared to 65.6% in the prior year. In addition to the SaaS and maintenance growth, our professional services and hardware revenue showed marked increases for the year. In the current business environment, demand for on-premise, perpetual software licenses has declined as more customers are choosing SaaS solutions that require less upfront capital investment. During this market transition, we continue to focus on maintaining profitability as demonstrated by the 12.6% increase in our net income to $81.3 million from $72.2 million in the prior year. We closed the year with a double digit increase in revenue and net income, significant expansion of our recurring revenue, record cash reserves and no external debt, positioning us to pursue opportunities that meet our acquisition criteria while continuing to pay dividends to our shareholders. The growth in revenue was achieved through our ability to acquire and effectively integrate new acquisitions into our business model. Quarterly dividends: Today, the Board of Directors approved the Company's eligible quarterly dividend of $0.26 per common share payable on February 28, 2025 to shareholders of record at the close of business on February 14, 2025 . Enghouse Systems Limited Financial Highlights (unaudited, in thousands of Canadian dollars) For the period ended October 31 Three months (Unaudited) Twelve months 2024 2023 Var ($) Var (%) 2024 2023 Var ($) Var (%) Revenue $ 125,702 $ 123,129 2,573 2.1 $ 502,505 $ 454,022 48,483 10.7 Direct costs 44,967 41,213 3,754 9.1 175,586 149,999 25,587 17.1 Revenue, net of direct costs $ 80,735 $ 81,916 (1,181) (1.4) $ 326,919 $ 304,023 22,896 7.5 As a % of revenue 64.2 % 66.5 % 65.1 % 67.0 % Operating expenses 47,133 46,115 1,018 2.2 191,464 179,438 12,026 6.7 Special charges 169 117 52 44.4 1,609 2,477 (868) (35.0) Results from operating activities $ 33,433 $ 35,684 (2,251) (6.3) $ 133,846 $ 122,108 11,738 9.6 As a % of revenue 26.6 % 29.0 % 26.6 % 26.9 % Amortization of acquired software and customer relationships (9,322) (11,205) 1,883 16.8 (40,505) (39,605) (900) (2.3) Foreign exchange gains (losses) 1,870 2,753 (883) 32.1 (1,680) 1,266 (2,946) (232.7) Interest expense – lease obligations (126) (164) 38 23.2 (556) (695) 139 20.0 Finance income 2,825 2,581 244 9.5 10,121 6,264 3,857 61.6 Finance expenses (8) (27) 19 70.4 (49) (163) 114 69.9 Other (expense) income (424) 17 (441) (2594.1) 89 (1,950) 2,039 104.6 Income before income taxes $ 28,248 $ 29,639 (1,391) (4.7) $ 101,266 $ 87,225 14,041 16.1 Provision for income taxes 5,607 4,517 1,090 24.1 19,938 14,977 4,961 33.1 Net Income for the period $ 22,641 $ 25,122 (2,481) (9.9) $ 81,328 $ 72,248 9,080 12.6 Basic earnings per share 0.41 0.45 (0.04) (8.9) 1.47 1.31 0.16 12.2 Diluted earnings per share 0.41 0.45 (0.04) (8.9) 1.47 1.31 0.16 12.2 Cash flows from operating activities 31,583 28,318 3,265 11.5 132,071 115,298 16,773 14.5 Cash flows from operating activities excluding changes in working capital 40,270 43,504 (3,234) (7.4) 151,803 140,492 11,311 8.1 Adjusted EBITDA Results from operating activities 33,433 35,684 (2,251) (6.3) 133,846 122,108 11,738 9.6 Depreciation 655 627 28 4.5 2,347 2,451 (104) (4.2) Depreciation of right-of-use assets 1,375 1,491 (116) (7.8) 5,981 6,764 (783) (11.6) Special charges 169 117 52 44.4 1,609 2,477 (868) (35.0) Adjusted EBITDA $ 35,632 $ 37,919 (2,287) (6.0) $ 143,783 $ 133,800 9,983 7.5 Adjusted EBITDA margin 28.3 % 30.8 % 28.6 % 29.5 % Adjusted EBITDA per diluted share $ 0.64 $ 0.69 ( 0.05) (7.2) $ 2.60 $ 2.42 0.18 7.4 Consolidated Statements of Financial Position (in thousands of Canadian dollars) As at October 31, 2024 As at October 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 274,240 $ 239,532 Short-term investments 487 827 Accounts receivable 92,348 93,383 Prepaid expenses and other assets 16,100 15,515 Income taxes recoverable - 114 383,175 349,371 Non-current assets: Property and equipment 4,192 3,273 Right-of-use assets 11,473 12,242 Intangible assets 98,594 109,659 Goodwill 309,831 280,241 Deferred income tax assets 26,228 28,884 450,318 434,299 $ 833,493 $ 783,670 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable and accrued liabilities $ 70,087 $ 67,769 Income tax payable 5,525 - Dividends payable 14,397 12,156 Provisions 1,834 2,238 Deferred revenue 114,080 109,019 Lease obligations 5,344 6,322 211,267 197,504 Non-current liabilities: Income taxes payable - 1,333 Deferred income tax liabilities 10,500 13,340 Deferred revenue 8,094 8,170 Net employee defined benefit obligation 2,081 1,912 Lease obligations 5,744 6,080 26,419 30,835 237,686 228,339 Shareholders' equity Share capital 118,217 107,701 Contributed surplus 9,764 10,404 Retained earnings 446,748 426,397 Accumulated other comprehensive income 21,078 10,829 595,807 555,331 $ 833,493 $ 783,670 Consolidated Statement of Operations and Comprehensive Income ( in thousands of Canadian dollars , except per share amounts) Three months Twelve months Periods ended October 31 2024 (unaudited) 2023 (Unaudited) 2024 2023 Revenue Software licenses $ 15,860 $ 17,467 $ 72,906 $ 80,054 SaaS and maintenance services 88,196 87,196 346,579 297,635 Professional services 18,469 16,483 70,046 67,273 Hardware 3,177 1,983 12,974 9,060 125,702 123,129 502,505 454,022 Direct costs Software licenses 397 622 3,501 2,910 Services 43,043 39,108 165,221 141,802 Hardware 1,527 1,483 6,864 5,287 44,967 41,213 175,586 149,999 Revenue, net of direct costs 80,735 81,916 326,919 304,023 Operating expenses Selling, general and administrative 22,642 23,702 94,303 90,889 Research and development 22,461 20,295 88,833 79,334 Depreciation 655 627 2,347 2,451 Depreciation of right-of-use assets 1,375 1,491 5,981 6,764 Special charges 169 117 1,609 2,477 47,302 46,232 193,073 181,915 Results from operating activities 33,433 35,684 133,846 122,108 Amortization of acquired software and customer relationships (9,322) (11,205) (40,505) (39,605) Foreign exchange gains (losses) 1,870 2,753 (1,680) 1,266 Interest expense – lease obligations (126) (164) (556) (695) Finance income 2,825 2,581 10,121 6,264 Finance expenses (8) (27) (49) (163) Other (expense) income (424) 17 89 (1,950) Income before income taxes 28,248 29,639 101,266 87,225 Provision for income taxes 5,607 4,517 19,938 14,977 Net income for the period $ 22,641 $ 25,122 $ 81,328 $ 72,248 Items that may be subsequently reclassified to income: Cumulative translation adjustment 2,882 12,394 10,249 19,800 Other comprehensive income 2,882 12,394 10,249 19,800 Comprehensive income $ 25,523 $ 37,516 $ 91,577 $ 92,048 Earnings per share Basic $ 0.41 $ 0.45 $ 1.47 $ 1.31 Diluted $ 0.41 $ 0.45 $ 1.47 $ 1.31 Consolidated Statements of Cash Flows ( in thousands of Canadian dollars ) Three months Twelve months Periods ended October 31 2024 (Unaudited) 2023 (Unaudited) 2024 2023 OPERATING ACTIVITIES Net income for the period $ 22,641 $ 25,122 $ 81,328 $ 72,248 Adjustments for non-cash items Depreciation 655 627 2,347 2,451 Depreciation of right-of-use assets 1,375 1,491 5,981 6,764 Interest expense – lease obligations 126 164 556 695 Amortization of acquired software and customer relationships 9,322 11,205 40,505 39,605 Stock-based compensation expense 112 368 1,188 1,639 Provision for income taxes 5,607 4,517 19,938 14,977 Finance expenses and other (income) expense 432 10 (40) 2,113 40,270 43,504 151,803 140,492 Changes in non-cash operating working capital (7,674) (11,624) (7,920) (11,244) Income taxes paid (1,013) (3,562) (11,812) (13,950) Net cash provided by operating activities 31,583 28,318 132,071 115,298 INVESTING ACTIVITIES Purchase of property and equipment, net (516) (453) (1,977) (1,060) Acquisitions, net of cash acquired* - (27,189) (43,448) (55,167) Recovery (payment) of purchase consideration for prior-year acquisitions - 13 171 (999) Sale (purchase) of short-term investments - 65 - (4) Net cash used in investing activities ( 516) (27,564) (45,254) (57,230) FINANCING ACTIVITIES Issuance of share capital 2,990 - 9,085 604 Normal course issuer bid share repurchases (3,088) (425) (5,994) (425) Repayment of lease obligations (1,283) (1,440) (7,030) (7,194) Dividends paid (14,397) (12,159) (53,139) (44,765) Net cash used in financing activities (15,778) (14,024) (57,078) (51,780) Impact of foreign exchange on cash and cash equivalents 1,238 4,018 4,969 8,140 Increase (decrease) in cash and cash equivalents 16,527 (9,252) 34,708 14,428 Cash and cash equivalents - beginning of period 257,713 248,784 239,532 225,104 Cash and cash equivalents - end of period $ 274,240 $ 239,532 $ 274,240 $ 239,532 * Acquisitions are net of cash acquired of nil and $742 for the quarter and year ended October 31, 2024 , respectively and nil and $2,088 for the quarter and year ended October 31, 2023 , respectively. Enghouse Systems Limited Segment Reporting Information (in thousands of Canadian dollars) For the period ended October 31, 2024 Three months Twelve months IMG AMG Total IMG AMG Total Revenue $ 74,731 $ 50,971 $ 125,702 $ 308,920 $ 193,585 $ 502,505 Direct costs (25,900) (19,067) (44,967) (102,390) (73,196) (175,586) Revenue, net of direct costs 48,831 31,904 80,735 206,530 120,389 326,919 Operating expenses excluding special charges (21,235) (13,071) (34,306) (90,871) (47,238) (138,109) Depreciation (416) (239) (655) (1,574) (773) (2,347) Depreciation of right-of-use assets (940) (435) (1,375) (3,870) (2,111) (5,981) Segment profit $ 26,240 $ 18,159 $ 44,399 $ 110,215 $ 70,267 $ 180,482 Special charges (169) (1,609) Corporate and shared service expenses (10,797) (45,027) Results from operating activities $ 33,433 $ 133,846 For the period ended October 31, 2023 Three months Twelve months IMG AMG Total IMG AMG Total Revenue $ 78,578 $ 44,551 $ 123,129 $ 265,311 $ 188,711 $ 454,022 Direct costs (24,337) (16,876) (41,213) (78,788) (71,211) (149,999) Revenue, net of direct costs 54,241 27,675 81,916 186,523 117,500 304,023 Operating expenses excluding special charges (21,807) (10,450) (32,257) (84,493) (45,169) (129,662) Depreciation (485) (142) (627) (1,969) (482) (2,451) Depreciation of right-of-use assets (904) (587) (1,491) (4,184) (2,580) (6,764) Segment profit $ 31,045 $ 16,496 $ 47,541 $ 95,877 $ 69,269 $ 165,146 Special charges (117) (2,477) Corporate and shared service expenses (11,740) (40,561) Results from operating activities $ 35,684 $ 122,108 About - Enghouse Enghouse Systems Limited is a Canadian publicly traded company ENGH that provides mission-critical vertically focused enterprise software solutions. Our core technologies are used for contact centers, video communications, virtual healthcare, education, telecommunications, networks, IPTV, public safety and transit. The Company's two-pronged strategy to grow earnings focuses on both organic growth and acquisitions, which, to date, have been funded through cash flows from operating activities as the Company has no outstanding external debt financing. The Company is organized around two business segments, the Interactive Management Group ("IMG") and the Asset Management Group ("AMG") due to their unique customer segments and technology offerings. Further information about Enghouse may be obtained from the Company's website at www.enghouse.com . Conference Call and Webcast A conference call to discuss the results will be held on Friday, December 13, 2024 at 8:45 a.m. EST . To participate, please call +1-289-514-5100 or North American Toll-Free +1-800-717-1738. Confirmation code: 59402 A webcast is also available at: https://www.enghouse.com/investors.php . The Company uses non-IFRS measures to assess its operating performance. Securities regulations require that companies caution readers that earnings and other measures adjusted to a basis other than IFRS do not have standardized meanings and are unlikely to be comparable to similar measures used by other companies. Accordingly, they should not be considered in isolation. The Company uses Adjusted EBITDA, Adjusted EBITDA margin and Adjusted EBITDA per diluted share as measures of operating performance. Therefore, these collective Adjusted EBITDA measures may not be comparable to similar measures presented by other issuers. Adjusted EBITDA is calculated based on results from operating activities adjusted for depreciation of property and equipment and right-of-use assets and special charges for acquisition related restructuring costs. Management uses Adjusted EBITDA to evaluate operating performance as it excludes amortization of software and intangibles (which is an accounting allocation of the cost of software and intangible assets arising on acquisition), any impact of finance and tax related activities, asset depreciation, foreign exchange gains and losses, other income and restructuring costs primarily related to acquisitions. SOURCE Enghouse Systems Limited View original content: http://www.newswire.ca/en/releases/archive/December2024/12/c8792.html © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Dutch startup's new battery material could wean Europe off Chinese graphite
The gaming world is buzzing with speculation: Is AMD’s new Ryzen series about to redefine the industry’s future? As the latest iteration in their processor line, Ryzen strengthens its foothold in the gaming arena driven by cutting-edge technology. Dynamic Performance at Its Core : AMD’s next-generation Ryzen processors claim to deliver unprecedented performance, thanks to their refined architecture and enhanced core management. The adoption of multi-threading capabilities ensures seamless multitasking, while the leap in clock speed marks an evolution gamers have eagerly anticipated. This improvement not only caters to current gaming demands but also sets a foundation for future titles boasting higher graphical fidelity. Eco-Conscious Power Delivery : Beyond sheer performance, AMD’s new Ryzen series emphasizes energy efficiency, a rising concern in today’s technology landscape. The processors reportedly operate on reduced power consumption without compromising performance levels. As gaming setups become more power-intensive, this advancement presents Ryzen as a forward-thinking choice, potentially reducing ecological impact and even cutting down on electricity bills. The Advent of AI-Enhanced Gaming : In a groundbreaking move, the latest Ryzen processors are poised to integrate AI capabilities. This addition heralds a new era where smarter, AI-enhanced games could alter player experiences. AI-driven optimizations could also pave the way for personalized game tweaking, aligning Ryzen with emerging trends in interactive entertainment. As technology progresses, AMD’s Ryzen might just be the catalyst that propels gamers into the future. The question remains, how will it change the gameplay—and gaming industry—as we know it? The Future of Gaming: AMD Ryzen Series Set to Revolutionize In the evolving landscape of gaming technology, AMD’s newest Ryzen processors are generating excitement with promises of groundbreaking innovations. While the potential for enhanced performance and efficiency is thrilling, there are more subtle aspects of these processors that could have a significant impact on the gaming industry. Pros and Cons As with any new technology, the Ryzen series boasts both advantages and potential drawbacks. On the positive side, its advanced architecture and eco-conscious power management are substantial wins for gamers seeking high performance without excessive power usage. However, the integration of AI capabilities may come with a learning curve for developers and could increase the upfront cost of the hardware. AI Integration and Its Implications A standout feature of the new Ryzen series is the AI-enhanced gameplay potential. With AI capabilities integrated into the processor’s architecture, developers are equipped to design smarter, more adaptive gaming environments. This could mean more responsive non-playable characters (NPCs) and an overall more immersive gaming universe, aligning with the trend towards more personalized gaming experiences. Market Analysis and Pricing Trends The release of AMD’s new Ryzen series is likely to shake up the market. Early price analyses suggest that while the initial cost may be higher than previous models, the long-term savings from energy efficiency and the potential longevity of these processors could justify the expense. These processors are positioned to aggressively compete with other high-end options, potentially shifting market dynamics and price expectations. Sustainability: A Growing Priority In an age where sustainability and environmental impact are paramount, AMD’s focus on energy efficiency could influence consumer purchasing decisions. The reduced power consumption aligns with global trends toward more eco-friendly technology, appealing to environmentally conscious gamers and potentially setting a new standard in processor design. Predictions and Future Innovations Looking ahead, industry experts predict that if AMD continues on its current path, the Ryzen series will set new benchmarks for processor performance and efficiency. Speculation also suggests further integration of AI and potentially even more advanced energy-saving technologies in future models, a testament to AMD’s commitment to innovation. Security Aspects Security remains a cornerstone of AMD’s technological advancements. The new Ryzen series is expected to incorporate enhanced security features, safeguarding users against emerging threats. This focus on security is crucial in an era where cyber threats are continually evolving. For more information about AMD and their latest offerings, visit their official website . Embrace the future of gaming with AMD’s cutting-edge technology.
The AP Top 25 college football poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here . TULSA, Okla. (AP) — Tulsa fired football coach Kevin Wilson on Sunday and will elevate wide receivers coach Ryan Switzer on an interim basis for the remainder of the season. The Golden Hurricane lost to South Florida 63-30 on Saturday, dropping their record to 3-8. The school’s decision concludes Wilson’s two-year tenure with a 7-16 record, including 3-12 in American Athletic Conference play. “With the rapidly evolving landscape of college athletics, we know the importance of positioning our football program and athletic department to thrive and excel in the upcoming years,” athletic director Justin Moore said in a statement. “Our standard will be to play in bowl games every season, compete for conference titles, and build a program that everyone connected to the Golden Hurricane will be proud of.” Wilson spent six years as Indiana’s head coach, going 26-47 from 2011 to 2016. He then joined Urban Meyer’s staff at Ohio State and stayed on under Meyer’s successor, Ryan Day, before taking over at Tulsa. ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-footballFrom VOA Persian: Six political prisoners sentenced to death for 'rebellion' based on 'judge's knowledge'
Mumbai: The police have arrested 54 people in connection with the violence in Parbhani on Wednesday during a bandh called to protest the vandalism of a replica of the Constitution near a statue of Dalit icon Dr BR Ambedkar. A day after protesters set vehicles ablaze and pelted stones at shops, leading to prohibitory orders being imposed, the authorities succeeded in restoring peace on Thursday. But it wasn’t long before political parties started trading barbs over the incident. While the Shiv Sena (Uddhav Balasaheb Thackeray) accused the police of detaining innocent youths and demanded compensation for the people who suffered losses due to the violence, chief minister Devendra Fadnavis called the violence unnecessary and urged people to maintain peace. The unrest began Tuesday evening when Sopan Pawar, a resident of Murtizapur village, allegedly vandalised a glass-encased replica of the Constitution kept at the base of Ambedkar’s statue near the district collector’s office. While local activists apprehended Pawar and handed him over to the police, a large group of protesters torched vehicles and pelted stones at shops during a bandh called by Ambedkarite activists in the city. Around 250 police personnel have been deployed in several parts of Parbhani city to maintain law and order. Although life returned to normalcy on Thursday with the opening of shops, authorities suspended the state public transport bus services as a precaution. To avoid any damage to buses and to ensure passengers are safe, services to the neighbouring Jalna and Hingoli districts were suspended. Prohibitory orders banning gatherings of more than five people also continued in the city on Thursday. “We have arrested 54 people in connection with the violence on Wednesday, and eight cases have been filed,” said Yashwant Kale, acting superintendent of police. “After the police produced them before a court, they have been sent to judicial and police custody. With two companies of the state reserve police force, around 250 police personnel in total have been deployed in various parts of the city to maintain law and order,” he added. As the violence ended in Parbhani, politics over the incident started, with Shiv Sena (UBT) leaders slamming authorities for undertaking combing operations to arrest the people involved. With an eye on local body elections, Shiv Sena (UBT) leaders announced their support for the Ambedkarite activists. Leader of the opposition in the state legislative council, Ambadas Danve, reached Parbhani on Thursday afternoon and met delegations of residents and traders. He also visited the office of the Parbhani district magistrate Raghunath Gawade, where he expressed concern over the police’s combing operations and warned that the detention of innocent people could lead to more unrest. Danve also asked Gawade to asses the losses people suffered and give them compensation for it as soon as possible. “The violence in Parbhani is a result of the authorities’ negligence,” said Danve. “If the administration and the police had acted on time after the vandalism of the Constitution replica, the violence could have been avoided. Now, the police are taking strict action, but they should not detain innocent people in the combing operation. I have raised this point in the meeting with district collector Gawade.” When contacted, Gawade said the situation is under control and people are being detained only after looking at CCTV footage. “Leader of opposition Ambadas Danve met me and raised the issue of the combing operation by police. We have explained to him that the police are using CCTV footage to detain people involved in violence. Only after identifying and verifying the accused from CCTV footage, the police are taking action against them,” he said. State Congress president Nana Patole demanded the suspension of the Parbhani superintendent of police and stringent punishment for those behind the vandalism of the Constitution replica. “While Parbhani was burning, the chief minister and the two deputy CMs were busy distributing ministries. People who do not respect the Constitution are in power, which is leading to such incidents,” Patole said. While local activists had accused the police of trying to cover up the vandalism of the Constitution replica by declaring the accused, Pawar, as a mentally unstable person, chief minister Fadnavis rejected the claim. “I condemn the incident in Parbhani to vandalise the replica of the Constitution. It is clear that the accused person is mentally unstable, and the police took him into custody. So, the violence was unnecessary, and people should maintain peace,” Fadnavis told reporters.
Swiss National Bank decreased its holdings in shares of Frontier Communications Parent, Inc. ( NASDAQ:FYBR – Free Report ) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 363,900 shares of the company’s stock after selling 2,800 shares during the quarter. Swiss National Bank’s holdings in Frontier Communications Parent were worth $12,929,000 as of its most recent filing with the Securities and Exchange Commission. Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in Frontier Communications Parent during the 2nd quarter valued at about $37,000. Capital Performance Advisors LLP acquired a new stake in shares of Frontier Communications Parent during the third quarter worth approximately $50,000. Blue Trust Inc. grew its position in Frontier Communications Parent by 224,400.0% during the second quarter. Blue Trust Inc. now owns 2,245 shares of the company’s stock valued at $55,000 after purchasing an additional 2,244 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Frontier Communications Parent by 80.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company’s stock valued at $64,000 after buying an additional 811 shares during the period. Finally, Game Plan Financial Advisors LLC lifted its position in Frontier Communications Parent by 23.8% in the 2nd quarter. Game Plan Financial Advisors LLC now owns 2,600 shares of the company’s stock worth $68,000 after buying an additional 500 shares in the last quarter. Frontier Communications Parent Trading Up 0.2 % Shares of NASDAQ:FYBR opened at $34.87 on Friday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. The stock’s 50-day moving average is $35.37 and its 200-day moving average is $30.34. The company has a market cap of $8.68 billion, a P/E ratio of -46.49 and a beta of 1.10. Frontier Communications Parent, Inc. has a 52-week low of $20.42 and a 52-week high of $39.21. Insider Buying and Selling In related news, EVP John Harrobin sold 23,491 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $34.85, for a total value of $818,661.35. Following the completion of the sale, the executive vice president now owns 121,182 shares in the company, valued at approximately $4,223,192.70. This trade represents a 16.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . 1.40% of the stock is currently owned by insiders. Wall Street Analyst Weigh In A number of analysts recently issued reports on the company. Raymond James cut Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a research report on Monday, October 28th. Wells Fargo & Company reiterated an “equal weight” rating and set a $38.50 price target (up from $31.00) on shares of Frontier Communications Parent in a report on Friday, September 6th. Benchmark restated a “buy” rating and issued a $37.00 price objective on shares of Frontier Communications Parent in a report on Thursday, September 5th. Wolfe Research downgraded shares of Frontier Communications Parent from an “outperform” rating to a “peer perform” rating in a research report on Monday, September 30th. Finally, The Goldman Sachs Group increased their price target on shares of Frontier Communications Parent from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $35.31. View Our Latest Research Report on FYBR Frontier Communications Parent Company Profile ( Free Report ) Frontier Communications Parent, Inc, together with its subsidiaries, provides communication and technology services in the United States. It offers broadband, video, voice, and other value-added services. The company also provides data and Internet, including broadband networking services; data-based voice over internet protocol, unified communications, long-distance, and voice messaging services; video services under the Frontier TV brand; access services; hardware and network solutions; and packages of services. Featured Stories Want to see what other hedge funds are holding FYBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Frontier Communications Parent, Inc. ( NASDAQ:FYBR – Free Report ). 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Unilateral sanctions hinder climate action, Iran tells ICJThere is one more spot up for grabs in the MLS Cup Playoffs conference finals and it will be determined on Sunday, Nov. 24 when the LA Galaxy host Minnesota United FC at Dignity Health Sports Park in Carson, Calif. The match is scheduled to start at 6 p.m. EST and will be broadcast on FS1 and FOX Deportes . Fans looking to watch can do so through FuboTV , which offers a free trial and $30 off your first month, or DirecTV Stream , which also offers a free trial. SlingTV doesn’t offer a free trial but does have other promotional offers available. The LA Galaxy still hold the MLS record for most appearances and wins in the MLS Cup final, but they have not done either since 2014. The Galaxy are the best team left in the postseason and will host any remaining matches the club has. Minnesota has been a team for a shorter period than the Galaxy’s MLS Cup final drought has gone on, and the club is looking to reach its first. In two matches with LA, Minnesota has earned a draw and suffered a 2-1 loss. The winner faces the Seattle Sounders in the Western Conference final. Who: LA Galaxy vs. Minnesota United FC When: Sunday, Nov. 24 at 6 p.m. EST Where: Dignity Health Sports Park in Carson, Calif. Stream: FuboTV (free trial) ; DirecTV Stream (free trial) ; Sling Betting: Check out our MA sports betting guide , where you can learn basic terminology, definitions and how to read odds for those interested in learning how to bet in Massachusetts. What is FuboTV? FuboTV is an internet television service that offers more than 200 channels across sports and entertainment including Paramount+ with SHOWTIME . From the UEFA Champions League to the WNBA to international tournaments ranging across sports, there’s plenty of options available on FuboTV, which offers a free trial, and $30 off the first month for new costumers. What is DirecTV Stream? DirecTV Stream offers practically everything DirecTV provides, except for a remote and a streaming device to connect to your television. Sign up now and get three free months of premium channels including MAX , Paramount+ with SHOWTIME and Starz. What is SlingTV? SlingTV offers a variety of live programing ranging from news and sports and starting as low as $20 a month for your first month. Subscribers also get a month of DVR Plus free if they sign up now. Choose from a variety of sports packages without long-term contracts and with easy cancelation. More College Football RELATED CONTENT: Lionel Messi’s former teammate Javier Mascherano close to becoming Inter Miami coach, AP source says By TIM REYNOLDS AP Sports Writer Lionel Messi is on the cusp of reuniting with former Argentina national teammate Javier Mascherano with Inter Miami, this time as player and coach, a person with knowledge of the negotiations told The Associated Press on Friday. Multiple reports out of Argentina said Mascherano has already agreed to take over as coach at Inter Miami as the replacement for Gerardo “Tata” Martino — who stepped down citing personal reasons. Mascherano emerged as Inter Miami’s frontrunner earlier this week, said the person, who spoke on condition of anonymity because no decision has been revealed by the team. Inter Miami co-owner Jorge Mas said the team had three finalists in mind for the job, then made a pick on the replacement Wednesday — but would not confirm that the deal with Mascherano is done, or that he even was the final selection. “We are very near the end of the process,” Mas said. “We will be announcing a new coach for Inter Miami in the upcoming days.” Messi and Mascherano were teammates both for Argentina and with Barcelona; for the Spanish club, Mascherano also played alongside current Inter Miami standouts Jordi Alba, Sergio Busquets and Luis Suarez. Mascherano, at one time, was the all-time leader for Argentina’s national team in international appearances; Messi has since broken that record. Mas said he spoke with Messi last week about the coaching search. It’s not known if Messi played an active role in recruiting Mascherano, who currently is Argentina’s U-20 national coach. “I asked him, ‘What is important to you? And what do you think is important to get the best out of our roster and out of our 11 and how do we improve?” Mas said. “And Leo shared with me his thoughts. ... Without a doubt, a familiarity with Leo and the other stars is an advantage in every aspect. Obviously, I want Leo to feel comfortable with the new trainer, with the new coach coming in.” Martino guided Inter Miami to the best regular season record in Major League Soccer history this season. He was hired in July 2023, right around the time that Messi debuted for the club and insisted Friday that he needs to leave for personal reasons. Inter Miami — which won the 2023 Leagues Cup and MLS Supporters Shield this season under Martino — was eliminated in the first round of this year’s MLS Cup playoffs. The team’s 2025 season starts with training camp in January. Martino also had deep ties to Messi before coming to Inter Miami; he coached the world’s most decorated men’s player and eight-time Ballon d’Or winner with Barcelona and Argentina’s national team before reuniting with him in South Florida. Martino said Friday he decided just before the start of the playoffs that he would not be back with Inter Miami next season. “Needless to say, we’ve enjoyed it a lot and I’m grateful for the opportunity, on behalf of my entire coaching staff, to have been able to work at this club,” Martino said Friday in his farewell news conference. “The truth is that it’s been very captivating being part of the change during this year and a half.” Inter Miami was 26-9-12 in MLS regular season matches in the Martino era. The 40-year-old Mascherano also played for five seasons in the Premier League, most of that with Liverpool. He played in the World Cup four times for Argentina — 2006, 2010, 2014 and 2018. The new coach — Mascherano or anyone else — will have a very busy first year. Inter Miami has a preseason tour planned in 2025, plus a 34-match MLS regular season and will play in Leagues Cup, the CONCACAF Champions Cup and the FIFA Club World Cup. “This is an extremely attractive position for a coach,” Mas said. Messi — MLS' highest-paid player, someone who had a 2 1/2-year deal worth an estimated $150 million in total when he joined Inter Miami — is going into his final guaranteed season with the club. He has an option for 2026, the year that Inter Miami plans to finally move into its Freedom Park complex currently being built near Miami International Airport. “Leo and I will sit and we’ll discuss the future,” Mas said. “As I’ve said before, and I will repeat it now, I fully expect that the opening of our new stadium in 2026 in Miami — and the opening of our ’26 season, hopefully after a trophy-laden 2025 season — that Lionel Messi will be our No. 10.” The Associated Press contributed to this article.The Post and Courier recently reported that we are nearing the point where half of our state’s residents will have been born elsewhere . I am a third-generation Charlestonian. I was born here, my parents left when I was very young, and I grew up in New Jersey but returned every summer with my family to visit my mother’s side of the family. I still have a New Jersey accent. It's something that will probably never leave me, just as my mother’s Southern accent never left her even though we lived in New Jersey for decades. I have yet to use the expression “y’all” and doubt I ever will. There is another expression that was not commonplace in the Northeast: "transplant." I did not hear that term in reference to people until I moved back to Charleston to be with my parents. We also never asked someone “Were you born here?" or “Where are you from?” That's not because we had no interest in people's rich cultural heritage or ancestry but because we just accepted that New Jersey was now our home. More than this, we were fellow Americans living in our country. Even if someone was visiting or working toward obtaining citizenship, they were given the same respect and acceptance. Fast forward to moving back to Charleston. We all see and hear jokes about folks from other states, especially Ohio, which seems to take the brunt of such jokes. Folks still call Northerners “Yankees” — and not lovingly. They often are blamed for everything that has gone wrong including unbridled development. I am Greek American. All my grandparents were Greek. Three grandparents came to the United States via Ellis Island in the late 1920s from the Greek island of Ithaka. One set of grandparents settled in New York, and my grandfather George Manos settled in Charleston. Whatever happened to “This land is your land, this land is my land. From California to the New York island"? Those words from the Woody Guthrie song, “This Land is Your Land,” were what we learned and sang together at our elementary schools, along with “America the Beautiful.” My father, a gifted singer who sang at Carnegie Hall in a boys’ choir, would sing all the old folk songs — songs that evoked a sense of pride, love and honor for our country. He was also a military veteran, as were his brothers and my great uncles. Almost 75 years after his service, I overheard a member at a local veterans organization say unconscionable, unhospitable and disparaging remarks to his friends in reference to my ethnic heritage and my presence. It was deeply disturbing and hurtful given that my father, Peter, memory eternal, was a past post commander of a VFW. My mother graduated from Ashley Hall, which she absolutely adored. Her parents and her schooling instilled in her brotherly love, respect and acceptance for all people. Religious, political and social tolerance should be seeds planted in the heart of every child. We all have a story and a history. We all matter. Instead of being suspicious, judgmental or territorial toward others, and critical about each other’s differences, let us celebrate each other — and a beautiful opportunity to expand our understanding not only of our city, state and nation but also of our world. Jackie Morfesis of Charleston is a writer, speaker and community advocate.
After a tough loss on the road their last time out, Air Force looks much better today on their home court. They have jumped out to a quick 31-24 lead against Mercyhurst. Air Force entered the match with three straight defeats and they're well on their way to making it four. Can they turn things around, or will Mercyhurst hand them another loss? Only time will tell. Mercyhurst Lakers @ Air Force Falcons Current Records: Mercyhurst 4-2, Air Force 1-4 When: Sunday, November 24, 2024 at 4 p.m. ET Where: Clune Arena -- Colorado Springs, Colorado Follow: CBS Sports App Online streaming: fuboTV (Try for free. Regional restrictions may apply.) Ticket Cost: $12.00 The Mercyhurst Lakers will face off against the Air Force Falcons at 4:00 p.m. ET on Sunday at Clune Arena. The Lakers will be strutting in after a victory while the Falcons will be stumbling in from a loss. Mercyhurst is headed in fresh off scoring the most points they have all season. They steamrolled past Mount Aloysius 98-45 on Tuesday. The matchup was pretty much decided by the half, when the score had already reached 54-23. Mercyhurst smashed the offensive glass and finished the game with 20 offensive rebounds. They easily outclassed their opponents in that department as Mount Aloysius only pulled down three. Meanwhile, Air Force's recent rough patch got a bit rougher on Thursday after their third straight defeat. They took a 78-69 hit to the loss column at the hands of California. Air Force's loss came about despite a quality game from Ethan Taylor, who went 9 for 13 en route to 23 points. Mercyhurst's win was their third straight at home, which pushed their record up to 4-2. As for Air Force, their defeat dropped their record down to 1-4. Mercyhurst is hoping to beat the odds on Sunday, as the experts think they're headed for a loss. Air Force is a big 9.5-point favorite against Mercyhurst, according to the latest college basketball odds . The oddsmakers had a good feel for the line for this one, as the game opened with the Falcons as a 10-point favorite. The over/under is 129 points. See college basketball picks for every single game, including this one, from SportsLine's advanced computer model. Get picks now .
The Parliamentary Budget Officer says the number of households in need is still rising even though Canada is spending billions of dollars a year to address housing affordability, A new report from the budget watchdog this morning says 2.4 million Canadian households are now in core housing need. That means they're living in unaffordable, unsuitable or inadequate housing. In 2017, Canada unveiled its national housing strategy to help improve access to affordable homes by 2027. But the PBO report says by then, another 200,000 households will be in housing need, largely because incomes haven't kept up with rising utility, rent, mortgage and property tax costs. The report does say without the government's initiatives, there would be about 78,000 more households in need of affordable homes. This report by The Canadian Press was first published Dec. 12, 2024. MORE POLITICS NEWS Elon Musk calls Justin Trudeau 'insufferable tool' in new social media post Ottawa has sold its stake in Air Canada: sources Housing unaffordability still rising despite billions in government measures: PBO 'I recognize these footsteps': How Trump and 'coyote' smuggling changed life at the border Law firm warns $47.8B First Nations child welfare reforms could be lost with election Only new firearms from buyback program will go to Ukraine, Defence Department says Trudeau will have to 'kiss the ring' to achieve smoother bilateral relations with Trump: John Bolton Missing 'lost Canadians' deadline creates 'unknowable' number of new citizens: feds IN DEPTH Jagmeet Singh pulls NDP out of deal with Trudeau Liberals, takes aim at Poilievre Conservatives NDP Leader Jagmeet Singh has pulled his party out of the supply-and-confidence agreement that had been helping keep Prime Minister Justin Trudeau's minority Liberals in power. 'Not the result we wanted': Trudeau responds after surprise Conservative byelection win in Liberal stronghold Conservative candidate Don Stewart winning the closely-watched Toronto-St. Paul's federal byelection, and delivering a stunning upset to Justin Trudeau's candidate Leslie Church in the long-time Liberal riding, has sent political shockwaves through both parties. 'We will go with the majority': Liberals slammed by opposition over proposal to delay next election The federal Liberal government learned Friday it might have to retreat on a proposal within its electoral reform legislation to delay the next vote by one week, after all opposition parties came out to say they can't support it. Budget 2024 prioritizes housing while taxing highest earners, deficit projected at $39.8B In an effort to level the playing field for young people, in the 2024 federal budget, the government is targeting Canada's highest earners with new taxes in order to help offset billions in new spending to enhance the country's housing supply and social supports. 'One of the greatest': Former prime minister Brian Mulroney commemorated at state funeral Prominent Canadians, political leaders, and family members remembered former prime minister and Progressive Conservative titan Brian Mulroney as an ambitious and compassionate nation-builder at his state funeral on Saturday. Opinion opinion | Don Martin: Gusher of Liberal spending won't put out the fire in this dumpster A Hail Mary rehash of the greatest hits from the Trudeau government’s three-week travelling pony-show, the 2024 federal budget takes aim at reversing the party’s popularity plunge in the under-40 set, writes political columnist Don Martin. But will it work before the next election? opinion | Don Martin: The doctor Trudeau dumped has a prescription for better health care Political columnist Don Martin sat down with former federal health minister Jane Philpott, who's on a crusade to help fix Canada's broken health care system, and who declined to take any shots at the prime minister who dumped her from caucus. opinion | Don Martin: Trudeau's seeking shelter from the housing storm he helped create While Justin Trudeau's recent housing announcements are generally drawing praise from experts, political columnist Don Martin argues there shouldn’t be any standing ovations for a prime minister who helped caused the problem in the first place. opinion | Don Martin: Poilievre has the field to himself as he races across the country to big crowds It came to pass on Thursday evening that the confidentially predictable failure of the Official Opposition non-confidence motion went down with 204 Liberal, BQ and NDP nays to 116 Conservative yeas. But forcing Canada into a federal election campaign was never the point. opinion | Don Martin: How a beer break may have doomed the carbon tax hike When the Liberal government chopped a planned beer excise tax hike to two per cent from 4.5 per cent and froze future increases until after the next election, says political columnist Don Martin, it almost guaranteed a similar carbon tax move in the offing. CTVNews.ca Top Stories Ottawa has sold its stake in Air Canada: sources Two senior federal government sources have confirmed to CTV News that the federal government has sold its stake in Air Canada. 'I recognize these footsteps': How Trump and 'coyote' smuggling changed life at the border Bent signs bolted to the rail threaten fines and imprisonment should violators cross the boundary into the United States, a warning many people are choosing to ignore simply by walking around the barrier. She took a DNA test for fun. Police used it to charge her grandmother with murder in a cold case According to court documents, detectives reopened the cold case in 2017 and then worked with a forensics company to extract DNA from Baby Garnet's partial femur, before sending the results to Identifinders International. Danielle Smith announces new team to patrol Alberta-U.S. border Premier Danielle Smith says her government will create a team of specially-trained sheriffs tasked with patrolling the Alberta-U.S. border. McDonald's employee who called 911 in CEO's shooting is eligible for reward, but it will take time More than 400 tips were called into the New York Police Department's Crime Stoppers tip line during the five-day search for a masked gunman who ambushed and fatally shot UnitedHealthcare CEO Brian Thompson last week. Man who set fires inside Calgary's municipal building lost testicle during arrest: ASIRT Two Calgary police officers have been cleared of any wrongdoing in an incident that saw a suspect lose a testicle after being shot with an anti-riot weapon. Country star Morgan Wallen sentenced in chair-throwing case Country music star Morgan Wallen on Thursday pleaded guilty to two misdemeanour counts of reckless endangerment for throwing a chair from the rooftop of a six-storey bar in Nashville and nearly hitting two police officers with it. Doug Ford says cutting off U.S. energy supply amid tariff threats a 'last resort' Premier Doug Ford says that cutting off the energy supply to the U.S. remains a “last resort” amid the threat of a promised 25 per cent tariff on Canadian goods but he is warning that his government is ultimately prepared to use “every tool” in its toolbox “to protect the livelihoods of the people of Ontario.” Ho ho, oh no: Man sought by police goes down chimney and gets stuck A Massachusetts man trying to escape from police shimmied down the chimney. And got stuck. Canada Blizzard warning shuts down large parts of midwestern Ontario It was a day to stay home, if you could, across much of midwestern Ontario due to weather. Doug Ford says cutting off U.S. energy supply amid tariff threats a 'last resort' Premier Doug Ford says that cutting off the energy supply to the U.S. remains a “last resort” amid the threat of a promised 25 per cent tariff on Canadian goods but he is warning that his government is ultimately prepared to use “every tool” in its toolbox “to protect the livelihoods of the people of Ontario.” BREAKING | Travis Vader, killer of Lyle and Marie McCann, denied day parole The man who killed an Alberta couple in 2010 has been denied day parole. 'I recognize these footsteps': How Trump and 'coyote' smuggling changed life at the border Bent signs bolted to the rail threaten fines and imprisonment should violators cross the boundary into the United States, a warning many people are choosing to ignore simply by walking around the barrier. Quebec, Newfoundland and Labrador announce energy deal to resolve decades-old dispute Quebec and Newfoundland and Labrador have reached a sweeping deal to develop new energy projects in Labrador and end a decades-old contract that has long been a thorn in the side of Canada's easternmost province. Man who set fires inside Calgary's municipal building lost testicle during arrest: ASIRT Two Calgary police officers have been cleared of any wrongdoing in an incident that saw a suspect lose a testicle after being shot with an anti-riot weapon. World Companies tighten security after a health care CEO's killing leads to a surge of threats 'Wanted' posters with the names and faces of health care executives have been popping up on the streets of New York. Hit lists with images of bullets are circulating online with warnings that industry leaders should be afraid. Israeli strike in Gaza kills 25 people as U.S. makes new push for a ceasefire An Israeli airstrike hit the central Gaza Strip on Thursday, killing at least 25 Palestinians and wounding dozens more, Palestinian medics said, just hours after President Joe Biden’s national security adviser raised hopes about a ceasefire deal to end the war in Gaza. McDonald's employee who called 911 in CEO's shooting is eligible for reward, but it will take time More than 400 tips were called into the New York Police Department's Crime Stoppers tip line during the five-day search for a masked gunman who ambushed and fatally shot UnitedHealthcare CEO Brian Thompson last week. 'We are in for more terrorism, not less,' warns Canadian terror expert amid Syria's political chaos The collapse of Bashar al-Assad’s regime means the ticking time bomb of prisons holding thousands of suspected ISIS members in northeast Syria has become even more unstable, a Canadian terrorism expert warns. What do we know about the mysterious drones reported flying over New Jersey? A large number of mysterious drones have been reported flying over parts of New Jersey in recent weeks, sparking speculation and concern over who sent them and why. Rescue group saves 11-year-old girl floating alone in the Mediterranean for days after shipwreck An 11-year-old girl from Sierra Leone was found floating in the Mediterranean Sea off Italy's southernmost island of Lampedusa, believed to be the only survivor of a shipwrecked migrant boat that had departed from the port of Sfax in Tunisia, a humanitarian group said Thursday. Politics Elon Musk calls Justin Trudeau 'insufferable tool' in new social media post Billionaire Elon Musk is calling Prime Minister Justin Trudeau 'an insufferable tool' in a new social media post on Wednesday. 'Won't be in power for much longer,' Musk also wrote about the prime minister on 'X.' Ottawa has sold its stake in Air Canada: sources Two senior federal government sources have confirmed to CTV News that the federal government has sold its stake in Air Canada. Housing unaffordability still rising despite billions in government measures: PBO The Parliamentary Budget Officer says the number of households in need is still rising even though Canada is spending billions of dollars a year to address housing affordability, Health MAID cases rose to 15,000 in 2023, but growth of cases halved More than 15,000 people received medical assistance in dying in Canada in 2023, but federal statistics show the growth in cases has slowed significantly. Stanley cups recalled over 'burn hazard' A recall notice is in effect for a selection of Stanley travel mugs, warning consumers to 'immediately stop using' them. Some epilepsy patients worry their seizures will return amid medication shortage The Canadian Epilepsy Alliance says an ongoing shortage of an epilepsy medication is leaving some patients worried they'll start to have seizures again if they switch to an alternative. Sci-Tech Male humpback whale makes record-breaking migration A male humpback whale has made an extraordinary journey from South America to Africa — travelling more than 13,046 kilometres — the longest migration recorded for a single whale, a new study found. An autistic teen's parents say Character.AI said it was OK to kill them. They're suing to take down the app Two families have sued artificial intelligence chatbot company Character.AI, accusing it of providing sexual content to their children and encouraging self-harm and violence. The lawsuit asks a court to shut down the platform until its alleged dangers can be fixed. Scientists mapped the world's rivers over 35 years. They found shocking changes The nearly 3 million rivers that weave across the world are experiencing rapid and surprising changes, with potentially drastic implications for everything from drinking water supplies to flood risks, according to a new study. Entertainment 'Vanderpump Rules' star James Kennedy arrested on suspicion of domestic violence Reality TV star James Kennedy was arrested Tuesday on suspicion of misdemeanor domestic violence, according to the Burbank Police Department. Country star Morgan Wallen sentenced in chair-throwing case Country music star Morgan Wallen on Thursday pleaded guilty to two misdemeanour counts of reckless endangerment for throwing a chair from the rooftop of a six-storey bar in Nashville and nearly hitting two police officers with it. Producers of Netflix hit 'Love is Blind' accused of U.S. labour law violations The producers of Netflix's hit reality dating show 'Love is Blind' have been accused by a U.S. labour board of attempting to strip cast members of their rights to discuss working conditions and speak publicly about their experiences. Business Creditors expected to vote on proposed $32.5B deal with tobacco giants today Creditors are expected to vote today on a proposed settlement that would see three major tobacco manufacturers pay out billions to provinces and territories, as well as smokers across Canada. The Body Shop Canada to close more stores as it prepares for new owner The head of the Body Shop Canada says more stores are due to close as the chain prepares to take on new ownership. Settlement reached in complaint over Canada Post layoffs as strike hits four weeks The union representing Canada Post workers says an unfair labour practice complaint over the company's layoffs has been resolved. Lifestyle The holidays can be stressful and anxiety-inducing. Here’s how to make them fun and exciting again The holidays can be fun and exciting, but you know they can also be cause for stress and anxiety. Indian Gukesh Dommaraju, 18, becomes the youngest ever chess world champion Teenager Gukesh Dommaraju became the youngest-ever undisputed classical chess world champion after beating Ding Liren 7.5-6.5 in their best-of-14 final in Singapore on Thursday. Stressed about the cost of the holidays? How to talk to loved ones about cutting back Experts say it's common to be stressed about money around the holidays, but talking to friends and family about your budget — and maybe even agreeing to financial caps on gift-giving — can remove a lot of anxiety from the holiday season. Sports Bill Belichick 'always wanted' to give college coaching a try. Now he will at North Carolina Bill Belichick had just been introduced Thursday as North Carolina's next football coach when chancellor Lee Roberts came armed with a gift: a short-sleeved gray hoodie — a bit of a trademark from Belichick's NFL coaching days — bearing a blue interlocking “NC” logo. 'A reasonable compromise': Regina City Council forgives Riders of more than $1M in unpaid rent Regina City Council forgave the Saskatchewan Roughriders of more than $1 million in unpaid rent payments at their meeting Wednesday. Man City crisis deepens with loss to Juventus in Champions League as Barcelona and Arsenal win Manchester City plunged deeper into trouble in the Champions League by losing 2-0 at Juventus, as manager Pep Guardiola battles injuries and loss of belief. Autos 'Baseball-sized hail': Toronto man owes car rental company $18K after hailstorm A Toronto man is on the hook for about $18,000 after a car he rented over the summer was pelted by baseball-sized hail. GM is pulling the plug on its robotaxi efforts General Motors is pulling the plug on its efforts to develop a fleet of driverless taxis and will focus on driver-assistance features that require a driver to be ready to take control of the car, the company said Tuesday. 80-year-old driver with expired licence accused of going nearly double the speed limit in eastern Ontario Ontario Provincial Police say a man caught stunt driving on Highway 37 near Tweed, Ont. Thursday was 80 years old, and his licence was expired. Local Spotlight 140-pound dog strolls solo into Giant Tiger store in Stratford, Ont. A furry, four-legged shopper was spotted in the aisles of a Giant Tiger store in Stratford, Ont. on Sunday morning. North Pole post: N.S. firefighters collect letters to Santa, return them by hand during postal strike Fire departments across Nova Scotia are doing their part to ensure children’s letters to Santa make their way to the North Pole while Canada Post workers are on strike. 'Creatively incredible': Regina raised talent featured in 'Wicked' film A professional dancer from Saskatchewan was featured in the movie adaptation of Wicked, which has seen significant success at the box office. Montreal man retiring early after winning half of the $80 million Lotto-Max jackpot Factor worker Jean Lamontagne, 63, will retire earlier than planned after he won $40 million on Dec. 3 in the Lotto-Max draw. Man, 99, still at work 7 decades after opening eastern Ontario Christmas tree farm This weekend is one of the busiest of the year for Christmas tree farms all over the region as the holidays approach and people start looking for a fresh smell of pine in their homes. Saskatoon honours Bella Brave with birthday celebration It has been five months since Bella Thompson, widely known as Bella Brave to her millions of TikTok followers, passed away after a long battle with Hirschsprung’s disease and an auto-immune disorder. Major Manitoba fossil milestones highlight the potential for future discoveries in the province A trio of fossil finds through the years helped put Manitoba on the mosasaur map, and the milestone of those finds have all been marked in 2024. The 61st annual Christmas Daddies Telethon raises more than $559,000 for children in need The 61st annual Christmas Daddies Telethon continued its proud Maritime tradition, raising more than $559,000 for children in need on Saturday. Calgary company steps up to help grieving family with free furnace after fatal carbon monoxide poisoning A Calgary furnace company stepped up big time Friday to help a Calgary family grieving the loss of a loved one. Vancouver Crews search for missing skier at B.C. resort Police and rescue crews are searching for a man who was last seen boarding a ski lift at B.C.'s Sun Peaks Resort Tuesday. Man charged after victim pinned to tree with vehicle in Victoria A 34-year-old man is facing multiple criminal charges after allegedly striking a man with his vehicle and pinning him against a tree in Victoria, causing serious injuries. Star centre J.T. Miller set to return to Vancouver Canucks lineup against Panthers Star centre J.T. Miller will return to the Canucks’ lineup on Thursday when Vancouver hosts the Florida Panthers. Toronto 'Enough is enough': Doug Ford says Ontario could hand encampment drug users $10,000 fines, prison Ontario Premier Doug Ford says his government is introducing a suite of measures to help municipalities “address and dismantle” homeless encampments around the province, including steep fines for people who use drugs. Video shows suspects armed with sledgehammer break into spa in Markham Three teenagers and a 19-year-old man have been arrested and three more are at large in connection with a series of spa robberies in Markham and Toronto, one of which was captured on security camera. Dog found after vehicle stolen in Toronto A dog that was inside a vehicle when it was stolen in Toronto on Wednesday has been found, police say. Calgary Calgary police to hold news conference following young woman's death Calgary police will hold a news conference Thursday to speak about the death of a young woman found badly injured on Calgary's Nose Creek Pathway on Monday. Danielle Smith approval rating holds steady at 45%: poll A new poll from the non-profit Angus Reid Institute finds that Alberta Danielle Smith’s approval rating once again remains relatively unchanged. Man who set fires inside Calgary's municipal building lost testicle during arrest: ASIRT Two Calgary police officers have been cleared of any wrongdoing in an incident that saw a suspect lose a testicle after being shot with an anti-riot weapon. Ottawa Bus parked at OC Transpo depot destroyed by fire Ottawa firefighters extinguished a bus that was fully engulfed in flames while parked at an OC Transpo depot on Thursday afternoon. Two additional arrests made in connection with Val-des-Monts death investigation Police have arrested two additional people in connection with an investigation into a woman's death north of Gatineau earlier this month. Crews begin removing cargo from ship stuck in St. Lawrence River in eastern Ontario Crews have started work on a new attempt to refloat a cargo ship that ran aground in the St. Lawrence River nearly three weeks ago. Montreal Montreal homicide rate dropped by more than 20 per cent in 2023: Statistics Canada Newly released figures from Statistics Canada shows that the rate of homicides in the Montreal area dropped significantly in 2023 compared to the previous year. Quebec to pay 30 times more for power out of N.L. plant after decades-long dispute Quebec and Newfoundland announced today a new arrangement that will see Quebec pay 30 times more for power from the Churchill Falls hydroelectricity plant in Labrador. Montreal suburb declares 'end of deer saga' after killing 105 animals in urban park A Montreal suburb is declaring the 'end of the deer saga' today after completing its plan to cull a growing herd of white-tailed deer in one of its parks. Edmonton BREAKING | Travis Vader, killer of Lyle and Marie McCann, denied day parole The man who killed an Alberta couple in 2010 has been denied day parole. BREAKING | Edmonton police chief to assume leadership roles in Alberta public service, executive council Dale McFee will start a job in the high level of Alberta's government three days after his last day as the chief of Edmonton Police Service in February. Boyle Street health hub scrapped in Old Strathcona After more than two years of preparation and pushback, plans for a new health hub in Old Strathcona have been scrapped. Atlantic Bass River, N.S., bridge partially collapses A bridge in Bass River, N.S., partially collapsed on Wednesday. The wooden structure was under construction when one side gave way and fell into the river. N.S. Premier Tim Houston reveals new cabinet, department names The new cabinet for the Nova Scotia government will have its swearing-in ceremony Thursday afternoon. Deal between Ottawa and N.S. First Nation over contested fishery nearly done: lawyer The lawyer for a Mi'kmaq band that has battled Ottawa over its lobster harvest rights says a deal settling the "centuries-old" fishing dispute is nearly complete. Winnipeg 'Concerning:' Manitoba homicides spiked in 2024 Manitoba RCMP has seen a spike in homicides in 2024. New hammer rule to be tested at next Grand Slam of Curling event As far as curling experiments go, a new rule that will be used at the next Grand Slam competition looks like a doozy. Colleen Bready's Forecast: How long will the extreme cold last? Extreme cold continues to hold its grip on much of Manitoba and northwestern Ontario on Thursday. Regina Sask. premier says collaboration needed to tackle border security and avoid Trump tariffs Saskatchewan Premier Scott Moe says an “all hands-on-deck approach” is needed to address border security concerns to avoid U.S. President-elect Donald Trump's tariff threat on products from Canada and Mexico. Three charged after Regina police officer assaulted during break and enter investigation Three people are facing a lengthy list of charges after a break and enter investigation led to a Regina police officer being assaulted and injured Tuesday night. Regina General Hospital parkade set to open, will provide 686 more parking spots The grand opening of a new parkade at Regina's General Hospital was celebrated on Thursday. Staff and visitors to the medical centre will be able to use the new facility on Monday. Kitchener 'Enough is enough': Doug Ford says Ontario could hand encampment drug users $10,000 fines, prison Ontario Premier Doug Ford says his government is introducing a suite of measures to help municipalities “address and dismantle” homeless encampments around the province, including steep fines for people who use drugs. Marathon budget meeting ends without setting Waterloo Region budget Waterloo Region Council was expected to set the 2025 budget on Wednesday, but after a marathon meeting, councillors left the horseshoe without making a final decision. Settlement reached in complaint over Canada Post layoffs as strike hits four weeks The union representing Canada Post workers says an unfair labour practice complaint over the company's layoffs has been resolved. Saskatoon Nearly 1,500 people in Saskatoon are homeless, according to the latest count Nearly 1,500 people in Saskatoon are homeless, according to the latest point-in-time (PiT) Count conducted by the city and outside partners. Prince Albert police release photo of suspect in family/grandparent scam The Prince Albert Police Service (PAPS) is releasing a photo of a person of interest in connection with a family/grandparent emergency scam following multiple reports. Sask. premier says collaboration needed to tackle border security and avoid Trump tariffs Saskatchewan Premier Scott Moe says an “all hands-on-deck approach” is needed to address border security concerns to avoid U.S. President-elect Donald Trump's tariff threat on products from Canada and Mexico. Northern Ontario BREAKING | Northern Ont. bank employee taken to hospital with serious injuries after shooting An employee at Northern Credit Union in Wawa, Ont., was taken to hospital with serious injuries after a shooter entered the branch and opened fire Thursday morning, the financial institution said in a statement. Stabbing in wooded area of Sudbury results in attempted murder charge Sudbury police have charged a man, 28, with attempted murder after a stabbing in wooded area off Leslie Street on Wednesday night. Ottawa has sold its stake in Air Canada: sources Two senior federal government sources have confirmed to CTV News that the federal government has sold its stake in Air Canada. London 'Music is good for the soul': A holiday concert warms spirits inside the Verspeeten Family Cancer Centre A holiday concert dubbed ‘Clinic Notes’ warmed hearts inside LHSC’s Verspeeten Family Cancer Centre today. The performance is put on by a group of clinicians, talented in medicine and music. Blizzard warning shuts down large parts of midwestern Ontario It was a day to stay home, if you could, across much of midwestern Ontario due to weather. 40 to 80 cm of snow in some areas: Blizzard and snow squall warnings up across the region Blizzard and snow squall warnings have rolled across much of southern Ontario – with up to 15 centimeters expected today, and blowing snow reducing visibility on roadways. Barrie Significant weather event declared in Owen Sound amid blizzard warning The City of Owen Sound has declared a significant weather event with the region under a blizzard warning on Thursday as lake-effect snow squalls hammer the area. Jack-knifed tractor-trailer in Gravenhurst as squalls continue A jack-knifed tractor-trailer caused lane closures along Highway 11 near Bethune Drive South in Gravenhurst. Teen arrested in connection to threat made toward high school: OPP Provincial police arrested a 17-year-old from Bolton accused of making a threat toward a local high school. Windsor Shots fired in South Windsor, one injured An investigation is underway after the Windsor Police Service said multiple shots were fired at a group of people in South Windsor. One injured in Windsor kitchen fire One person has been injured following a kitchen fire in Windsor. Woman charged after throwing pot of coffee in Chatham business: CKPS Chatham-Kent police charged a woman who allegedly threw a pot of coffee when asked to leave a business in Chatham. Vancouver Island Man charged after victim pinned to tree with vehicle in Victoria A 34-year-old man is facing multiple criminal charges after allegedly striking a man with his vehicle and pinning him against a tree in Victoria, causing serious injuries. Police say 42 vehicles vandalized in 'campaign of destruction' in Nanaimo, B.C. Mounties are investigating after more than 40 vehicles were vandalized in what police described as a "campaign of destruction" across Nanaimo, B.C. Crews search for missing skier at B.C. resort Police and rescue crews are searching for a man who was last seen boarding a ski lift at B.C.'s Sun Peaks Resort Tuesday. Kelowna Study of 2023 Okanagan wildfires recommends limiting development in high-risk areas A study into the devastating wildfires that struck British Columbia's Okanagan region in 2023 has recommended that government and industry limit development in high-fire-risk areas. Kelowna, B.C., to host the Memorial Cup in the spring of 2026 The Western Hockey League's Kelowna Rockets will host the Memorial Cup in the spring of 2026, the Canadian Hockey League said Wednesday. 545 vehicles impounded in 332 days: BC Highway Patrol pleads for drivers to slow down Mounties with the BC Highway Patrol in Kelowna say they've impounded more than 545 vehicles for excessive speed and aggressive driving so far this year. That works out to more than 1.6 per day. Lethbridge Lethbridge birthday present lands couple $M from $5 Set for Life ticket Some holiday seasons are merrier than others, and this one will be merrier than most for Lethbridge couple Catherine and Darcy Fritz after winning $1 million on a $5 Set for Life Scratch and Win ticket. Lethbridge post-secondary schools trying to help students manage exam stress Southern Alberta students are busy cramming for the final stretch of the exam season --and with all that extra work comes stress. LDE will continue to operate Agri-food Hub and Trade Centre, property tax increase deferred The Lethbridge and District Exhibition (LDE) will continue to operate the Agri-food Hub and Trade Centre for at least for the next two years. Sault Ste. Marie BREAKING | Northern Ont. bank employee taken to hospital with serious injuries after shooting An employee at Northern Credit Union in Wawa, Ont., was taken to hospital with serious injuries after a shooter entered the branch and opened fire Thursday morning, the financial institution said in a statement. Snow squall warnings in the Sault Ste. Marie area, up to 50 cm expected by Friday Snow squall warnings issued for the Sault Ste. Marie area off Lake Superior as 30 to 50 cm of snow is expected by Friday. Ontario man charged with sex trafficking underage girls from Sudbury, Kingston Two young girls, from Sudbury and Kingston, Ont., were rescued from sex trafficking in the GTA and their suspected abuser has been charged, but police fear there may be more victims. N.L. Quebec, Newfoundland and Labrador announce energy deal to resolve decades-old dispute Quebec and Newfoundland and Labrador have reached a sweeping deal to develop new energy projects in Labrador and end a decades-old contract that has long been a thorn in the side of Canada's easternmost province. Quebec and Newfoundland and Labrador expected to sign Churchill Falls energy deal Quebec Premier François Legault and Newfoundland and Labrador Premier Andrew Furey are scheduled to announce an energy agreement Thursday that could end decades of friction between the two provinces. Newfoundland towns light up harbours to honour fishers and pray for their safety On a twinkling wharf in a small Newfoundland town, a crowd of about 100 people stopped singing and chatting on Friday night to bow their heads in a moment of silence for local fish harvesters. Stay ConnectedCHARLOTTE, N.C. (AP) — Front Row Motorsports, one of two teams suing NASCAR in federal court, accused the stock car series Thursday of rejecting the planned purchase of a valuable charter unless the lawsuit was dropped. Front Row made the claim in a court filing and said it involved its proposed purchase of the charter from Stewart-Haas Racing. Front Row said the series would only approve it if Front Row and 23XI Racing dropped their court case. “Specifically, NASCAR informed us that it would not approve the (charter) transfer unless we agreed to drop our current antitrust lawsuit against them,” Jerry Freeze, general manager of Front Row, said in an affidavit filed in the U.S. District Court of Western North Carolina. The two teams in September refused to sign NASCAR's “take-it-or-leave-it” final offer on a new revenue sharing agreement. All other 13 teams signed the deal. Front Row and 23XI balked and are now in court. 23XI co-owner Michael Jordan has said he took the fight to court on behalf of all teams competing in the top motorsports series in the United States. NASCAR has argued that the two teams simply do not like the terms of the final charter agreement and asked for the lawsuit be dismissed. Earlier this week, the suit was transferred to a different judge than the one who heard the first round of arguments and ruled against the two teams in their request for a temporary injunction to be recognized in 2025 as chartered teams as the case proceeds. The latest filing is heavily redacted as it lays out alleged retaliatory actions by NASCAR the teams say have caused irreparable harm. Both Front Row and 23XI want to expand from two full-time cars to three, and have agreements with SHR to purchase one charter each as SHR goes from four cars to one for 2025. The teams can still compete next season but would have to do so as “open” teams that don't have the same protections or financial gains that come from holding a charter. Freeze claimed in the affidavit that Front Row signed a purchase agreement with SHR in April and NASCAR President Steve Phelps told Freeze in September the deal had been approved. But when Front Row submitted the paperwork last month, NASCAR began asking for additional information. A Dec. 4 request from NASCAR was “primarily related to our ongoing lawsuit with NASCAR,” Freeze said. “NASCAR informed us on December 5, 2024, that it objected to the transfer and would not approve it, in contrast to the previous oral approval for the transfer confirmed by Phelps before we filed the lawsuit,” Freeze said. “NASCAR made it clear that the reason it was now changing course and objecting to the transfer is because NASCAR is insisting that we drop the lawsuit and antitrust claims against it as a condition of being approved.” A second affidavit from Steve Lauletta, the president of 23XI Racing, claims NASCAR accused 23XI and Front Row of manufacturing “new circumstances” in a renewed motion for an injunction and of a “coordinated effort behind the scenes.” “This is completely false,” Lauletta said. Front Row is owned by businessman Bob Jenkins, while 23XI is owned by retired NBA Hall of Famer Jordan, three-time Daytona 500 winner Denny Hamlin and longtime Jordan adviser Curtis Polk. NASCAR had been operating with 36 chartered teams and four open spots since the charter agreement began in 2016. NASCAR now says it will move forward in 2025 with 32 chartered teams and eight open spots, with offers on charters for Front Row and 23XI rescinded and the SHR charters in limbo. The teams contend they must be chartered under some of their contractual agreements with current sponsors and drivers, and competing next year as open teams will cause significant losses. “23XI exists to compete at the highest level of stock car racing, striving to become the best team it can be. But that ambition can only be pursued within NASCAR, which has monopolized the market as the sole top-tier circuit for stock car racing,” Lauletta said. "Our efforts to expand – purchasing more cars and increasing our presence on the track – are integral to achieving this goal. “It is not hypocritical to operate within the only system available while striving for excellence and contending for championships,” he continued. “It is a necessity because NASCAR’s monopoly leaves 23XI no alternative circuit, no different terms, and no other viable avenue to compete at this level.” AP auto racing: https://apnews.com/hub/auto-racing
GULFPORT, Miss.--(BUSINESS WIRE)--Dec 12, 2024-- Hancock Whitney Corporation (Nasdaq: HWC) today announced that at its December meeting, the Company’s Board of Directors (“the Board”) authorized a stock buyback program (the “Stock Buyback Program”) pursuant to which the Company may, from time to time, purchase up to 5% of the shares of Company common stock outstanding as of December 31, 2024, replacing the previous stock buyback program that expires on December 31, 2024. The Stock Buyback Program is effective on January 1, 2025 and expires on December 31, 2026. The shares may be repurchased in the open market, by block purchase, through accelerated share repurchase plans, in privately negotiated transactions or otherwise, in one or more transactions, from time to time, depending upon market conditions and other factors, and in accordance with applicable regulations of the Securities and Exchange Commission. The Stock Buyback Program may be terminated or amended by the Board at any time prior to the expiration date. About Hancock Whitney Since the late 1800s, Hancock Whitney has embodied core values of Honor & Integrity, Strength & Stability, Commitment to Service, Teamwork, and Personal Responsibility. Hancock Whitney offices and financial centers in Mississippi, Alabama, Florida, Louisiana, and Texas offer comprehensive financial products and services, including traditional and online banking; commercial and small business banking; private banking; trust and investment services; healthcare banking; and mortgage services. The company also operates a loan production office in Nashville, Tennessee. More information is available at www.hancockwhitney.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241212994097/en/ CONTACT: For more information Kathryn Shrout Mistich, VP, Investor Relations Manager 504.539.7836 orkathryn.mistich@hancockwhitney.com KEYWORD: MISSISSIPPI TEXAS UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: BANKING ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: Hancock Whitney Copyright Business Wire 2024. PUB: 12/12/2024 05:00 PM/DISC: 12/12/2024 05:00 PM http://www.businesswire.com/news/home/20241212994097/enLakers looking to get their offense back on track
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