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Yahoo Finance’s Dan Howley joins the Yahoo Finance Live panel to preview Activision Blizzard’s upcoming earnings.
Yahoo Finance’s Dan Howley joins the Yahoo Finance Live panel to preview Activision Blizzard’s upcoming earnings.
New Delhi [India], May 6 (ANI): The National Investigative Agency (NIA) on Wednesday filed a charge sheet against three operatives of the Lashkar-e-Taiba in the LeT online recruitment module case.
Research by Which? looked at a selection of older routers still being used by customers.
VANCOUVER, British Columbia, May 05, 2021 (GLOBE NEWSWIRE) -- SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (“SouthGobi” or the “Company”) wishes to inform the shareholders of the Company and potential investors that, based on the Company’s preliminary assessment of the unaudited management accounts of the Company for the quarter ended 31 March 2021 and the information currently available to the Company, it is expected that the Company would record a net profit at a range between USD 10 million and USD 14 million for the quarter ended 31 March 2021, as compared to a net loss of USD 9.2 million for the corresponding period in 2020. The expected increase in net profit is mainly attributed to the increase in coal prices and coal sales volume during the first quarter of 2021; and the finance income recorded as a result of the execution of the deferral agreement with China Investment Corporation (“CIC”) in January 2021 regarding the modification of certain terms of the CIC Convertible Debenture. As at the date of this announcement, the Company is still preparing and finalizing its quarterly results for the quarter ended 31 March 2021. The information contained in this announcement is based on the preliminary assessment of the information currently available to the Company and the unaudited management accounts, which have not been audited by the Company’s auditors and is subject to further adjustments. Details of the Company’s financial information and performance will be disclosed in the 2021 first quarter results announcement of the Company and is expected to be published on 14 May 2021. SHAREHOLDERS AND POTENTIAL INVESTORS OF THE COMPANY SHOULD EXERCISE CAUTION WHEN THEY DEAL OR CONTEMPLATE DEALING IN THE COMPANY’S SHARES OF THE COMPANY. About SouthGobiSouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and operates its flagship Ovoot Tolgoi coal mine in Mongolia. It also holds the mining licences of its other metallurgical and thermal coal deposits in South Gobi region of Mongolia. SouthGobi produces and sells coal to customers in China. Contact:Investor RelationsOffice: +852 2156 1438 (Hong Kong) +1 604 762 6783 (Canada)Email: email@example.comWebsite: www.southgobi.com
Credit Suisse Group AG has told customers in recent months it will no longer execute transactions in shares of cannabis companies with U.S. operations or hold them on behalf of clients, a cannabis company executive and other industry sources told Reuters on Wednesday. The Swiss lender was among a handful of banks that had been willing to buy and sell marijuana-related stocks for clients in the United States and hold those shares as a custodian. Credit Suisse declined to comment.
The dollar's weakness will continue for at least another three months, according to a Reuters poll of foreign exchange strategists, a majority of whom said a hunt for yield would dictate moves in currency markets in the near term. After gaining nearly 4% in the first quarter, marking its best start in years, the dollar index - measured against a basket of six major currencies - fell more than 2% in April, its weakest performance in four months. Despite the greenback's rebound in recent trading sessions, partly sparked by comments from U.S. Treasury Secretary Janet Yellen that interest rate hikes may be needed to stop the economy from overheating, the currency was not expected to make a sustained recovery.
It's the first country to allow the Pfizer jab for this age group.
Justin Foster announced in February that he was retiring from football due to lingering issues with COVID-19.
LitePoint 5G Test System Enabled to Test Qualcomm® 5G RAN Platform for Small CellsSAN JOSE, Calif., May 05, 2021 (GLOBE NEWSWIRE) -- LitePoint, a leading provider of wireless test solutions, today announced it has signed an agreement with Qualcomm Technologies, Inc. to support LitePoint’s development of its 5G test solutions for the Qualcomm 5G RAN Platform for Small Cells (FSM 100xx) to accelerate small cell deployment. Small cells are crucial for mobile operator 5G network deployments, as they are designed to provide increased coverage and uniform 5G user experiences while delivering high data rate and low latencies. Specifically, 5G small cells offer superior power consumption and performance while enabling greater coverage and throughput in high-density, metropolitan areas and growing, indoor enterprise environments. To address the emerging 5G small cell market and accelerating 5G deployments in outdoor metropolitan and indoor enterprise locations, LitePoint offers its 5G test solutions, which have been updated to provide comprehensive non-signaling test coverage of small cell base stations. “This 5G small cell engagement is built on longstanding, trusted and successful cooperation between the companies for many years and leverages their in-depth expertise to enable 5G small cells,” said Rex Chen, Director of Strategic Business Development at LitePoint. “We are pleased to work with Qualcomm to support product design through manufacturing test for its 5G small cell solution.” “We are pleased to be working with LitePoint to support the rapidly growing 5G industry with enhanced mobile broadband connectivity by improving network coverage, capacity, performance and power efficiency through our advanced 5G RAN solutions," said Victor Abramsky, vice president, engineering, Qualcomm Technologies, Inc. "By working with industry-leaders like LitePoint, we can accelerate the deployment of 5G small cells globally by providing customers with advanced 5G technologies.” Technical DetailsLitePoint’s IQgig-5G is a fully integrated, versatile multiband millimeter wave (mmWave) non-signaling test solution and the first of its kind to support all 5G FR2 frequencies within the 23-45GHz frequency range. All signal generation, analysis, processing, and RF front-end switching are self-contained inside a single chassis. The one-box design makes it simple to set up, use and maintain in order to achieve reliable measurements. The test system enables small cell waveform generation and analysis for 5G radio technologies, provides an intuitive graphical user interface (GUI) and allows for real-time RF parametric analysis for small cell products. The Qualcomm 5G RAN Platform for Small Cells (FSM 100xx) is the industry’s first 5G NR solution for small cells. The 10nm solution supports both sub-6GHz and mmWave spectrum bands. This platform is designed to support original equipment manufacturers (OEMs) to reuse both software and hardware designs across sub-6GHz and mmWave products. For more information on LitePoint’s 5G testing solutions, visit https://www.litepoint.com/products/iqgig-5g/. About LitePointLitePoint creates wireless test solutions and services for the world’s most innovative wireless device makers, helping them to ensure their products perform for today’s demanding consumers. A leading innovator in wireless testing, LitePoint products come out of the box ready to test the most widely used wireless chipsets in the world. LitePoint works with the leading makers of smartphones, tablets, PCs, wireless access points and chipsets. LitePoint is also at the forefront of testing the burgeoning world of connected devices…the Internet of Things. Headquartered in Silicon Valley, California and with offices around the world, LitePoint is a wholly owned subsidiary of Teradyne (NASDAQ:TER), a leading supplier of automation equipment for test and industrial applications. In 2020, Teradyne had revenue of $3.1 billion and today employs 5,500 people worldwide. For more information, visit teradyne.com. Qualcomm is a trademark or registered trademark of Qualcomm Incorporated. Qualcomm 5G RAN Platform is a product of Qualcomm Technologies, Inc. and/or its subsidiaries. CONTACT:Andy BlanchardCorporate CommunicationsTeradyne, Inc.1 (978) firstname.lastname@example.org
PHOENIX, May 05, 2021 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), (TSX: GWR), a pure-play water resource management company, reported results for the first quarter ended March 31, 2021. All comparisons are to the same year-ago period unless otherwise noted. The company will hold a conference call at 1:00 p.m. Eastern time tomorrow to discuss the results (see dial-in information below.) Q1 2021 Financial Highlights Revenues increased 12.5% to $9.3 million, driven by organic connection growth, increased consumption, and increased rates.Cash and cash equivalents totaled $18.2 million at March 31, 2021. Declared three monthly cash dividends of $0.02434 per common share, or $0.29208 per share on an annualized basis. Q1 2021 Operational Highlights Total active service connections increased 8.5% to 50,162 at March 31, 2021 from 46,227 at March 31, 2020.Entered into a master utility agreement with Nikola Corporation to provide water and wastewater services to its new manufacturing plant in Coolidge, Arizona, adjacent to Inland Port Arizona.Signed agreements to acquire two small water utility companies, Twin Hawks Utility and Rincon Water Company. The company filed for regulatory approval of these acquisitions in April and anticipates a decision in the second half of the year.Distributed over $0.1 million in the company's recently expanded customer assistance program for those who had difficulty paying their utility bills due to COVID-19. Management Commentary “Just over one year into the global pandemic, Global Water continues to perform very well, including and most importantly our track record relating to environmental compliance, and the health, safety, and satisfaction of our customers and employees,” stated Global Water Resources president and CEO, Ron Fleming. “In Q1, total revenues were $9.3 million, up 12.5% versus the same year-ago quarter. The increase was driven by greater water consumption, organic growth in connections, and increased rates. “During the quarter, we continued to ramp up capital investments as required to manage the growth indicated and for new service areas. We also started the infrastructure design and engineering efforts for Inland Port Arizona, a 2,700 acre or 3.4 square mile property located in the City of Coolidge. We believe the project will help us expand our current service areas and establish new service areas. “In January, we announced a master utility agreement to serve a Nikola manufacturing facility that is located next to Inland Port Arizona. Construction of the plant is underway and we are working on the first stages of implementing a water and wastewater solution for the site. While we do not anticipate Nikola's initial usage demand to be material, we are encouraged by the related long-term growth prospects of the larger Inland Port Arizona area. “We remain well positioned with a strong balance sheet and disciplined strategy. Given our cash and cash equivalents of $18.2 million and unused credit line of $10 million, we believe this allows us to be a great utility partner for the communities we have the privilege to serve, as well as to pursue expansion through organic growth, acquisitions, and new projects both big and small. “We continue to evaluate potential acquisitions of water and wastewater utilities across the State of Arizona, from the very small to very large. We remain confident about our near-term opportunities, and plan to make additional ‘tuck-in’ acquisitions this year. “Coming up in August, we have a regulatory hearing regarding our rate case filing. Any new rates established by the filing would be effective for most of our utilities through and up to a three-year phase-in period starting in January of next year. Rate cases are typically a lengthy process, and there can be no guarantees as to the timing or outcome. “We anticipate continued growth across all areas of our business supported by ongoing population and job growth throughout metro-Phoenix and our other service areas. We plan to remain at the forefront of the water management industry, as we advance our mission of achieving efficiency and consolidation for the benefit of our shareholders and the communities we serve.” Q1 2021 Financial Summary Revenues Total revenues in the first quarter of 2021 increased $1.0 million, or 12.5%, to $9.3 million compared to $8.2 million in the same period in 2020. This increase was primarily driven by an increase of 8.5% in active service connections combined with an increase in usage and rates. Operating Expenses Operating expenses increased $1.8 million, or 27.7%, to $8.2 million in the first quarter of 2021 compared to $6.4 million in the same period in 2020. The increase was primarily attributed to increased general and administrative expenses associated with increased deferred compensation which is directly tied to the increase in the company's stock price. Further contributing to the expense increase in the first quarter of 2021 was the significant reduction to deferred compensation in the first quarter of 2020 as a result of the pandemic and its negative impact to the company's stock price. Other Expense Total other expense increased $0.1 million to $1.3 million in the first quarter of 2021, compared to $1.2 million in the first quarter of 2020. The increase in other expense was primarily attributed to reduced interest income received in the first quarter of 2021. Net Income (Loss) Net loss totaled $0.2 million, or $(0.01) per share, in the first quarter of 2021, compared to net income of $0.4 million, or $0.02 per share, in the same period in 2020. The decrease was primarily attributed to the decrease in operating income, which was primarily driven by the increases in operations and maintenance and general and administrative expenses, partially offset by increases in water, wastewater, and recycled water services revenue. Adjusted EBITDA Adjusted EBITDA decreased $0.5 million, or 12.7%, to $3.6 million in the first quarter of 2021, compared to $4.1 million for the same period in 2020. The decrease was due to increased operating expenses, which was partially offset by an increase in revenue from organic connection growth, increased consumption, and higher rates (see definition of Adjusted EBITDA, a non-GAAP term, and its reconciliation to GAAP, below). Capital Resources Cash and cash equivalents totaled $18.2 million at March 31, 2021, as compared to $18.0 million at December 31, 2020. The increase was primarily due to cash generated from operating activities. As of March 31, 2021, the company has no notable near-term cash expenditures, other than the first principal payment on its debt obligation in the amount of $1.9 million due in December 2021. Subsequent to the end of the first quarter of 2021, the company extended the maturity date for its three-year revolving $10 million credit line from April 30, 2022 to April 30, 2024. The full amount under this credit line remains available to-date. Dividend Policy The company recently declared a monthly cash dividend of $0.02434 per common share (or $0.29208 per share on an annualized basis), which will be payable on May 28, 2021 to holders of record at the close of business on May 14, 2021. Business StrategyGlobal Water's near-term growth strategy involves increasing service connections, improving operating efficiencies, and increasing utility rates as approved by the Arizona Corporation Commission. The company will also continue to aggregate water and wastewater utilities, allowing the company and its customers to realize the benefits of consolidation, regionalization, and environmental stewardship. Connection Rates As of March 31, 2021, active service connections increased by 3,935, or 8.5%, to 50,162, compared to 46,227 at March 31, 2020. The increase in active service connections was primarily due to growth in the company's service areas. As of March 31, 2021, the vacancy rate was 0.5%. Arizona’s Growth Corridor: Positive Population Trends The Metropolitan Phoenix area is steadily growing due to low-cost housing, excellent weather, large and growing universities, a diverse employment base, and business friendly environment. The area's population has increased throughout 2019 and 2020, and it continues to grow. The Employment and Population Statistics Department of the State of Arizona predicts that Phoenix Metro will have a population of 5.7 million by 2030 and reach 6.5 million by 2040. The company sees this strong growth outlook as an opportunity to increase active service connections and grow revenues. Conference CallGlobal Water Resources will hold a conference call to discuss its first quarter 2021 results tomorrow, followed by a question and answer period. Date: Thursday, May 6, 2021Time: 1:00 p.m. Eastern time (10:00 a.m. Pacific time)Toll-free dial-in number: 1-855-327-6837International dial-in number: 1-631-891-4304Conference ID: 10013969 The conference call will be webcast live and available for replay here as well as via a link in the Investors section of the company’s website at www.gwresources.com. Please call the conference telephone number five minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact CMA at 1-949-432-7566. A replay of the call will be available after 4:00 p.m. Eastern time on the same day through May 20, 2021. Toll-free replay number: 1-844-512-2921International replay number: 1-412-317-6671Replay ID: 10013969 About Global Water Resources Global Water Resources, Inc. is a leading water resource management company that owns and operates 16 utilities which provide water, wastewater, and recycled water services. The company’s service areas are located primarily in growth corridors around metropolitan Phoenix. Global Water recycles nearly 1 billion gallons of water annually. The company has been recognized for its highly effective implementation of Total Water Management (TWM). TWM is an integrated approach to managing the entire water cycle by owning and operating water, wastewater, and recycled water utilities within the same geographic area in order to maximize the beneficial use of recycled water. TWM includes additional smart water management programs such as remote metering infrastructure and other advanced technologies, rate designs, and incentives that result in real conservation. TWM helps protect water supplies in water-scarce areas experiencing population growth. To learn more, visit www.gwresources.com. Cautionary Statement Regarding Non-GAAP Measures This press release contains certain financial measures that are not recognized measures under accounting principles generally accepted in the United States of America (“GAAP”), including EBITDA, and Adjusted EBITDA. EBITDA is defined for the purposes of this press release as net income before interest, income taxes, depreciation, and amortization. Adjusted EBITDA is defined as EBITDA excluding the gain or loss related to (i) nonrecurring events; (ii) option expense related to awards made to the board of directors and management; and (iii) restricted stock expense related to awards made to executive officers. Management believes that EBITDA and Adjusted EBITDA are useful supplemental measures of our operating performance and provide our investors meaningful measures of overall corporate performance exclusive of our capital structure and the method and timing of certain expenditures. EBITDA is also presented because management believes that it is frequently used by investment analysts, investors, and other interested parties as a measure of financial performance. Adjusted EBITDA is also presented because management believes that this measure provides our investors measures of our recurring core business. However, non-GAAP measures do not have a standardized meaning prescribed by GAAP, and investors are cautioned that non-GAAP measures, such as EBITDA and Adjusted EBITDA, should not be construed as an alternative to net income or loss or other income statement data (which are determined in accordance with GAAP) as an indicator of our performance or as a measure of liquidity and cash flows. Management's method of calculating EBITDA and Adjusted EBITDA may differ materially from the method used by other companies and accordingly, may not be comparable to similarly titled measures used by other companies. A reconciliation of EBITDA and Adjusted EBITDA to net income, the most comparable GAAP measure, is included in the schedules attached to this press release. Cautionary Note Regarding Forward-Looking Statements This press release includes certain forward-looking statements which reflect the company's expectations regarding future events. The forward-looking statements involve a number of assumptions, risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in the forward-looking statements. These forward-looking statements include, but are not limited to, statements concerning future net income growth, our strategy, acquisition plans and our ability to complete additional acquisitions, our dividend policy, trends relating to population growth, active service connections, regulated revenue, the development of residential and commercial properties within our service areas, the anticipated impacts from the COVID-19 pandemic on the company, including to our business operations, results of operations, cash flows, and financial position, and our future responses to the COVID-19 pandemic, the success of our rate application and the timing of any resulting phase-in of new rates, and other statements that are not historical facts as well as statements identified by words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates", or the negative of these terms, or other words of similar meaning. These statements are based on our current beliefs or expectations and are inherently subject to a number of risks, uncertainties, and assumptions, most of which are difficult to predict and many of which are beyond our control. Actual results may differ materially from these expectations due to changes in political, economic, business, market, regulatory, and other factors, including the duration and severity of the COVID-19 pandemic and the actions to contain the virus or treat its impact, such as the efficacy of vaccines (particularly with respect to emerging strains of the virus). Accordingly, investors are cautioned not to place undue reliance on any forward-looking statements, which reflect management’s views as of the date hereof. Factors that may affect future results are disclosed under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our filings with the Securities and Exchange Commission (the "SEC"), which are available at the SEC's website at www.sec.gov. This includes, but is not limited to, our Annual Report on Form 10-K for the year ended December 31, 2020, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, and subsequent filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, except as required by law, whether as a result of new information, future developments or otherwise. Company Contact:Michael J. Liebman SVP and CFOTel (480) 999-5104 email@example.com Investor Relations:Ron Both or Grant StudeCMA Investor Relations Tel (949) 432-7566GWRS@cma.team GLOBAL WATER RESOURCES, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited, in thousands, except share and per share amounts) March 31, 2021 December 31, 2020ASSETS PROPERTY, PLANT AND EQUIPMENT: Property, plant and equipment$345,897 $340,193 Less accumulated depreciation(103,624) (101,302) Net property, plant and equipment242,273 238,891 CURRENT ASSETS: Cash and cash equivalents18,209 18,033 Accounts receivable — net1,735 2,147 Customer payments in-transit155 306 Unbilled revenue2,499 2,304 Prepaid expenses and other current assets694 665 Total current assets23,292 23,455 OTHER ASSETS: Goodwill4,591 4,600 Intangible assets — net11,185 11,185 Regulatory asset2,086 2,036 Restricted cash3,934 3,272 Other noncurrent assets9 — Total other assets21,805 21,102 TOTAL ASSETS287,370 283,448 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable533 531 Accrued expenses10,131 8,261 Deferred revenue2 4 Customer and meter deposits1,564 1,558 Long-term debt and capital leases — current portion2,032 2,035 Total current liabilities14,262 12,389 NONCURRENT LIABILITIES: Long-term debt and capital leases112,641 112,659 Deferred revenue - ICFA18,121 17,843 Regulatory liability8,002 7,986 Advances in aid of construction80,025 76,384 Contributions in aid of construction — net14,488 14,632 Deferred income tax liabilities — net3,574 3,652 Acquisition liability1,773 1,773 Other noncurrent liabilities3,892 3,942 Total noncurrent liabilities242,516 238,871 Total liabilities256,778 251,260 Commitments and contingencies SHAREHOLDERS' EQUITY: Common stock, $0.01 par value, 60,000,000 shares authorized; 22,691,105 and 22,690,477 shares issued as of March 31, 2021 and December 31, 2020, respectively.227 227 Treasury stock, 103,109 and 102,711 shares at March 31, 2021 and December 31, 2020, respectively.(1) (1) Paid in capital30,366 31,962 Retained earnings— — Total shareholders' equity30,592 32,188 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY$287,370 $283,448 GLOBAL WATER RESOURCES, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited, in thousands, except share and per share amounts) Three Months Ended March 31, 2021 2020REVENUES: Water services$3,986 $3,388 Wastewater and recycled water services5,243 4,823 Unregulated revenues29 19 Total revenues9,258 8,230 OPERATING EXPENSES: Operations and maintenance2,499 2,232 General and administrative3,490 2,088 Depreciation and amortization2,226 2,113 Total operating expenses8,215 6,433 OPERATING INCOME1,043 1,797 OTHER INCOME (EXPENSE): Interest income5 52 Interest expense(1,325) (1,338) Other15 49 Total other expense(1,305) (1,237) INCOME (LOSS) BEFORE INCOME TAXES(262) 560 INCOME TAX BENEFIT (EXPENSE)45 (206) NET INCOME (LOSS)$(217) $354 Basic earnings (loss) per common share$(0.01) $0.02 Diluted earnings (loss) per common share$(0.01) $0.02 Dividends declared per common share$0.07 $0.07 Weighted average number of common shares used in the determination of: Basic22,587,766 22,333,425 Diluted22,587,766 22,391,930 GLOBAL WATER RESOURCES, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited, in thousands) Three Months Ended March 31, 2021 2020CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss)$(217) $354 Adjustments to reconcile net income to net cash provided by operating activities: Deferred compensation775 (582) Depreciation and amortization2,226 2,113 Amortization of deferred debt issuance costs and discounts11 14 Other (gains) and losses— 2 Provision for doubtful accounts receivable42 40 Deferred income tax (benefit) expense(79) 210 Changes in assets and liabilities Accounts receivable370 (111) Other current assets(74) 21 Accounts payable and other current liabilities798 587 Other noncurrent assets(50) 20 Other noncurrent liabilities999 502 Net cash provided by operating activities4,801 3,170 CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures(3,269) (3,525) Other cash flows from investing activities— (9) Net cash used in investing activities(3,269) (3,534) CASH FLOWS FROM FINANCING ACTIVITIES: Dividends paid(1,650) (1,629) Advances in aid of construction987 280 Principal payments under capital lease(31) (26) Loan repayments— (17) Proceeds from sale of stock— 11,739 Debt issuance costs paid— — Payments of offering costs for sale of stock— (218) Net cash (used) provided by financing activities(694) 10,129 INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH838 9,765 CASH, CASH EQUIVALENTS, AND RESTRICTED CASH — Beginning of period21,305 9,095 CASH, CASH EQUIVALENTS, AND RESTRICTED CASH – End of period$22,143 $18,860 Supplemental disclosure of cash flow information: March 31, 2021 March 31, 2020Cash and cash equivalents$18,209 $17,137 Restricted Cash3,934 1,723 Total cash, cash equivalents, and restricted cash$22,143 $18,860 A reconciliation of net income to EBITDA and Adjusted EBITDA for the three months ended March 31, 2021 and 2020 is as follows (in thousands): Three Months Ended March 31, 2021 2020Net Income (Loss) $(217) $354 Income tax benefit (expense) (45) 206 Interest income (5) (52) Interest expense 1,325 1,338 Depreciation and amortization 2,226 2,113 EBITDA 3,284 3,959 Management option expense 112 115 Restricted stock expense 159 — EBITDA adjustments 271 115 Adjusted EBITDA $3,555 $4,074
Samsung Electronics Co., Ltd., a world leader in advanced semiconductor technology, today announced the immediate availability of its next-generation 2.5D packaging technology Interposer-Cube4 (I-Cube4), leading the evolution of chip packaging technology once again.
Washington, May 6 (PTI) Top US lawmakers have applauded India's decision to not allow Chinese telecom companies to conduct 5G trials in the country.
Amid mounting pressure over Australia’s hardline approach, PM says he’s ‘very confident’ repatriation flights will be restored after Covid travel ban expires ‘Rejected and betrayed’: Australians stranded in India speak of heartbreak Health workers carry the body of a person who has died from Covid-19 in New Delhi, India. About 900 of the 9,000 Australians stranded in India are considered vulnerable. Australia has banned all repatriation flights from India until after 15 May. Photograph: Naveen Sharma/Sopa Images/Rex/Shutterstock Scott Morrison has confirmed repatriation flights from India will not resume until after 15 May, but the prime minister says there is capacity for medevacs from the country in emergencies. Ahead of a meeting of the national security committee of cabinet on Thursday afternoon, the prime minister said he would not make any commitment to a date when repatriation flights from India would resume, but he said he was “very confident” flights would be restored after the travel ban expires on 15 May. About 900 of the 9,000 Australians stranded in India are considered vulnerable, but the government has been signalling this week that any Australians being repatriated will have to first test negative to two tests – both a Covid-19 polymerase chain reaction (PCR) test result and a rapid antigen test. On Monday, the immigration minister, Alex Hawke, confirmed that travellers will “need two separate negative tests to get on a plane”. Amid mounting pressure over its hardline approach, including from within Coalition ranks, members of the Indian community have called on the government to urgently evacuate vulnerable Australians amid the country’s worsening Covid crisis. The founder of Sikh charity Turbans 4 Australia, Amar Singh, told Guardian Australia earlier this week he would be calling for urgent government action. “People will die. There is no other way. If you are in India now and have to be taken to hospital, there is no oxygen, there are no beds,” Singh told Guardian Australia. Morrison has also been blasted by Michael Slater, the former cricketer and now sports commentator. Slater declared after the travel ban was imposed Morrison would have “blood on his hands”. Slater has continued to excoriate Morrison on social media. “Amazing to smoke out the PM on a matter that is a human crisis. The panic, the fear of every Australian in India is real!! How about you take your private jet and come and witness dead bodies on the street!” Government frontbencher David Littleproud declared on Thursday morning Slater was acting like a “spoiled brat” and needed to “get over himself”. Morrison said he had not had a direct conversation with the former test cricketer because he was busy managing the pandemic, but he understood why Slater had “deep feelings” for the people of India and disagreed with his decision. Morrison told 3AW in Melbourne on Thursday while repatriation flights were unlikely to resume before mid-month, “there is the capability for medevacs” because exemptions were built into the biosecurity order creating the travel ban. That ban is currently subject to legal challenge, with a case hearing in the federal court on Thursday morning. Morrison declined to comment on the basis it was before the court. The first two grounds of the challenge will be heard substantively on Monday. The prime minister said medical evacuations were always possible. “Those arrangements are always in place when we have situations like this, but we don’t have any of those cases. “Barry O’Farrell is the high commissioner [in India] and he monitors all this very carefully and if there are serious issues we manage those through the high commissioner and our consular offices – that is not a new arrangement.” But when asked by the ABC on Wednesday how many Australians were currently in Indian hospitals with Covid-19, O’Farrell said he didn’t know. “We do not collect those figures”. O’Farrell says the high commission asked “those who are affected by Covid to let us know, to register with us, and to make sure that we know they are getting the assistance that they deserve”. The high commissioner said there had only been a couple of contacts thus far. Morrison will convene the national security cabinet on Thursday afternoon before meeting premiers and chief ministers on Friday. The prime minister told 3AW the “pause” in travel from India was working. “It was the right decision for Australia’s health and safety, but it was also the right decision to ensure we can sustainably and safely bring Australian citizens, residents and their direct families back from India.” He said once returns from India started, people would spend their quarantine in the Howard Springs facility in the Northern Territory. Morrison signalled it was possible some would be quarantined in New South Wales. Asked by broadcaster Neil Mitchell whether it had been a mistake to highlight penalties for breaching the travel ban, which include fines and potential jail sentences, Morrison claimed the government hadn’t “accentuated that point”. The prime minister blamed the media. “It was picked up on in the media and they have highlighted that,” he said. Penalties accompanying any breach of the travel order were highlighted in the first report of the likely travel ban by the Nine Network last Friday night. But the penalties were also highlighted in a media release from Hunt issued shortly after midnight last Friday, which stated clearly in the fourth paragraph: “Failure to comply with an emergency determination under the Biosecurity Act 2015 may incur a civil penalty of 300 penalty units, five years’ imprisonment, or both.”
Google says it expects about 20% of ifs workforce to still work remotely after its offices reopen this fall, while some 60% will work a hybrid schedule that includes about three days in the office and two days “wherever they work best.” The remaining 20% can change their location to a different Google office. “The future of work is flexibility,” CEO Sundar Pichai wrote in an email to employees that was also posted on Google’s website.
The highway patrol report did not say whether the Tesla was operating on Autopilot, its semi-autonomous driving system, when the crash occurred at about 2:40 a.m. Wednesday. The 50-year-old truck driver and the 30-year-old motorist who stopped to help him both sustained major injuries, the police report said. The 35-year-old man driving the Tesla was not identified in the report.
Bengaluru (Karnataka) [India], May 6 (ANI): The Karnataka High Court has directed the Centre to immediately increase the cap on allocation of liquid medical oxygen (LMO) to the state of Karnataka to 1200 MT per day amid the COVID-19 crisis.
CALGARY, Alberta, May 05, 2021 (GLOBE NEWSWIRE) -- Badger Infrastructure Solutions Ltd. (formerly Badger Daylighting Ltd) (“Badger” or “the Company”) announced that all of the motions put forward at its annual and special meeting of shareholders held on May 5, 2021 (the “Meeting”) were approved by shareholders. Pursuant to the requirements of the Toronto Stock Exchange, the Company is issuing this news release to summarize the voting results in respect of the Meeting. A total of 28,985,741 common shares of the Company, representing approximately 83.16% of the outstanding common shares, were represented in person or by proxy at the Meeting. The nine director nominees proposed by management were elected by ballot at the Meeting. Proxies and in person votes were received as follows: Votes For% Votes Withheld% Glen Roane27,846,20296.28%1,075,8103.72%Catherine Best28,075,64497.07%846,3682.93%Grant Billing27,236,09694.17%1,685,9165.83%David Bronicheski28,653,11899.07%268,8940.93%William Derwin28,765,06899.46%156,9440.54%Stephen Jones28,917,46299.98%4,5500.02%Mary Jordan28,602,32698.89%319,6861.11%William Lingard28,562,92498.76%359,0881.24%Paul Vanderberg28,915,68099.98%6,3320.02% Further, of the proxies and in person votes received 96.52% voted in favour of management’s approach to executive compensation (say on pay) as disclosed in the management proxy circular dated March 30, 2021. In addition, of the proxies and in person votes received 89.91% voted in favour of appointing Deloitte LLP as the Company’s auditors, 91.21% voted in favour of By-Law No.1 and 98.80% voted in favour of the name change from Badger Daylighting Ltd. to Badger Infrastructure Solutions Ltd. About Badger Infrastructure Solutions Ltd. Badger Infrastructure Solutions Ltd. (TSX:BAD) is North America’s largest provider of non-destructive excavating services. Badger works for contractors and facility owners in a broad range of infrastructure industries. These market segments consist primarily of infrastructure projects in areas such as energy generation, electricity and natural gas transmission networks, roads and highways, telecommunications, water and sewage treatment and general municipal infrastructure. Customers in these segments typically operate near high concentrations of underground power, communication, water, gas and sewer lines, particularly in large urban centres where safety and economic risks are high and therefore non-destructive excavation provides a safe alternative for certain customer excavation requirements. The Company’s key technology is the Badger Hydrovac™, which is used primarily for safe excavation around critical infrastructure and in congested underground conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank. Badger manufactures and designs its truck-mounted hydrovac units, giving Badger the opportunity to incorporate feedback from its hydrovac operators into its existing and future design and manufacturing processes. For further information:Paul Vanderberg, President and CEO Darren Yaworsky, Vice President, Finance and CFOPramod Bhatia, Vice President, Strategic Planning and Investor Relations Badger Infrastructure Solutions Ltd.ATCO Centre IISuite 400, 919 - 11th Avenue SWCalgary, Alberta T2R 1P3Telephone (403) 264-8500Fax (403) 228-9773 Source: Badger Infrastructure Solutions Ltd.
Couple had broken up after he gave her the final rose following news of her attending antebellum sorority party in college.
Hyperion Metals Limited (ASX: HYM) ("Hyperion" or "the Company") is pleased to provide an update on the progress of the Company’s bulk test work and Phase 3 drilling program from its Titan critical mineral project ("Titan Project"), in Tennessee, USA.
American Tower Corporation (NYSE: AMT) today announced the pricing of its registered public offering of 9,000,000 shares of common stock at $244.75 per share. The offering was upsized from the previously announced offering size of 8,500,000 shares. The underwriters of the offering have an option to purchase up to an additional 900,000 shares of common stock to cover over-allotments, if any. The net proceeds of the offering are expected to be approximately $2,147.1 million (or approximately $2,361.8 million if the underwriters exercise their option to purchase additional shares in full) after deducting underwriting discounts and estimated offering expenses. American Tower expects to use the net proceeds from this offering, together with cash on hand and borrowings under its revolving credit facilities and term loans, to finance the recently announced Telxius transaction and to pay related fees and expenses. If for any reason the Telxius transaction is not completed, American Tower expects to use the net proceeds from these offerings to repay existing indebtedness and for general corporate purposes.
Judith Collins’ comments on Māori health policy are a diversion . National leader’s warning about greater Māori self-governance are designed to deflect from her unpopularity