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* Says God ordained his electoral mandate Adibe Emenyonu in Benin City President of the Senate, Senator Godswill Akpabio, yesterday, said the Edo State governor, Monday Okpebholo’s one month in office had “so far renewed the hope of Edo people and given them a clear insight into the determination and preparedness of the present administration to bring development and progress to the state”. Akpabio described the mandate of the governor as “divinely ordained by God to bring respite and development to the state”. A statement by Chief Press Secretary to Okpebholo, Fred Itua, said Akpabio made the remarks at the weekend, when he received the governor at his residence in Uyo, Akwa Ibom State. Ascribing Okpebholo’s electoral victory to God, Akpabio said God had chosen him at this time to rewrite the history of Edo State and place it on the path of development. The statement quoted Akpabio as saying, “Your excellency, every leadership comes from God, and God chooses whom He pleases. It pleases Him at this time to choose you and the APC to lead Edo people at a time like this. “You are a man of few words but full of action. Edo people have not misplaced their votes in choosing you. You have the heart of the common man, and I am confident that your leadership will bring development and transformation to your state.” While thanking Edo people for choosing the All Progressives Congress (APC) in the September governorship election, Akpabio said aligning the state with the government at the centre portended many positives for the state and the South-south, stressing that the zone is now stronger as a negotiating voice at the federal level. The senate president said, “Edo State is one of the states in the South-south, before Niger Delta, and this is predominantly a minority area in Nigeria. There is always a need to link up with the federal government to be able to contribute our quota to nation building. “Through the providence of God, most of the resources that have kept the country going for decades come from this area, but in terms of representation at the national level, we are always found wanting, except for the period that circumstances brought us Dr Goodluck Jonathan. “Under the APC administration, many of us decided there was need for us to change the political basket to enable us represent our people at the national level and also have a say in what was going on in the country. “So, when I made that strong movement to the APC, it was to move our people in the South-south region to the centre.” Okpebholo said he was in Akwa Ibom to share ideas with Akpabio and tap from his wealth of experience. “Seeing the development in Akwa Ibom, I have come to learn from my leader, seek his advice, and draw from his wealth of experience. He has graciously advised me,” he said.The latest development came hours after thousands of his supporters, defying government warnings, broke through a barrier of shipping containers blocking off Islamabad and entered a high-security zone, where they clashed with security forces, facing tear gas shelling, mass detentions and gunfire. Tension has been high in Islamabad since Sunday when supporters of the former PM began a “long march” from the restive north-west to demand his release. Khan has been in a prison for more than a year and faces more than 150 criminal cases that his party says are politically motivated. Khan’s wife, Bushra Bibi, led the protest, but she fled as police pushed back against demonstrators. Hundreds of Khan’s supporters are being arrested in the ongoing night-time operation. Interior minister Mohsin Naqvi told reporters that the Red Zone, which houses government buildings and embassies, and the surrounding areas have been cleared. Leaders from Khan’s Pakistan Tehreek-e-Insaf party, or PTI, have also fled the protest site. Earlier on Tuesday, Pakistan’s army took control of D-Chowk, a large square in the Red Zone, where visiting Belarusian President Alexander Lukashenko is staying. Since Monday, Mr Naqvi had threatened that security forces would use live fire if protesters fired weapons at them. “We have now authorised the police to respond as necessary,” Mr Naqvi said Tuesday while visiting the square. Before the operation began, protester Shahzor Ali said people had taken to the streets because Khan had called for them. “We will stay here until Khan joins us. He will decide what to do next,” Mr Ali said. Protester Fareeda Bibi, who is not related to Khan’s wife, said people have suffered greatly for the last two years. “We have really suffered for the last two years, whether it is economically, politically or socially. We have been ruined. I have not seen such a Pakistan in my life,” she said. Authorities have struggled to contain the protest-related violence. Six people, including four members of the security services, were killed when a vehicle rammed them on a street overnight into Tuesday. A police officer died in a separate incident. Dozens of Khan supporters beat a videographer covering the protest for the Associated Press and took his camera. He sustained head injuries and was treated in hospital. By Tuesday afternoon, fresh waves of protesters made their way unopposed to their final destination in the Red Zone. Mr Naqvi said Khan’s party had rejected a government offer to rally on the outskirts of the city. Information minister Atta Tarar warned there would be a severe government reaction to the violence. The government says only the courts can order Khan’s release. He was ousted in 2022 through a no-confidence vote in Parliament. In a bid to foil the unrest, police have arrested more than 4,000 Khan supporters since Friday and suspended mobile and internet services in some parts of the country. Messaging platforms were also experiencing severe disruption in the capital. Khan’s party relies heavily on social media and uses messaging platforms such as WhatsApp to share information, including details of events. The X platform, which is banned in Pakistan, is no longer accessible, even with a VPN. Last Thursday, a court prohibited rallies in the capital and Mr Naqvi said anyone violating the ban would be arrested. Travel between Islamabad and other cities has become nearly impossible because of shipping containers blocking the roads. All education institutions remain closed.
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The latest development came hours after thousands of his supporters, defying government warnings, broke through a barrier of shipping containers blocking off Islamabad and entered a high-security zone, where they clashed with security forces, facing tear gas shelling, mass detentions and gunfire. Tension has been high in Islamabad since Sunday when supporters of the former PM began a “long march” from the restive north-west to demand his release. Khan has been in a prison for more than a year and faces more than 150 criminal cases that his party says are politically motivated. Khan’s wife, Bushra Bibi, led the protest, but she fled as police pushed back against demonstrators. Hundreds of Khan’s supporters are being arrested in the ongoing night-time operation. Interior minister Mohsin Naqvi told reporters that the Red Zone, which houses government buildings and embassies, and the surrounding areas have been cleared. Leaders from Khan’s Pakistan Tehreek-e-Insaf party, or PTI, have also fled the protest site. Earlier on Tuesday, Pakistan’s army took control of D-Chowk, a large square in the Red Zone, where visiting Belarusian President Alexander Lukashenko is staying. Since Monday, Mr Naqvi had threatened that security forces would use live fire if protesters fired weapons at them. “We have now authorised the police to respond as necessary,” Mr Naqvi said Tuesday while visiting the square. Before the operation began, protester Shahzor Ali said people had taken to the streets because Khan had called for them. “We will stay here until Khan joins us. He will decide what to do next,” Mr Ali said. Protester Fareeda Bibi, who is not related to Khan’s wife, said people have suffered greatly for the last two years. “We have really suffered for the last two years, whether it is economically, politically or socially. We have been ruined. I have not seen such a Pakistan in my life,” she said. Authorities have struggled to contain the protest-related violence. Six people, including four members of the security services, were killed when a vehicle rammed them on a street overnight into Tuesday. A police officer died in a separate incident. Dozens of Khan supporters beat a videographer covering the protest for the Associated Press and took his camera. He sustained head injuries and was treated in hospital. By Tuesday afternoon, fresh waves of protesters made their way unopposed to their final destination in the Red Zone. Mr Naqvi said Khan’s party had rejected a government offer to rally on the outskirts of the city. Information minister Atta Tarar warned there would be a severe government reaction to the violence. The government says only the courts can order Khan’s release. He was ousted in 2022 through a no-confidence vote in Parliament. In a bid to foil the unrest, police have arrested more than 4,000 Khan supporters since Friday and suspended mobile and internet services in some parts of the country. Messaging platforms were also experiencing severe disruption in the capital. Khan’s party relies heavily on social media and uses messaging platforms such as WhatsApp to share information, including details of events. The X platform, which is banned in Pakistan, is no longer accessible, even with a VPN. Last Thursday, a court prohibited rallies in the capital and Mr Naqvi said anyone violating the ban would be arrested. Travel between Islamabad and other cities has become nearly impossible because of shipping containers blocking the roads. All education institutions remain closed.Partnering with hummel and Northwell Health, the new kit honors the club's iconic local roots. WESTCHESTER COUNTY, N.Y. , Nov. 26, 2024 /PRNewswire/ -- The Westchester Soccer Club (WSC) – the first homegrown professional sports club to call New York's most populous suburb home – debuted the team's inaugural home kit last week at an event with Northwell Health, its front of kit sponsor and official health partner. See images of the new kit here and the video reveal. Through an exciting partnership with hummel, a leading global sportswear brand, and with sponsorship from Northwell Health, the home kit builds on the excitement of WSC's iconic homegrown brand unveiled earlier this summer. The White, Gold, and Blue "Zee" Kit represents the next step in WSC's campaign to deepen community engagement as it prepares for the 2025 season in the United Soccer League One (USL). Earlier this year, USL announced that Westchester County, N.Y. has been granted the rights to a USL League One franchise, with WSC to kick off in 2025 as the host of home matches at the newly renovated Memorial Field in Mount Vernon, N.Y. "Our new kits proudly showcase the defining spirit of our community. At its core, the jersey is a celebration of our heritage, with the "Infinity W" mark (found in our badge and side-striping) and the Tappan Zee Bridge representing the connection between our players, fans, and our hometown communities," said Mitch Baruchowitz, majority owner of WSC. "Northwell Health is very proud to be the front-of-kit sponsor and official health partner of Westchester Soccer Club. This partnership reflects our shared commitment to fostering a healthier, more connected community," said Dr. Debbie Salas-Lopez of Northwell Health. "The new jerseys symbolize the strength of this collaboration, and we are excited to stand alongside WSC in uniting and inspiring Westchester through the power of soccer." Designed with the vibrant spirit of the NY suburban landscape in mind, the jerseys embody the pride and identity of WSC as a uniter of families and communities in the greater Westchester Region. The distinctive home kits resonate with the club's unique identity and aim to bring fans together and feature one of the region's iconic landmarks. In addition to the introduction of the new kits, WSC is also excited to announce the availability of season ticket deposits for the upcoming League One season. A deposit includes exclusive access to club information, announcements, invitations to events and more, providing fans the opportunity to secure their seats for an exciting season ahead, further solidifying their connection to the club. The new jerseys, and other items in a brand-new line of merchandise, are now available online at WSC's website for ensuring that fans can proudly display their support for the club ahead of the season. For more information about the new jerseys, season ticket options, and upcoming events, please visit: https://www.westchestersc.com/ . About Westchester Soccer Club Westchester Soccer Club, Westchester's first homegrown professional sports team, will join USL One in the 2025 season. The club is dedicated to celebrating the region's profound love for soccer through exciting game experiences and community-focused events. With a strong commitment to nurturing local talent, WSC aims to build a world-class developmental pipeline for both boys and girls in Westchester. For more information and updates, follow WSC on social media: Twitter/X: @westchestersc • Instagram: @westchestersc • Facebook: @westchestersc Sign up for email updates at www.westchestersc.com Media Contact: Josh Vlasto josh@joshvlasto.com View original content to download multimedia: https://www.prnewswire.com/news-releases/westchester-soccer-club-debuts-new-home-kit-to-kick-off-upcoming-season-302317028.html SOURCE Westchester Soccer Club
NoneThe Cincinnati Bengals kept their slim playoff hopes alive, but they lost starting running back Chase Brown to an ankle injury in Saturday's 30-24 overtime victory over the visiting Denver Broncos. Brown's injury happened with the Bengals driving late in the fourth quarter of a tie game but trying to run the clock down in anticipation of a go-ahead score. He ran 5 yards but hurt himself when he intentionally slid at the 1-yard line in an attempt to keep the clock moving. After his injury stopped the clock, Joe Burrow ran it in for a score on the next play with 1:29 left in the game. The Broncos then scored the tying touchdown with eight seconds to play, and Khalil Herbert took Brown's place in the backfield. Bengals head coach Zac Taylor told reporters after the win that Brown, who totaled 91 offensive yards, had sprained his right ankle. The second-year back rushed for 67 yards on 20 carries and caught four passes for 24 yards. Cincinnati's fifth-round pick in 2023, the 24-year-old Brown was sharing running back duties with Zack Moss this season until Moss went down with a neck injury in the eighth game of the season. In 16 games (10 starts) this season, Brown has 990 rushing yards and seven touchdowns along with 54 receptions for 360 yards and four scores. As a rookie behind Joe Mixon last season, Brown played in 12 games and finished with 179 rushing yards along with 14 catches for 156 yards and one score. --Field Level Media
Jim Harbaugh and Chargers focused on accomplishing more after wrapping up playoff berth Jim Harbaugh, Justin Herbert and the Los Angeles Chargers celebrated in the locker room Saturday after they wrapped up a playoff spot with a 40-7 victory over the New England Patriots . Joe Reedy, The Associated Press Dec 29, 2024 2:02 PM Dec 29, 2024 2:05 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Los Angeles Chargers quarterback Justin Herbert celebrates during the second half of an NFL football game , Saturday, Dec. 28, 2024, in Foxborough, Mass. (AP Photo/Robert F. Bukaty) Jim Harbaugh, Justin Herbert and the Los Angeles Chargers celebrated in the locker room Saturday after they wrapped up a playoff spot with a 40-7 victory over the New England Patriots . But even as they realized one goal by making the postseason, Harbaugh tried to keep things focused on the road ahead by stressing: “There's more to do.” The Chargers (10-6) go into the regular-season finale at Las Vegas knowing they will be at least the AFC's sixth seed and avoid a trip to Buffalo for the wild-card round. Los Angeles currently is in line to face Baltimore in a Harbaugh Bowl rematch, but it has an outside shot at the fifth seed and a trip to Houston if Cincinnati beats Pittsburgh next weekend. While Harbaugh credited his players for the turnaround from five wins last year to double-digit victories this season, Herbert gave most of it to Harbaugh and first-year general manager Joe Hortiz. “They have done such a great job of getting the right guys here. You look in the locker room and everybody plays for each other,” Herbert said. “(Harbaugh's) a competitor, and he wants to win no matter what it is. It definitely shows, and it’s the way everyone fights for him, wants to play for him, and respects him.” Harbaugh is the fifth coach in NFL history to win at least 10 games in his first season with two teams. He is also the eighth to make the playoffs in his first season with two teams. “Very little to do with me. If it goes right, then it’s our players. They’re doing a great job. It’s gone bad a couple times. That’s on me,” he said. “I’ve been drinking the Kool-Aid here from day one, I can’t give enough credit to Derwin James, Justin Herbert, and those two in particular. And Khalil Mack and Rashawn Slater. I mean, stalwarts. Brad Bozeman has come in. He’s been a stalwart. There’s a bunch. There’s probably, like — I counted it up early. There was maybe 15, 15 stalwarts that we had, and it’s grown since then.” Even though the Chargers are 3-5 against teams with winning records at the time they've played them, they are 7-1 against teams that were at or under .500. Four of those wins against opponents with losing records have come by at least 17 points, the first time since 2017 the Bolts have won that many games by as big a margin. Since halftime of their Dec. 19 game against Denver, the Chargers have outscored the Broncos and Patriots 61-13 over six quarters. “That’s the type of football we want to be playing in December, January, and hopefully on. That’s the type of football you want to be playing, especially in these big games like that. It was really good to see,” Herbert said. What’s working Offensive coordinator Greg Roman has said throughout the season it's tough to use the full playbook when the Chargers have short drives. They came into Saturday's game ranked 26th with only 23 possessions of at least 10 plays, but they had four against the Patriots, leading to three touchdowns and a field goal. It was the first time since Week 10 last season against Detroit they have had at least four drives of double-digit plays. What needs help Kickoff return coverage. The Chargers have allowed nine kick returns of at least 30 yards, eighth most in the league. New England's Alex Erickson had three returns for 90 yards, including 34 and 31 yards. Stock up RB J.K. Dobbins was activated off injured reserve and provided a boost to the offense with 76 yards on 19 carries and a touchdown. Dobbins, who missed four games due to a knee injury, has set career highs in scrimmage yards (983) and rushing yards (842) in his first season with the Chargers. Stock down WR D.J. Chark was targeted four times but didn't have a catch. Chark was signed during the offseason to provide experience and speed to a young receiver group. However, he missed the first half of the season with a hip injury and has played sparingly since his return. He has three receptions on the season. Injuries Three starters — RB Gus Edwards (ankle), LB Denzel Perryman (groin) and OG Trey Pipkins (hip) — were inactive. WR Joshua Palmer (heel) and DB Elijah Molden (shin) were injured in the second half. Key numbers 77 and 1,054 — Receptions and receiving yards by Ladd McConkey, both records for a Chargers rookie. 5 — Consecutive seasons by Herbert with at least 3,000 passing yards and 20 touchdown passes, tied with Peyton Manning and Russell Wilson for the most to start a career. 2 — Sacks by Derwin James Jr. against the Patriots, the first time in the safety's seven-year career he has had multiple sacks in a game. What’s next The Chargers go for their first season sweep of the Raiders since 2018 in the regular-season finale. ___ AP NFL: https://apnews.com/hub/NFL Joe Reedy, The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Get your daily Victoria news briefing Email Sign Up More Football (NFL) Giants topple Colts 45-33 to eliminate Indy from the playoff race Dec 29, 2024 1:52 PM Bills clinch the AFC's No. 2 seed with a 40-14 rout of the undisciplined Jets Dec 29, 2024 1:36 PM Brock Bowers sets NFL rookie records as the Raiders roll to a 25-10 victory over the Saints Dec 29, 2024 1:35 PM
J.K. Rowling: There Is No Such Thing as a Transgender KidCAMBRIDGE, Mass. , Nov. 26, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM ), the cybersecurity and cloud computing company that powers and protects business online, announced that the U.S. Bankruptcy Court for the District of Delaware has approved its bid to acquire select assets from Edgio, including certain customer contracts from Edgio's businesses in content delivery and security, and non-exclusive license rights to patents in Edgio's portfolio. The transaction does not include the acquisition of Edgio personnel, technology, or assets related to the Edgio network. The court approval follows Akamai submitting the winning bid for the select assets during Edgio's 363 bankruptcy auction on November 13, 2024 , as part of its filing for Chapter 11 bankruptcy relief. The court decision provides the necessary approval for the closing of the sale to proceed. When the transaction closes, several hundred net new Akamai customers will have a clear path and the necessary support to smoothly migrate to a best-in-class and reliable provider of the services they need prior to Edgio ceasing operations of its content delivery network. The customers will also have immediate access to the full portfolio of Akamai's cybersecurity and cloud computing services. "Akamai is offering Edgio customers a smooth, secure transition without impacting their business or that of their end users," said Adam Karon , Akamai's Chief Operating Officer and General Manager, Cloud Technology Group. "We have the capacity, capabilities, and experience to help Edgio customers easily migrate to Akamai, and we believe our track record with similar transactions gives us the expertise to help move them to Akamai as seamlessly as possible. We look forward to welcoming these new customers and giving them the opportunity to take advantage of Akamai's full range of security and cloud solutions, which run on the world's most distributed platform." For the fourth quarter of 2024, Akamai expects this transaction to add approximately $9 - $11 million in revenue. As part of its bid, Akamai agreed to pay certain costs for Edgio to operate its network during the transition and wind-down period until such time as Edgio ceases operation of its content delivery network in mid-January 2025 . Akamai expects those transition services costs to be approximately $15 - $17 million in the fourth quarter. Akamai anticipates the transaction to be dilutive to non-GAAP net income per diluted share by approximately $0.03 - $0.05 in the fourth quarter, inclusive of the transition service costs. For the full year 2025, Akamai anticipates this transaction will add approximately $80 - $100 million in revenue, approximately $25 - $30 million of transition service costs, and be accretive to non-GAAP net income per diluted share by approximately $0.15 - $0.20 . "We believe this transaction will create significant value for Akamai and our shareholders," said Ed McGowan , Akamai's Chief Financial Officer. "By integrating these customers onto our platform with its advantageous cost structure, we expect to improve profitability and unlock new growth opportunities. We're excited about the potential to cross-sell and up-sell our advanced security and cloud computing solutions to this expanded customer base." The transaction is expected to close in early December 2024 , subject to customary closing conditions for a transaction of this type. About Akamai Akamai is the cybersecurity and cloud computing company that powers and protects business online. Our market-leading security solutions, superior threat intelligence, and global operations team provide defense-in-depth to safeguard enterprise data and applications everywhere. Akamai's full-stack cloud computing solutions deliver performance and affordability on the world's most distributed platform. Global enterprises trust Akamai to provide the industry-leading reliability, scale, and expertise they need to grow their business with confidence. Learn more at akamai.com and akamai.com/blog , or follow Akamai Technologies on X and LinkedIn . Contacts Akamai Public Relations [email protected] Akamai Investor Relations [email protected] Akamai Statement Under the Private Securities Litigation Reform Act This press release contains statements that are not statements of historical fact and constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995, including, but not limited to, statements about: management's guidance regarding the expected impact of the transaction on Akamai, including its expected impact on revenue, non-GAAP net income per diluted share, capital expenditures, and new customer additions; the potential benefits of the transaction to Akamai, its customers and its shareholders; expectations regarding customer migration in connection with the transaction; expected transition services costs; the expected duration of Edgio's transition and wind-down period; and the expected closing date of the transaction. Each of the forward-looking statements is subject to change as a result of various important factors, many of which are beyond the company's control, including, but not limited to: the risk that the transaction may not be completed in a timely manner or at all; the parties' ability to satisfy closing conditions; the occurrence of any event, change or other circumstance that could give rise to the termination of the transaction agreements; Akamai being unable to achieve the anticipated benefits of the transaction; the risk that customer migration may be more difficult, time-consuming or costly than expected; the retention of key personnel during the transition period; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed transaction; effects of competition, including pricing pressure and changing business models; impact of macroeconomic trends, including economic uncertainty, turmoil in the financial services industry, the effects of inflation, rising and fluctuating interest rates, foreign currency exchange rate fluctuations, securities market volatility and monetary supply fluctuations; continuing supply chain and logistics costs, constraints, changes or disruptions; defects or disruptions in Akamai's products or IT systems, including cyber-attacks, data breaches or malware; changes to economic, political and regulatory conditions in the United States or internationally; and other factors that are discussed in the company's most recent Annual Report on Form 10-K, subsequent quarterly reports on Form 10-Q and other documents filed with the Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Akamai does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Use of Non-GAAP Financial Measures In addition to providing financial measurements based on generally accepted accounting principles in the United States of America (GAAP), Akamai provides additional financial metrics that are not prepared in accordance with GAAP (non-GAAP financial measures). Management uses non-GAAP financial measures, in addition to GAAP financial measures, to understand and compare operating results across accounting periods, for financial and operational decision making, for planning and forecasting purposes, to measure executive compensation and to evaluate Akamai's financial performance. The non-GAAP financial measure used in this release is non-GAAP net income per diluted share. Management believes that these non-GAAP financial measures reflect Akamai's ongoing business in a manner that allows for meaningful comparisons and analysis of trends in the business, as they facilitate comparison of financial results across accounting periods and to those of our peer companies. Management also believes that these non-GAAP financial measures enable investors to evaluate Akamai's operating results and future prospects in the same manner as management. These non-GAAP financial measures may exclude expenses and gains that may be unusual in nature, infrequent or not reflective of Akamai's ongoing operating results. The non-GAAP financial measures do not replace the presentation of Akamai's GAAP financial results and should only be used as a supplement to, not as a substitute for, Akamai's financial results presented in accordance with GAAP. In addition, the financial guidance contained in this press release that is provided on a non-GAAP basis cannot be reconciled to the closest GAAP measures without unreasonable effort because of the unpredictability of the amounts and timing of events affecting the items we exclude from non-GAAP measures. For example, stock-based compensation is unpredictable for Akamai's performance-based awards, which can fluctuate significantly based on current expectations of the future achievement of performance-based targets. Amortization of intangible assets, acquisition-related costs and restructuring costs are all impacted by the timing and size of potential future actions, which are difficult to predict. In addition, from time to time, Akamai excludes certain items that occur infrequently, which are also inherently difficult to predict and estimate. It is also difficult to predict the tax effect of the items we exclude and to estimate certain discrete tax items, such as the resolution of tax audits or changes to tax laws. As such, the costs that are being excluded from non-GAAP guidance are difficult to predict and a reconciliation or a range of results could lead to disclosure that would be imprecise or potentially misleading. Material changes to any one of the exclusions could have a significant effect on our guidance and future GAAP results. Akamai's definition of the non-GAAP measures used in this press release are outlined below: Non-GAAP net income per diluted share – Non-GAAP net income divided by weighted average diluted common shares outstanding. Diluted weighted average common shares outstanding are adjusted in non-GAAP per share calculations for the shares that would be delivered to Akamai pursuant to the note hedge transactions entered into in connection with the issuances of $1,265 million of convertible senior notes due 2029 and the issuances of $1,150 million of convertible senior notes due 2027 and 2025, respectively. Under GAAP, shares delivered under hedge transactions are not considered offsetting shares in the fully-diluted share calculation until they are delivered. However, Akamai would receive a benefit from the note hedge transactions and would not allow the dilution to occur, so management believes that adjusting for this benefit provides a meaningful view of operating performance. With respect to the convertible senior notes due in each of 2029, 2027 and 2025, unless Akamai's weighted average stock price is greater than $126.31 , $116.18 and $95.10 , respectively, the initial conversion prices, there will be no difference between GAAP and non-GAAP diluted weighted average common shares outstanding. Non-GAAP net income – GAAP net income adjusted for the following tax-affected items: amortization of acquired intangible assets; stock-based compensation; amortization of capitalized stock-based compensation; acquisition-related costs; restructuring charges; amortization of debt issuance costs; amortization of capitalized interest expense; certain gains and losses on investments; gains and losses from equity method investment; and other non-recurring or unusual items that may arise from time to time. The non-GAAP adjustments, and Akamai's basis for excluding them from non-GAAP financial measures, are outlined below: Amortization of acquired intangible assets – Akamai has incurred amortization of intangible assets, included in its GAAP financial statements, related to various acquisitions Akamai has made. The amount of an acquisition's purchase price allocated to intangible assets and term of its related amortization can vary significantly and is unique to each acquisition; therefore, Akamai excludes amortization of acquired intangible assets from its non-GAAP financial measures to provide investors with a consistent basis for comparing pre- and post-acquisition operating results. Stock-based compensation and amortization of capitalized stock-based compensation – Stock-based compensation is an important aspect of the compensation paid to Akamai's employees which includes long-term incentive plans to encourage retention, performance-based plans to encourage achievement of specified financial targets and also short-term incentive awards with a one year vest. The grant date fair value of the stock-based compensation awards varies based on the stock price at the time of grant, varying valuation methodologies, subjective assumptions and the variety of award types. This makes the comparison of Akamai's current financial results to previous and future periods difficult to interpret; therefore, Akamai believes it is useful to exclude stock-based compensation and amortization of capitalized stock-based compensation from its non-GAAP financial measures in order to highlight the performance of Akamai's core business and to be consistent with the way many investors evaluate its performance and compare its operating results to peer companies. Acquisition-related costs – Acquisition-related costs include transaction fees, advisory fees, due diligence costs and other direct costs associated with strategic activities, as well as certain additional compensation costs payable to employees acquired from the Linode acquisition if employed for a certain period of time. The additional compensation cost was initiated by and determined by the seller, and is in addition to normal levels of compensation, including retention programs, offered by Akamai. Acquisition-related costs are impacted by the timing and size of the acquisitions, and Akamai excludes acquisition-related costs from its non-GAAP financial measures to provide a useful comparison of operating results to prior periods and to peer companies because such amounts vary significantly based on the magnitude of the acquisition transactions and do not reflect Akamai's core operations. Restructuring charge – Akamai has incurred restructuring charges from programs that have significantly changed either the scope of the business undertaken by the Company or the manner in which that business is conducted. These charges include severance and related expenses for workforce reductions, impairments of long-lived assets that will no longer be used in operations (including acquired intangible assets, right-of-use assets, other facility-related property and equipment and internal-use software) and termination fees for any contracts canceled as part of these programs. Akamai excludes these items from its non-GAAP financial measures when evaluating its continuing business performance as such items vary significantly based on the magnitude of the restructuring action and do not reflect expected future operating expenses. In addition, these charges do not necessarily provide meaningful insight into the fundamentals of current or past operations of its business. Amortization of debt issuance costs and capitalized interest expense – Akamai has convertible senior notes outstanding that mature in 2029, 2027 and 2025. The issuance costs of the convertible senior notes are amortized to interest expense and are excluded from Akamai's non-GAAP results because management believes the non-cash amortization expense is not representative of ongoing operating performance. Gains and losses on investments – Akamai has recorded gains and losses from the disposition, changes to fair value and impairment of certain investments. Akamai believes excluding these amounts from its non-GAAP financial measures is useful to investors as the types of events giving rise to these gains and losses are not representative of Akamai's core business operations and ongoing operating performance. Gains and losses from equity method investment – Akamai records income or losses on its share of earnings and losses from its equity method investment, and any gains from returns of investments or impairments. Akamai excludes such income and losses because it does not have direct control over the operations of the investment and the related income and losses are not representative of its core business operations. Income tax effect of non-GAAP adjustments and certain discrete tax items – The non-GAAP adjustments described above are reported on a pre-tax basis. The income tax effect of non-GAAP adjustments is the difference between GAAP and non-GAAP income tax expense. Non-GAAP income tax expense is computed on non-GAAP pre-tax income (GAAP pre-tax income adjusted for non-GAAP adjustments) and excludes certain discrete tax items (such as the impact of intercompany sales of intellectual property related to acquisitions), if any. Akamai believes that applying the non-GAAP adjustments and their related income tax effect allows Akamai to highlight income attributable to its core operations. SOURCE Akamai Technologies, Inc.
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'Answers are needed': Concerns continue over drone sightings in Pa., NJMobile wallets that allow you to pay using your phone have been around for well more than a decade, and over those years they’ve grown in popularity, becoming a key part of consumers’ credit card usage. According to a "state of credit card report" for 2025 from credit bureau Experian, 53% of Americans in a survey say they use digital wallets more frequently than traditional payment methods. To further incentivize mobile wallet usage, some credit card issuers offer bonus rewards when you elect to pay that way. But those incentives can go beyond just higher reward rates. In fact, mobile wallets in some ways are becoming an essential part of activating and holding a credit card. For example, they can offer immediate access to your credit line, and they can be easier and safer than paying with a physical card. From a rewards perspective, it can make a lot of sense to reach for your phone now instead of your physical card. The Apple Card offers its highest reward rates when you use it through the Apple Pay mobile wallet. Same goes for the PayPal Cashback Mastercard® when you use it to make purchases via the PayPal digital wallet. The Kroger grocery store giant has a co-branded credit card that earns the most when you pay using an eligible digital wallet, and some major credit cards with quarterly rotating bonus categories have a history of incentivizing digital wallet use. But again, these days it's not just about the rewards. Mobile wallets like Apple Pay, Samsung Pay and PayPal can offer immediate access to your credit line while you wait for your physical card to arrive after approval. Indeed, most major issuers including Bank of America®, Capital One and Chase now offer instant virtual credit card numbers for eligible cards that can be used upon approval by adding them to a digital wallet. Additionally, many co-branded credit cards — those offered in partnership with another brand — commonly offer instant card access and can be used immediately on in-brand purchases. Credit cards typically take seven to 10 days to arrive after approval, so instant access to your credit line can be particularly useful if you need to make an urgent or unexpected purchase. Plus, they allow you to start spending toward a card’s sign-up bonus right away. As issuers push toward mobile payments, a growing number of merchants and businesses are similarly adopting the payment method. The percentage of U.S. businesses that used digital wallets increased to 62% in 2023, compared to 47% the previous year, according to a 2023 survey commissioned by the Federal Reserve Financial Services. Wider acceptance is potentially good news for the average American, who according to Experian has about four credit cards. While that won’t necessarily weigh down your wallet, it can be hard to manage multiple cards and rewards categories at once. Mobile wallets offer a more efficient way to store and organize all of your workhorse cards, while not having to carry around ones that you don't use often. They can also help you more easily monitor your spending and rewards, and some even track your orders' status and arrival time. Plus, paying with a digital wallet offers added security. That’s because it uses technology called tokenization when you pay, which masks your real credit card number and instead sends an encrypted "token" that’s unique to each payment. This is unlike swiping or dipping a physical card, during which your credit card number is more directly accessible. And again, because a mobile wallet doesn't require you to have your physical cards present, there's less chance of one falling out of your pocket or purse. More From NerdWallet Funto Omojola writes for NerdWallet. Email: fomojola@nerdwallet.com . The article Activating Your Credit Card? Don’t Skip the Mobile Wallet Step originally appeared on NerdWallet.
KINGSTON, Ont. — Felipe Forteza went from delivering hits to making kicks for the Laval Rouge et Or this season. The linebacker-turned-kicker showed a veteran's poise with his boot on Saturday, kicking a Vanier Cup record six field goals to lift Laval to a 22-17 win over the Wilfrid Laurier Golden Hawks at Richardson Stadium. "The defence did its job and the offence put me in the right position to do it," said Forteza, who was named game MVP. "So I'm stoked." Quarterback Arnaud Desjardins was 34 of 42 for 320 passing yards to help the Rouge et Or win their second Vanier Cup in three years and record 12th overall. It was the first loss of the year for the Golden Hawks, who last won a Canadian university football title in 2005. Laval set the early tone with some big defensive plays and Desjardins was in fine early form, completing his first 22 pass attempts. Forteza split the uprights five times in the first half as Laval took a 17-7 lead into the intermission. Forteza broke the record with his sixth field goal with 2:31 remaining. His only miss was a 32-yard attempt in the final minute. The Golden Hawks ran the ball out of the end zone but didn't threaten again. "We didn't score touchdowns but we moved the ball very well," said Laval coach Glen Constantin. "We flipped the field on these guys." Forteza did some part-time kicking in high school but this was his first season kicking field goals on a regular basis. The Rouge et Or coaching staff liked his powerful leg and helped him with the transition. "It was a bit heartbreaking for me because I like hitting people," Forteza said. "I like being intense and that job is really about being calm and trying to stay healthy." "I like the position," he added. "I like the pressure of it and I like the preparation. I like the hard work and being able to kick that (well) during a game." Laurier quarterback Taylor Elgersma, who won the Hec Crighton Trophy as most outstanding player this season, had a quiet opening quarter before settling in and throwing touchdown passes to Ryan Hughes and Jaxon Stebbings. Elgersma was 23 of 34 for 246 yards but was sacked five times. "Our game plan was just to be us and execute," he said. "Obviously we didn't do that well enough today." Laurier had an 8-0 record in the regular season and outscored its opposition 128-76 over its first three playoff wins. Laval entered at 10-1 overall (7-1, 3-0) and was coming off two close victories over the last two weeks. A near-capacity crowd at the 8,000-seat Queen's University venue had an even split of Laurier and Laval supporters. The weather co-operated after two days of showers in the area. It was cloudy and 8 C at kickoff. Desjardins marched the Rouge et Or deep into Laurier territory on Laval's first possession before settling for an 18-yard field goal by Forteza. Laval used a no-huddle offence in the early going with Desjardins frequently using dump passes to great effect. A 15-yarder from Forteza with 2:54 left in the first quarter made it 6-0. The potent Rouge et Or defence, which led U Sports with just 106 points allowed in the regular season, showed its form as Jordan Lessard forced a fumble from Elgersma that the Golden Hawks recovered. On the next play, Ndeki Garant-Doumambila walloped the Laurier pivot with a ferocious sack. "We know what it takes to get here and what it takes to win these games," he said. Laurier didn't record a first down until late in the first quarter. Laval's special-teams play was also on point. Forteza booted a 65-yard punt and the Rouge et Or coverage swarmed returner Tayshaun Jackson, forcing him down at the Laurier one-yard line. The Golden Hawks would concede a safety to make it 8-0. Forteza added to the lead at 7:01 with a 35-yard field goal. Jackson gave Laurier some life when he broke for a 51-yard run to the Laval five-yard line. Hughes took a shovel pass from Elgersma and sprinted for the corner of the end zone to put Laurier on the scoreboard with 4:57 left in the half. Forteza made a 32-yard field goal with 2:33 remaining. After a Jackson fumble, he added a 42-yard kick 24 seconds later to make it 17-7. The Golden Hawks came out with more jump in the third quarter. Elgersma found Ethan Jordan for a 45-yard reception to highlight a 93-yard drive capped by Stebbings' three-yard TD catch and a Dawson Hodge conversion. Laval took a 19-14 lead when Laurier conceded a safety to open the fourth quarter. Hodge made it a two-point game when he hit a 34-yard field goal with 8:26 left. A pivotal play came with 4:57 remaining when Laval's Loic Brodeur forced a fumble at midfield. He knocked the ball out of Elgersma's hands and Garant-Doumambila recovered. "We focused, we believed in it, and experience," Garant-Doumambila said. "That's what did it for us." The Golden Hawks fell to 2-4 in national championship game appearances while Laval improved to 12-2. The 2025 Vanier Cup will be played in Regina. This report by The Canadian Press was first published Nov. 23, 2024. Follow @GregoryStrongCP on X. Gregory Strong, The Canadian Press
SAN FRANCISCO , Nov. 26, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) today announced the appointment of Janesh Moorjani as the company's chief financial officer, effective December 16, 2024 . Moorjani brings over 20 years of experience in the technology industry, with deep expertise in driving growth and efficiency at scale. Most recently, Moorjani served as CFO and COO of Elastic NV (NYSE: ESTC), the Search AI Company. Reporting to chief executive officer Andrew Anagnost , Moorjani will lead and oversee Autodesk's global finance organization. Moorjani will succeed interim chief financial officer Elizabeth "Betsy" Rafael, who will serve as an advisor to the company through the end of fiscal 2025 and will continue to serve on Autodesk's Board of Directors, resuming her status as an independent director following the transition period and end of her employment by the company. "We are excited to welcome such a high-caliber and seasoned CFO in Janesh," said Andrew Anagnost , president and CEO of Autodesk. "His deep finance and software experience will be instrumental in supporting Autodesk's continued momentum with sustained growth and enhanced profitability. I look forward to partnering with Janesh to drive Autodesk's successful path forward and continue creating additional value for our stockholders. I also thank Betsy for stepping into the interim CFO role at an important time for Autodesk, and for her continued contributions both through the transition and as a qualified and experienced board member moving forward." Moorjani brings strong experience leading dynamic public software companies. He recently was CFO of Elastic since 2017 and assumed the additional responsibilities of COO in 2022. Prior to Elastic, he served in executive and leadership roles at Infoblox, VMware, Cisco, PTC, and Goldman Sachs. He currently serves on the Board of Directors of Cohesity, a leading AI-powered data security and data management company. "I am thrilled to join Autodesk and work with Andrew, the company's strong management team and the Board to capitalize on the compelling growth opportunities we have ahead," said Moorjani. "Autodesk has established a clear leadership position as a technology innovator by providing differentiated and connected solutions that allow customers across industries to design and make anything. I look forward to working with the team to build on Autodesk's strong financial foundation to drive continued growth, profitability and free cash flow to ultimately deliver sustainable stockholder value." ABOUT AUTODESK The world's designers, engineers, builders, and creators trust Autodesk to help them design and make anything. From the buildings we live and work in, to the cars we drive and the bridges we drive over. From the products we use and rely on, to the movies and games that inspire us. Autodesk's Design and Make Platform unlocks the power of data to accelerate insights and automate processes, empowering our customers with the technology to create the world around us and deliver better outcomes for their business and the planet. For more information, visit autodesk.com or follow @autodesk. #MakeAnything Autodesk is a registered trademark of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names or trademarks belong to their respective holders. Autodesk reserves the right to alter product and services offerings, and specifications and pricing at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document. SAFE HARBOR STATEMENT This press release contains forward-looking statements that involve risks and uncertainties, including quotations from management, statements regarding our strategies, performance, results, growth, profitability and free cash flow, and all statements that are not historical facts. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: our strategy to develop and introduce new products and services and to move to platforms and capabilities, exposing us to risks such as limited customer acceptance (both new and existing customers), costs related to product defects, and large expenditures; global economic and political conditions, including changes in monetary and fiscal policy, foreign exchange headwinds, recessionary fears, supply chain disruptions, resulting inflationary pressures and hiring conditions; geopolitical tension and armed conflicts, and extreme weather events; costs and challenges associated with strategic acquisitions and investments; our ability to successfully implement and expand our transaction model; dependency on international revenue and operations, exposing us to significant international regulatory, economic, intellectual property, collections, currency exchange rate, taxation, political, and other risks, including risks related to the war against Ukraine launched by Russia and our exit from Russia and the current conflict between Israel and Hamas; inability to predict subscription renewal rates and their impact on our future revenue and operating results; existing and increased competition and rapidly evolving technological changes; fluctuation of our financial results, key metrics and other operating metrics; our transition from up front to annual billings for multi-year contracts; deriving a substantial portion of our net revenue from a small number of solutions, including our AutoCAD-based software products and collections; any failure to successfully execute and manage initiatives to realign or introduce new business and sales initiatives, including our new transaction model for Flex; net revenue, billings, earnings, cash flow, or new or existing subscriptions shortfalls; social and ethical issues relating to the use of artificial intelligence in our offerings; our ability to maintain security levels and service performance meeting the expectations of our customers, and the resources and costs required to avoid unanticipated downtime and prevent, detect and remediate performance degradation and security breaches; security incidents or other incidents compromising the integrity of our or our customers' offerings, services, data, or intellectual property; reliance on third parties to provide us with a number of operational and technical services as well as software; our highly complex software, which may contain undetected errors, defects, or vulnerabilities; increasing regulatory focus on privacy issues and expanding laws; governmental export and import controls that could impair our ability to compete in international markets or subject us to liability if we violate the controls; protection of our intellectual property rights and intellectual property infringement claims from others; the government procurement process; fluctuations in currency exchange rates; our debt service obligations; and our investment portfolio consisting of a variety of investment vehicles that are subject to interest rate trends, market volatility, and other economic factors. Further information on potential factors that could affect the financial results of Autodesk are included in Autodesk's Form 10-K and subsequent Forms 10-Q, which are on file with the U.S. Securities and Exchange Commission. Autodesk disclaims any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. View original content to download multimedia: https://www.prnewswire.com/news-releases/autodesk-appoints-janesh-moorjani-as-chief-financial-officer-302316577.html SOURCE Autodesk, Inc.China Unveils Global AI Governance Committee With Alibaba Cloud Founder At The Helm