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Stocks to watch on Nov 25: Zomato, Adani stocks, Cochin Shipyard, RITES, RVNL and more - CNBCTV18Texas A&M signed the nation’s top-ranked recruiting class three years ago believing it had built a potential national title contender. Plenty of players from that heralded 2022 class could indeed be participating in the first 12-team College Football Playoff this month. They just won’t be doing it for the Aggies, who no longer have nearly half their 2022 signees. The list of 2022 recruits now with playoff contenders elsewhere includes Mississippi defensive lineman Walter Nolen, Oregon wide receiver Evan Stewart, Alabama defensive lineman LT Overton, SMU offensive tackle PJ Williams and injured Boise State receiver Chris Marshall. Texas A&M has done all right without them, going 8-4 as transfers filled about half the starting roles. Texas A&M represents perhaps the clearest example of how recruiting and roster construction have changed in the era of loosened transfer restrictions. Coaches must assemble high school classes without always knowing which of their own players are transferring and what players from other schools could be available through the portal. “It used to be you lost 20 seniors, you signed 20 incoming freshmen,” Duke coach Manny Diaz said. “You just had your numbers right. Now you might lose 20 seniors, but you might lose 20 underclassmen. You just don’t know.” Coaches emphasize that high school recruiting remains critical, but recent results suggest it isn’t as vital as before. The last two College Football Playoff runners-up – TCU in 2022 and Washington in 2023 – didn’t sign a single top-15 class in any of the four years leading up their postseason runs, according to composite rankings of recruiting sites compiled by 247Sports. This year’s contenders have shown there’s more than one way to build a championship-caliber roster. About half of No. 1 Oregon’s usual starters began their college careers elsewhere. No. 5 Georgia, which annually signs one of the nation’s top high school classes, has only a few transfers making major contributions. Colorado’s rise under Deion Sanders exemplifies how a team can win without elite high school recruiting. None of Colorado’s last four classes have ranked higher than 30th in the 247Sports Composite. Three ranked 47th or lower. “If anybody ever did the homework and the statistics of these young men – people have a class that they say is the No. 1 class in the nation – then five of those guys play, or four of those guys play, then the rest go through the spring and then they jump in the portal,” Sanders said. “Don’t give me the number of where you rank (in recruiting standings), because it’s like an NFL team," he added. "You always say who won the draft, then the team gets killed all year (and) you don’t say nothing else about it. Who won the draft last year in the NFL? Nobody cares right now, right?” Wisconsin's Christian Alliegro tries to stop Oregon's Evan Stewart, right, during the first half of a Nov. 16 game in Madison, Wis. Star quarterback Shedeur Sanders followed his father from Jackson State to Colorado in 2023, and Heisman Trophy front-runner Travis Hunter accompanied them. According to Colorado, this year’s Buffaloes team has 50 transfer newcomers, trailing only North Texas’ 54 among Bowl Subdivision programs. Relying on transfers comes with caveats. Consider Florida State's rise and fall. Florida State posted an unbeaten regular-season record last year with transfers playing leading roles. When those transfers departed and Florida State's portal additions this year didn't work out, the Seminoles went 2-10. “There has to be some type of balance between the transfer portal and high school recruiting,” said Andrew Ivins, the director of scouting for 247Sports. “I compare it to the NFL. The players from the transfer portal are your free agents and high school recruiting is your NFL draft picks.” A look at the composite rankings of recruiting sites compiled by 247Sports for the 2020-22 classes shows at least 40 of the top 100 prospects each of those years ended up leaving their original school. Coaches must decide which positions they’re better off building with high school prospects and which spots might be easier to fill through the portal. “The ones that have a ton of learning to do - tight end, quarterback, interior offensive line, inside linebacker, safety, where they are the communicators - they are the guys that are processing a lot of information,” Florida’s Billy Napier said. “Those are the ones in a perfect world you have around for a while. “It’s easier to play defensive line, edge, corner, receiver, running back, tackle, specialists. Those are a little bit more plug-and-play I’d say, in my opinion," Napier said. "Either way, it’s not necessarily about that. It’s just about we need a certain number at each spot, and we do the best we can to fill those roles.” Colorado head coach Deion Sanders, right, congratulates place kicker Cristiano Palazzo after he kicked an extra point during the second half of Friday's game against Oklahoma Stat in Boulder, Colo. Power Four programs aren’t the only ones facing a balancing act between recruiting high schools and mining the transfer portal. Group of Five schools encounter similar challenges. “We’re recruiting every position and bringing in a high school class,” Eastern Michigan coach Chris Creighton said. “That’s not going to be maybe 24 scholarship guys like it used to be. It might be more like 16. It’s not four d-linemen necessarily, right? It might be three. It might not be three receivers. It might be two. And it might not be five offensive linemen. It’s two to three.” The extra hurdle Group of Five schools face is the possibility their top performers might leave for a power-conference program with more lucrative name, image and likeness financial opportunities. They sometimes don’t know which players they’ll lose. “We know who they’re trying to steal,” Miami (Ohio) coach Chuck Martin quipped. “We just don’t know who they’re going to steal.” The obstacles facing coaches are only getting steeper as FBS teams prepare for a 105-man roster limit as part of the fallout from a pending $2.8 billion NCAA antitrust settlement. While having 105 players on scholarship seems like an upgrade from the current 85-man scholarship limit, many rosters have about 125 players once walk-ons are included. Nebraska coach Matt Rhule said last week his program would probably end up with about 30-50 players in the portal due to the new roster restrictions. All the added dimensions to roster construction in the college game have drawn parallels to the NFL, but Minnesota coach P.J. Fleck believes those comparisons are misleading. “When people talk about college football right now, they’re saying, ‘Oh, we have an NFL model,’ or it’s kind of moving toward the NFL,” Fleck said. “First of all, it’s nothing like the NFL. There’s a collective bargaining agreement (in the NFL). There’s a true salary cap for everybody. It’s designed for all 32 fan bases to win the Super Bowl maybe once every 32 years – and I know other people are winning that a lot more than others – but that’s how it’s designed. In college football, it’s not that way.” There does seem to be a bit more competitive balance than before. The emergence of TCU and Washington the last couple of postseasons indicates this new era of college football has produced more unpredictability. Yet it’s also created many more challenges as coaches try to figure out how to put together their rosters. “It’s difficult because we’re just kind of inventing it on the fly, right?” Diaz said. Buffalo Bills quarterback Josh Allen, foreground right, dives toward the end zone to score past San Francisco 49ers defensive end Robert Beal Jr. (51) and linebacker Dee Winters during the second half of an NFL football game in Orchard Park, N.Y., Sunday, Dec. 1, 2024. (AP Photo/Adrian Kraus) South Carolina guard Maddy McDaniel (1) drives to the basket against UCLA forward Janiah Barker (0) and center Lauren Betts (51) during the first half of an NCAA college basketball game, Sunday, Nov. 24, 2024, in Los Angeles. (AP Photo/Eric Thayer) Mari Fukada of Japan falls as she competes in the women's Snowboard Big Air qualifying round during the FIS Snowboard & Freeski World Cup 2024 at the Shougang Park in Beijing, Saturday, Nov. 30, 2024. (AP Photo/Andy Wong) LSU punter Peyton Todd (38) kneels in prayer before an NCAA college football game against Oklahoma in Baton Rouge, La., Saturday, Nov. 30, 2024. LSU won 37-17. (AP Photo/Gerald Herbert) South Africa's captain Temba Bavuma misses a catch during the fourth day of the first Test cricket match between South Africa and Sri Lanka, at Kingsmead stadium in Durban, South Africa, Saturday, Nov. 30, 2024. (AP Photo/Themba Hadebe) Philadelphia Eagles running back Saquon Barkley, left, is hit by Baltimore Ravens cornerback Marlon Humphrey, center, as Eagles wide receiver Parris Campbell (80) looks on during a touchdown run by Barkley in the second half of an NFL football game, Sunday, Dec. 1, 2024, in Baltimore. (AP Photo/Stephanie Scarbrough) Los Angeles Kings left wing Warren Foegele, left, trips San Jose Sharks center Macklin Celebrini, center, during the third period of an NHL hockey game Monday, Nov. 25, 2024, in San Jose, Calif. (AP Photo/Godofredo A. Vásquez) Brazil's Botafogo soccer fans react during the Copa Libertadores title match against Atletico Mineiro in Argentina, during a watch party at Nilton Santos Stadium, in Rio de Janeiro, Saturday, Nov. 30, 2024. (AP Photo/Bruna Prado) Seattle Kraken fans react after a goal by center Matty Beniers against the San Jose Sharks was disallowed due to goaltender interference during the third period of an NHL hockey game Saturday, Nov. 30, 2024, in Seattle. The Sharks won 4-2. (AP Photo/Lindsey Wasson) New York Islanders left wing Anders Lee (27), center, fight for the puck with Boston Bruins defensemen Parker Wotherspoon (29), left, and Brandon Carlo (25), right during the second period of an NHL hockey game, Wednesday, Nov. 27, 2024, in Elmont, N.Y. (AP Photo/Julia Demaree Nikhinson) Jiyai Shin of Korea watches her shot on the 10th hole during the final round of the Australian Open golf championship at the Kingston Heath Golf Club in Melbourne, Australia, Sunday, Dec. 1, 2024. (AP Photo/Asanka Brendon Ratnayake) Mathilde Gremaud of Switzerland competes in the women's Freeski Big Air qualifying round during the FIS Snowboard & Freeski World Cup 2024 at the Shougang Park in Beijing, Friday, Nov. 29, 2024. (AP Photo/Andy Wong) Lara Gut-Behrami, of Switzerland, competes during a women's World Cup giant slalom skiing race, Saturday, Nov. 30, 2024, in Killington, Vt. (AP Photo/Robert F. Bukaty) New York Islanders goaltender Ilya Sorokin cools off during first period of an NHL hockey game against the Boston Bruins, Wednesday, Nov. 27, 2024, in Elmont, N.Y. (AP Photo/Julia Demaree Nikhinson) Brazil's Amanda Gutierres, second right, is congratulated by teammate Yasmin, right, after scoring her team's first goal during a soccer international between Brazil and Australia in Brisbane, Australia, Thursday, Nov. 28, 2024. (AP Photo/Pat Hoelscher) Las Vegas Raiders tight end Brock Bowers (89) tries to leap over Kansas City Chiefs cornerback Joshua Williams (2) during the first half of an NFL football game in Kansas City, Mo., Friday, Nov. 29, 2024. (AP Photo/Ed Zurga) Luiz Henrique of Brazil's Botafogo, right. is fouled by goalkeeper Everson of Brazil's Atletico Mineiro inside the penalty area during a Copa Libertadores final soccer match at Monumental stadium in Buenos Aires, Argentina, Saturday, Nov. 30, 2024. (AP Photo/Natacha Pisarenko) England's Alessia Russo, left, and United States' Naomi Girma challenge for the ball during the International friendly women soccer match between England and United States at Wembley stadium in London, Saturday, Nov. 30, 2024. (AP Photo/Kirsty Wigglesworth) Minnesota Vikings running back Aaron Jones (33) reaches for an incomplete pass ahead of Arizona Cardinals linebacker Mack Wilson Sr. (2) during the second half of an NFL football game Sunday, Dec. 1, 2024, in Minneapolis. (AP Photo/Abbie Parr) Melanie Meillard, center, of Switzerland, competes during the second run in a women's World Cup slalom skiing race, Sunday, Dec. 1, 2024, in Killington, Vt. (AP Photo/Robert F. Bukaty) Houston Rockets guard Jalen Green goes up for a dunk during the second half of an Emirates NBA cup basketball game against the Minnesota Timberwolves, Tuesday, Nov. 26, 2024, in Minneapolis. (AP Photo/Abbie Parr) Olympiacos' Francisco Ortega, right, challenges for the ball with FCSB's David Miculescu during the Europa League league phase soccer match between FCSB and Olympiacos at the National Arena stadium, in Bucharest, Romania, Thursday, Nov. 28, 2024. (AP Photo/Andreea Alexandru) Gold medalists Team Netherlands competes in the Team Sprint Women race of the ISU World Cup Speed Skating Beijing 2024 held at the National Speed Skating Oval in Beijing, Sunday, Dec. 1, 2024. (AP Photo/Ng Han Guan) Get local news delivered to your inbox!NEW YORK , Dec. 12, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The vehicle leasing market in Europe size is estimated to grow by USD 12.17 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 4.5% during the forecast period. For comprehensive forecast and historic data on regions,market segments, customer landscape, and companies- Click for the snapshot of this report Report Attribute Details Base Year 2023 Forecast period 2024-2028 Historic Data for 2018 - 2022 Segments Covered Type (Passenger cars and Commercial vehicles), Mode Of Booking (Online and Offline), and Geography (Europe) Key Companies Covered ALD SA, Allane SE, Arval Service Lease, Bayerische Motoren Werke AG, Central Contract S.O.T Ltd., Central UK Vehicle Leasing Ltd., Deutsche Leasing AG, ExpatRide International Inc., Groupe BPCE, King and Mayr GmbH and Co. KG, LocautoRent S.p.A., Mercedes Benz Group AG, Millennium Leasing sp zoo, PKO Bank Polski, Porsche Automobil Holding SE, PSA Automobiles SA, Rivervale Cars Ltd., Sofina SA, and Stellantis NV Regions Covered Europe Region Outlook 1. Europe - Europe is estimated to contribute 100%. To the growth of the global market. The Vehicle Leasing Market in Europe report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027. The UK vehicle leasing market is experiencing significant growth due to increased customer awareness and the high demand for passenger cars. This trend is driving the market forward, with car leasing becoming an increasingly popular choice for financing vehicles. The percentage share of car leasing is projected to increase during the forecast period. Additionally, the expansion of the e-commerce sector in the UK is contributing to the market's growth, as more businesses opt for leasing solutions to manage their fleet operations efficiently. For more insights on Europe's significant contribution along with the market share of rest of the regions and countries - Download a FREE Sample Segmentation Overview Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes! 1.1 Fastest growing segment: The European vehicle leasing market is experiencing significant growth due to the cost-effective nature of leasing cars compared to buying them. Factors such as urbanization and increased Internet penetration are driving awareness about car leasing. Leasing offers customers the flexibility to upgrade to new models and purchase the vehicle at lease end. Car manufacturers, like AB Volvo with Care by Volvo, offer subscription-based leasing programs to boost revenue and brand penetration. The demand for SUVs, hatchbacks, and sedans in Europe is fueling growth in the passenger car segment. Customers' preference for convenience, safety, and modern technologies in vehicles is driving the adoption of advanced features and electrification. These trends, coupled with industry advancements, encourage customers to lease cars, leading to market expansion in Europe's passenger car segment during the forecast period. Research Analysis The European vehicle leasing market is experiencing significant growth, driven by the shift towards electric and hybrid electric vehicles. E-commerce platforms are increasingly becoming popular channels for buyers to lease new cars, enabling a seamless and convenient experience. Big data and blockchain technology are transforming the industry by providing insights into customer preferences and streamlining lease contracts. The tourism industry and smart cities are major sectors adopting vehicle leasing for their fleet needs. Automobile leasing companies offer a range of options from commuter cars to buses, recreational vehicles, and utility trailers. Car equipment rental is another growing segment, allowing lessees to customize their vehicles. The residual value of leased vehicles is a key consideration for both sellers and buyers, making the role of a leasing company crucial in determining fair market value. Rapid urbanization and the need for new vehicles continue to fuel the demand for leasing solutions. Market Overview The European vehicle leasing market is experiencing significant growth, driven by various factors including the rise of electric vehicles, e-commerce, and smart cities. Electric cars and hybrid electric vehicles are becoming increasingly popular due to awareness among consumers about air pollution and emission norms. The tourism industry and commuters are embracing on-demand mobility solutions, leading to increased demand for lease cars. Big data, IoT technology, machine learning, and blockchain are transforming the industry by providing verified data in real-time, enabling predictive maintenance and efficient transportation systems. Leasing companies offer finance leasing, long-term leasing, and gap insurance to cater to the diverse needs of buyers. The market also includes utility trailers, buses, recreational vehicles, and car equipment rental. Rapid urbanization, busy lifestyles, and population demand have led to the adoption of efficient transportation systems and the reduction of traffic congestion. The used car industry is also benefiting from the growth of the leasing market. Additional fees, carbon emissions, and climate change are becoming important considerations for both sellers and buyers. Leasing companies are focusing on customer service, providing diagnostic services for vehicles, and leveraging technology to enhance the leasing experience. The future of the vehicle leasing market in Europe looks promising, with continued innovation and the integration of technology to meet the evolving needs of consumers. Start exploring market insights by Download a FREE Sample Report in minutes! Key Topics Covered: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Venodr Landscape 11 Vendor Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/vehicle-leasing-market-in-europe-100-growth-driven-by-europe-report-highlights-ais-impact-on-market-trends---technavio-302328863.html SOURCE Technavio
AP Business SummaryBrief at 1:06 p.m. ESTSeibert misses an extra point late as the Commanders lose their 3rd in a row, 34-26 to the Cowboys LANDOVER, Md. (AP) — Austin Seibert missed his second extra point of the game with 21 seconds left after Washington’s Jayden Daniels and Terry McLaurin connected on an 86-yard touchdown, Dallas’ Juanyeh Thomas returned the ensuing onside kick attempt for a touchdown, and the Cowboys pulled out a 34-26 victory Sunday that extended the Commanders’ skid to three games. Seibert was wide left on the point-after attempt following a bad snap. On the ensuing onside kick attempt, Juanyeh Thomas returned it 43 yards for a touchdown as the Cowboys ended their losing streak at five in improbable fashion. Earlier in the fourth quarter, KaVonte Turpin returned a kickoff 99 yards for a TD. Sam Darnold leads game-winning drive in OT and Vikings beat Bears 30-27 after blowing late lead CHICAGO (AP) — Sam Darnold threw for 90 of his 330 yards in overtime to set up Parker Romo’s game-ending 29-yard field goal, and the Minnesota Vikings outlasted the Chicago Bears 30-27 after giving up 11 points in the final 22 seconds of regulation. Darnold threw two touchdown passes, Jordan Addison caught eight passes for a career-high 162 yards and a touchdown, and T.J. Hockenson had 114 yards receiving for the Vikings, who remained one game behind Detroit in the rugged NFC North. Caleb Williams threw for 340 yards and two touchdowns for the Bears, who lost their fifth straight. Patrick Mahomes and Chiefs win at the buzzer again, topping Panthers 30-27 on Shrader's field goal CHARLOTTE, N.C. (AP) — Patrick Mahomes threw for 269 yards and three touchdowns, Spencer Shrader kicked a 31-yard field goal as time expired and the Kansas City Chiefs beat the Carolina Panthers 30-27 to reach double-digit wins for the 10th straight season. The Chiefs bounced back from last week’s 30-21 loss at Buffalo and won at the buzzer yet again in a season of narrow escapes. Noah Brown caught two TD passes and DeAndre Hopkins also had a touchdown catch. Bryce Young finished 21 of 35 for 262 yards and a touchdown for the Panthers, who had their two-game winning streak snapped. No. 1 South Carolina women stunned by fifth-ranked UCLA 77-62, ending Gamecocks' 43-game win streak LOS ANGELES (AP) — Londynn Jones scored 15 points and fifth-ranked UCLA stunned No. 1 South Carolina 77-62. The Gamecocks' overall 43-game winning streak and their run of 33 consecutive road victories were snapped. The Gamecocks, who fell to 5-1, lost for the first time since April 2023. Te-Hina Paopao scored 18 points for South Carolina. The Bruins knocked off a No. 1 team for the first time in school history. The Bruins dominated from start to finish and their defense prevented the Gamecocks from making any sustained scoring runs. AP Top 25: Alabama, Mississippi out of top 10 and Miami, SMU are in; Oregon remains unanimous No. 1 Alabama and Mississippi tumbled out of the top 10 of The Associated Press college football poll and Miami and SMU moved in following a chaotic weekend in the SEC. Oregon is No. 1 for the sixth straight week and Ohio State, Texas and Penn State held their places behind the Ducks. The shuffling begins at No. 5, where Notre Dame returned for the first time since Week 2 after beating Army for its ninth straight win. No. 6 Georgia moved up two spots, No. 7 Tennessee and No. 8 Miami rose three and No. 9 SMU jumped four places. Indiana dropped from No. 5 to No. 10 following its first loss. Thitikul finishes eagle-birdie to win CME Group Tour Championship and claim record $4M prize NAPLES, Fla. (AP) — Down by two shots with two holes to play, Jeeno Thitikul knew exactly what was needed to capture the biggest prize in women’s golf history. And a eagle-birdie finish for the second straight day made it happen. Thitikul claimed the record-setting $4 million first-place check by winning the CME Group Tour Championship on Sunday. It was the biggest money prize in women’s golf history. Thitikul shot a 7-under 65 on Sunday and finished the week at 22 under, one shot ahead of Angel Yin (66). Yin had a two-shot lead walking to the 17th tee, only to wind up settling for the $1 million runner-up check. From Maui to the Caribbean, college hoops' Thanksgiving tournaments a beloved part of the sport College basketball is ready for its Thanksgiving Week closeup. The schedule is full of early season tournaments that could create buzzworthy marquee matchups. And many of those come in warm-weather locations. The Maui Invitational in Hawaii turns 40 years old this year. It opens Monday with a field that includes two-time reigning national champion and second ranked UConn. The Battle 4 Atlantis men's tournament in the Bahamas opens Wednesday. It has a field topped by No. 3 Gonzaga. There are also multiple women's events in the Bahamas featuring ranked teams, including the fourth Atlantis women's tournament. Jannik Sinner leads Italy past the Netherlands for its second consecutive Davis Cup title MALAGA, Spain (AP) — Jannik Sinner clinched Italy's second consecutive Davis Cup title and capped his breakthrough season at the top of tennis by beating Tallon Griekspoor 7-6 (2), 6-2 for a 2-0 win over the Netherlands in the final of the team competition in Malaga, Spain. Matteo Berrettini won Sunday's opening singles match 6-4, 6-2 against Botic van de Zandschulp. The Italians are the first country to win the Davis Cup twice in a row since the Czech Republic in 2012 and 2013. The No. 1-ranked Sinner stretched his unbeaten streak in singles to 14 matches and 26 sets. Netherlands reached the Davis Cup final for the first time. Verstappen still manages to win 4th straight F1 title in one of worst seasons of his Red Bull career LAS VEGAS (AP) — Max Verstappen won an unbelievable 19 races last season that included an incredible streak of 10 in a row in what would arguably go down as one of the greatest years in Formula 1 history. And yet it is this year’s eight-win season — his lowest victory total since 2020 — that Verstappen considers a career-defining campaign. Those eight wins were enough to win him a fourth consecutive F1 championship on Saturday night with his easy drive at the Las Vegas Grand Prix. The championship made Verstappen only the sixth driver in F1 history to win four or more titles. Maverick McNealy birdies the last hole at Sea Island to finally become PGA Tour winner ST. SIMONS ISLAND, Ga. (AP) — Maverick McNealy is finally a winner on the PGA Tour, and it took a shot he won't soon forget. McNealy was part of a four-way tie for the lead when he drilled a 6-iron to 5 feet on the final hole at Sea Island for birdie and a 68. That gave him a one-shot victory over Daniel Berger, Nico Echavarria and Florida State sophomore Luke Clanton. Berger and Henrik Norlander moved into the top 125 to keep full PGA Tour cards for next year. Clanton continued to show his promise. It was his second runner-up finish and fourth top 10 this year.
High school recruiting isn't the only way to build a winner in the transfer portal era
Integris Composites Produces Armor for Boeing MH-139A Grey Wolf RotorcraftGEELONG, Australia, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the "Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that the Company has received a notification letter (the "Letter”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq”) indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the Company's delay in filing its Annual Report on Form 20-F for the fiscal year ended June 30, 2024 (the "Annual Report”). The Letter has no immediate effect on the listing or trading of the Company's ordinary shares or warrants on Nasdaq. The Letter stated that, under Nasdaq rules, the Company has until 60 calendar days after receipt of the Letter, which is January 21, 2025, to submit a plan to regain compliance, and that if a plan is submitted and accepted, Nasdaq could grant the Company an exception of up to 180 calendar days from the filing's due date, or until May 14, 2025, to regain compliance. If Nasdaq does not accept the Company's plan, then the Company will have the opportunity to appeal that decision to a Nasdaq hearings panel. The Company continues to work diligently to file its Annual Report as promptly as practical to regain compliance with Nasdaq Listing Rule 5250(c)(1). About Carbon Revolution plc Carbon Revolution plc (Nasdaq: CREV) (the "Company” or "Carbon Revolution”) is the parent of Carbon Revolution Pty Ltd, an early-stage growth company which has successfully innovated, commercialized and industrialized the advanced manufacture of carbon fiber wheels for the global automotive industry. The Company has progressed from single prototypes to designing and manufacturing lightweight wheels for cars and SUVs in the high performance, premium and luxury segments, for the world's most prestigious automotive brands. Carbon Revolution is creating a significant and sustainable advanced technology business that supplies its lightweight wheel technology to automotive manufacturers around the world. For more information, visit carbonrev.com Forward Looking Statements All statements other than statements of historical facts contained in this communication are forward-looking statements. Forward-looking statements may generally be identified by the use of words such as "believe,” "may,” "will,” "estimate,” "continue,” "anticipate,” "intend,” "expect,” "should,” "would,” "plan,” "project,” "forecast,” "predict,” "potential,” "seem,” "seek,” "future,” "outlook,” "target” or other similar expressions (or the negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the expectation of continued listing of Carbon Revolution's ordinary shares and warrants on Nasdaq, the Company's ability to file its Annual Report and promptly regain compliance with Nasdaq Listing Rule 5250(c)(1), the future financial performance, business strategies, financings and expectations for the Company's business. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Carbon Revolution's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from such assumptions, and such differences may be material. Many actual events and circumstances are beyond the control of Carbon Revolution. These forward-looking statements are subject to a number of risks and uncertainties, including (i) the ability to maintain the listing of Carbon Revolution's securities on Nasdaq or any other exchange on which such securities may be listed in the future; (ii) the failure to realize the benefits of being listed on a U.S. securities exchange and publicly-traded in the United States; (iii) Carbon Revolution's liquidity, including its ability to pay its obligations and to issue equity, refinance its indebtedness or otherwise obtain financing at all or on acceptable terms, (iv) risks related to its ability to meet financial covenants and other key covenants under existing financing arrangements or to obtain waivers or forbearance from compliance with such covenants, which could result in the acceleration of outstanding indebtedness, (v) changes in domestic and foreign business, market, financial, political and legal conditions; (vi) risks related to the rollout of Carbon Revolution's business strategy and the timing of expected business milestones; (vii) the effects of competition on Carbon Revolution's future business and the ability of the combined company to grow and manage growth, establish and maintain relationships with customers and retain its management and key employees; (viii) risks related to domestic and international political and macroeconomic uncertainty, including the Russia-Ukraine and conflicts in the Middle East; (ix) the outcome of any legal proceedings that may be instituted against Carbon Revolution; (x) the impact of pandemic and governmental responses on any of the foregoing risks; (xi) risks related to Carbon Revolution's industry; (xii) changes in laws and regulations; and (xiii) those factors discussed in the documents Carbon Revolution filed with the SEC, including the Shell Company Report on Form 20-F. If any of these risks materialize or Carbon Revolution's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Carbon Revolution does not presently know or that Carbon Revolution currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Carbon Revolution's expectations, plans or forecasts of future events and views as of the date of this communication. Carbon Revolution anticipates that subsequent events and developments will cause Carbon Revolution's assessments to change. However, while Carbon Revolution may elect to update these forward-looking statements at some point in the future, Carbon Revolution specifically disclaims any obligation to do so, unless required by applicable law. These forward-looking statements should not be relied upon as representing Carbon Revolution's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements. For further information, please contact: Investors [email protected] Media [email protected]
McDonald’s is pulling out all the stops to rebuild its reputation and lure customers back after an E. coli outbreak linked to slivered onions in its Quarter Pounder hamburgers. The fast-food giant has reportedly earmarked $100 million for recovery efforts, including marketing and franchisee support to address the fallout. Don't Miss: It’s no wonder Jeff Bezos holds over $70 million in art — this alternative asset has outperformed the S&P 500 by a significant margin delivering an average annual return of 11.5%. Here’s how many are getting started. The global games market is projected to generate $272B by the end of the year — for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market. The outbreak infected more than 100 people across 14 states, hospitalized 34 and tragically claimed one life, according to the Centers for Disease Control and Prevention. The CDC traced the source to a supplier that has since recalled the product, Business Insider reported. Still, McDonald's is feeling the heat. The company acknowledged the toll in its third-quarter earnings report, which revealed a decline in-store visits and daily sales as cautious customers stayed away. McDonald’s stock has dropped over 7% in the past month. The crisis has had a broad impact on business. Trending: Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – You can still get 4,000 of its pre-IPO shares for with $1,000 for just $0.25/share To regain customer trust, McDonald's is spending $35 million on marketing campaigns, including a new TV ad promoting a limited-time offer of 10 Chicken McNuggets for just $1 via the McDonald’s app. The campaign aims to draw customers back with deals that highlight familiar favorites. An additional $65 million is being directed to support the franchisees hit hardest by the outbreak. These funds will cover operational losses and other costs as local operators work to recover from the health scare’s effects on traffic and sales. Michael Gonda, McDonald’s Chief Impact Officer for North America and Tariq Hassan, Chief Marketing and Customer Experience Officer, addressed the crisis head-on in a memo seen by CNN. “The relevance, trust and love for the Golden Arches has been hard-earned over nearly 70 years by our unwavering commitment to do the right thing,” they wrote. “The past three weeks have only further exemplified that.” See Also: This rooftop wind turbine is taking on a market projected to reach over $900 billion by 2032 — With already over 40,000 users signing up to purchase, here's a chance to be an early investor today! The fallout has demonstrated the importance of food safety and customer loyalty in maintaining McDonald's iconic brand. As the company works to restore confidence, the memo clarifies that rebuilding “trust and love” is a top priority. While the company's recovery plan is strong, the future remains uncertain. Analysts and investors will watch closely to see whether McDonald's can successfully rebound from the crisis and reignite customer enthusiasm. The Golden Arches are betting on turning a tough situation into an opportunity to show resilience and commitment to its customers. Read Next: ‘Scrolling to UBI': Deloitte's #1 fastest-growing software company allows users to earn money on their phones – invest today with $1,000 for just $0.25/share If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it ? © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.