
HOUSTON, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) ("Quanex” or the "Company”) today announced that its Board of Directors declared a quarterly cash dividend of $0.08 per share on the Company's common stock, payable December 31, 2024, to shareholders of record on December 16, 2024. About Quanex Quanex is a global manufacturer with core capabilities and broad applications across various end markets. The Company currently collaborates and partners with leading OEMs to provide innovative solutions in the window, door, vinyl fencing, solar, refrigeration, custom mixing, building access and cabinetry markets. Looking ahead, Quanex plans to leverage its material science expertise and process engineering to expand into adjacent markets. Contact: Scott Zuehlke SVP, Chief Financial Officer & Treasurer 713-877-5327 [email protected]Logistics sector key to Qatar’s green economic transformation
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TOMS RIVER, N.J. — Gov. Phil Murphy has asked the Biden administration to put more resources into an investigation of mysterious drone sightings that have been reported in New Jersey and nearby states. Murphy, a Democrat, made the request in a letter Thursday, noting that state and local law enforcement remain “hamstrung” by existing laws and policies in their efforts to successfully counteract any nefarious activity of unmanned aircraft. He posted a copy of the letter on the social media platform X. “This leaves action surrounding the (drones) squarely on the shoulders of the federal government,” Murphy said. “More federal resources are needed to understand what is behind this activity.” Murphy and other officials have repeatedly stressed that there is no evidence that the aircraft pose a national security or a public safety threat, or have a foreign nexus. The Pentagon also has said they are not U.S. military drones. The drones have drawn intense public concern and curiosity since residents first reported seeing them last month. Assemblywoman Dawn Fantasia said from four to 180 aircraft have been reported to authorities since Nov. 18, appearing from dusk till 11 p.m. The flying objects have been spotted near the Picatinny Arsenal, a U.S. military research and manufacturing facility, and over President-elect Donald Trump’s golf course in Bedminster, but the number of reported sightings has grown greatly since then. Drones were also spotted in Pennsylvania, New York, Connecticut and other parts of the Mid-Atlantic region. The FBI, Federal Aviation Administration and other state and federal agencies involved in the investigation have not corroborated any of the reported sightings with electronic detection, and reviews of available images appear to show many of the reported drones are actually manned aircraft. They also say there have been no confirmed sightings in restricted air space. It’s also possible that a single drone has been seen and reported more than once, officials said. Some federal lawmakers have called on the military to “shoot down” the drones. The drones also appear to avoid detection by traditional methods such as helicopter and radio, according to a state lawmaker who was briefed by the Department of Homeland Security. In one case, a medevac helicopter was unable to pick up a seriously injured car accident victim in Branchburg Township in Somerset County late last month due to drones hovering near the planned landing zone, according to . The FAA said Thursday that it does not have a report on this incident. Drones are legal in New Jersey for recreational and commercial use but are subject to local and FAA regulations and flight restrictions. Operators must be FAA certified. Witnesses say the drones they think they have seen in New Jersey appear to be larger than those typically used by hobbyists.Two upcoming events in the Township of Leeds and the Thousand Islands have been deemed as municipally significant. The reason is for the purposes of the Alcohol and Gaming Commission of Ontario’s (AGCO) Special Occasion Permit process. This took place during Monday’s Township of Leeds and the Thousand Islands council meeting in Lansdowne. The first designation was given for the Small Halls Music Event scheduled for Jan. 25. This will be hosted by the Seeley’s Bay Area Residents’ Association (SBARA). Alcohol will be served at the event and Small Halls has been advertising the event on its website, while SBARA has been advertising the event on its social media pages. Now that council has chosen to pass the resolution deeming the event municipally significant, the clerk will provide a letter to SBARA to support their application to the AGCO. Council also deemed the Comedy Night hosted by the St. Lawrence District Medical Centre scheduled for Feb. 22 as municipally significant for the same process. The request for the designation was made by the St. Lawrence District Medical Centre. The object of the comedy event is to fundraise to support the medical centre and to allow community members to enjoy an evening of entertainment. Keith Dempsey is a Local Journalism Initiative reporter who works out of the Brockville Recorder and Times. The Local Journalism Initiative is funded by the Government of Canada.
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The FBI has issued a serious warning to the NBA regarding a surge in home burglaries involving professional athletes, suggesting the involvement of highly organized, transnational theft rings. According to a recent memo obtained by Reuters, homes of two NBA players alongside NFL stars Patrick Mahomes and Travis Kelce have been targeted. The NBA encourages its athletes to upgrade their security systems and consider hiring protective guard services for times they are away from home. The FBI's briefing connected these crimes to South American Theft Groups that use sophisticated tools like drones and signal jamming devices. Players are urged to remain cautious, especially with their social media activities. The NFL has issued a similar advisory, noting perpetrators sometimes disguise themselves as joggers or maintenance workers. (With inputs from agencies.)COP29 Draft Deal Proposes Rich Nations Give $250 Billion In Climate Finance
A Burnaby currency exchange is suing a former employee for allegedly defrauding the company of more than $4.4 million over several years. Crystal Currency Exchange Inc. at Crystal Mall provides foreign currency exchange services and helps Canadian customers send money to China. The company launched a civil suit against ex-employee Dan Qing Wang (also known as Lisa Wang) and her mother Pu Wang in March 2022. In January 2022, the company had identified a transaction on its daily ledger that hadn’t been authorized and didn’t match any of its known customers, according to . Wang, who initiated and completed the transaction, told the company it had been a "mistake" and that she had also accidentally deleted all the records and emails associated with it, according to the claim. Wang paid back the funds (42,000 Chinese renminbi – or yuan – just over $8,110 today), left the company, and moved back to China. An internal investigation then revealed hundreds of unauthorized transactions over many years, all completed on days Wang was working and signed off on the ledger, according to court documents. As of October, the company said it has discovered 457 such unauthorized transactions totalling nearly 24 million renminbi ($4.4 million). "Only Ms. Wang knows the full extent of her actions," states Crystal Currency's notice of civil claim. The company says it doesn't know the full particulars of Wang's scheme but claims she used the unauthorized transactions to funnel money into accounts she had set up in China and then covered her tracks during the reconciliation process. Wang denies the Crystal Currency's claims. In , she says she mistakenly sent the January 2022 transaction to someone she believed to have been a past client of Crystal Currency in China. She says she agreed to repay the money herself right away and recover it later from the Chinese client, but Crystal Currency refused to give her access to its previous client information. Wang denies any allegations of misappropriating funds from Crystal Currency and says there were five other people besides her responsible for outbound transactions at various times. Wang says the reason she stopped working for Crystal Currency in January 2022 was because the company had directed her to do things she disagreed with and that might have been illegal, including not reporting certain clients and their transactions to FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) when they should have been reported and signing off on a transaction on which her boss, Angelyna Shi, had forged a client's signature. Wang claims Shi also compelled her to impersonate her during phone calls to Canadian banks regarding Shi's personal accounts because Shi didn't speak fluent English. Wang says she complied in order to keep her job. In its response, the company denies Shi compelled Wang to impersonate her, saying instead that Shi sometimes asked employees to translate for her when she was talking to Canadian banks. Crystal Currency has successfully applied to have assets belonging to Wang and her mother frozen, including a in Burnaby. Crystal Currency says Wang and her mother had jointly owned the house before May 2016, at which time Wang and her mother transferred full ownership to Wang. One week after being asked about the unauthorized transaction in January 2022, however, Wang transferred full ownership of the house into her mother's name for "$1.00 and natural love and affection," according to the civil claim. Crystal Currency claims the move was designed to "defeat, delay, hinder, prejudice, or defraud" Wang's creditors, including Crystal Currency, of their "just and lawful remedies" against her and her property. But Wang says she had only ever held legal title on the property while her mother retained 100 per cent beneficial interest. She says her mother had never intended to gift the house to her, and Wang transferred the title back to her in January 2022 at her request. In , Pu Wang says she never intended to transfer the property to her daughter as an outright gift and that her daughter had made no payment or contribution to the acquisition, maintenance, upkeep, property tax or mortgage of the property. Crystal Currency rejected those claims, saying in its reply that Wang had contributed to the Burns Place property and contributed misappropriated funds to two other properties bought by her mother as well: a and a . Crystal Currency is suing Wang and her mother for the return of the alleged misappropriated funds and any profit made on them as well as damages, special damages and punitive damages. It is also asking for a slew of orders and declarations related to their assets. The company claims Wang breached her employment contract, defrauded the company and was unjustly enriched. None of the claims made by the company, Wang or her mother has been tested in court. A 23-day trial is scheduled starting April 14.Fairholme Funds, Inc. December 2024 Dividend Distributions