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CHICAGO--(BUSINESS WIRE)--Dec 6, 2024-- The board of directors of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today declared a quarterly dividend of 45.5 cents per share, payable Jan. 31, 2025, to shareholders of record as of Jan. 3, 2025. The five-cent, or 12.3%, increase from the prior quarterly rate of 40.5 cents per share results in an expected annualized dividend of $1.82 per share compared with the prior annualized rate of $1.62 per share. While subsequent dividends will be subject to board approval, the company expects to pay three additional dividends in 2025: Record Date Payable Date April 4, 2025 April 30, 2025 July 11, 2025 July 31, 2025 Oct. 3, 2025 Oct. 31, 2025 About Morningstar, Inc. Morningstar, Inc. is a leading provider of independent investment insights in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and solutions that serve a wide range of market participants, including individual and institutional investors in public and private capital markets, financial advisors and wealth managers, asset managers, retirement plan providers and sponsors, and issuers of fixed-income securities. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $328 billion in AUMA as of Sept. 30, 2024. The Company operates through wholly-owned subsidiaries in 32 countries. For more information, visit www.morningstar.com/company . Follow Morningstar on X (formerly known as Twitter) @MorningstarInc. Caution Concerning Forward-Looking Statements This press release contains forward-looking statements as that term is used in the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations about future events or future financial performance. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, and often contain words such as “consider,” “future,” “maintain,” “may,” “expect,” “potential,” “anticipate,” “believe,” “continue,” “will,” or the negative thereof, and similar expressions. These statements, including statements regarding future dividend payments, involve known and unknown risks and uncertainties that may cause the events we discuss not to occur or to differ significantly from what we expect. For us, these risks and uncertainties include, among others, failing to maintain and protect our brand, independence, and reputation; failure to prevent and/or mitigate cybersecurity events and the failure to protect confidential information, including personal information about individuals; compliance failures, regulatory action, or changes in laws applicable to our credit ratings operations, investment advisory, environmental, social, and governance, and index businesses; failing to innovate our product and service offerings, or anticipate our clients’ changing needs; the impact of artificial intelligence and related technologies on our business, legal, and regulatory exposure profile and reputation; failing to detect errors in our products or the failure of our products to perform properly due to defects, malfunctions, or similar problems; failing to recruit, develop, and retain qualified employees; prolonged volatility or downturns affecting the financial sector, global financial markets, and the global economy and its effect on our revenue from asset-based fees and our credit ratings business; failing to scale our operations and increase productivity in order to implement our business plans and strategies; liability for any losses that result from errors in our automated advisory tools or errors in the use of the information and data we collect; inadequacy of our operational risk management, business continuity programs and insurance coverage in the event of a material disruptive event; failing to close, or achieve the anticipated economic or other benefits of, a strategic transaction on a timely basis or at all; failing to efficiently integrate and leverage acquisitions and other investments, which may not realize the expected business or financial benefits, to produce the results we anticipate; failing to maintain growth across our businesses in today's fragmented geopolitical, regulatory, and cultural world; liability relating to the information and data we collect, store, use, create, and distribute or the reports that we publish or are produced by our software products; the potential adverse effect of our indebtedness on our cash flows and financial and operational flexibility; challenges in accounting for tax complexities in the global jurisdictions which we operate in and their effect on our tax obligations and tax rates; and failing to protect our intellectual property rights or claims of intellectual property infringement against us. A more complete description of these risks and uncertainties, among others, can be found in our filings with the Securities and Exchange Commission (SEC), including our most recent Reports on Forms 10-K and 10-Q. If any of these risks and uncertainties materialize, our actual future results and other future events may vary significantly from what we expect. We do not undertake to update our forward-looking statements as a result of new information, future events or otherwise, except as may be required by law. You are, however, advised to review any further disclosures we make on related subjects, and about new or additional risks, uncertainties and assumptions in our filings with the SEC on Forms 10-K, 10-Q, and 8-K. ©2024 Morningstar, Inc. All Rights Reserved. MORN-C View source version on businesswire.com : https://www.businesswire.com/news/home/20241205277268/en/ Landon Hudson, +1 312 696-6037 ornewsroom@morningstar.com KEYWORD: ILLINOIS UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: BANKING ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: Morningstar, Inc. Copyright Business Wire 2024. PUB: 12/06/2024 04:15 PM/DISC: 12/06/2024 04:13 PM http://www.businesswire.com/news/home/20241205277268/enNEWARK, N.J.--(BUSINESS WIRE)--Dec 3, 2024-- Prudential Financial, Inc. ( NYSE: PRU ) today announced that the Board of Directors has appointed Andrew Sullivan as its next CEO, effective March 31, 2025. Sullivan, who currently serves as executive vice president and head of International Businesses and Global Investment Management, will succeed Charles F. Lowrey. Lowrey will remain as Executive Chairman of the Board for 18 months, working with the Board and supporting and advising Sullivan. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241203419178/en/ Charles F. Lowrey will step down as CEO of Prudential Financial on March 31, 2025 and will remain as Executive Chairman of the Board for 18 months. (Photo: Business Wire) As part of Prudential’s executive leadership team, Sullivan has played an important role in driving the company’s strategy. He currently oversees both the company’s International Insurance segment and PGIM, the firm’s $1.4 trillion global investment management business. Since joining the company in 2011, he has held successive leadership positions, including heading all of the firm’s U.S.-based businesses. “Andy is an exceptional leader who brings a deep understanding of our businesses, our strategy, our people, and our customers to this role, and I have every confidence that he is the right leader to take Prudential into the future,” said Lowrey. “As we approach the 150th anniversary of Prudential’s founding, now is the right time to elevate the next generation of leadership, and I look forward to continuing to support Andy in my role as Executive Chairman.” “I am honored to have the opportunity to lead this company as it embarks on its next chapter,” said Sullivan. “I would like to thank Charlie and the Board of Directors for their confidence and trust in me. Under Charlie’s leadership, Prudential has made substantial progress towards becoming a higher growth, more capital-efficient company, refined its business mix, invested in technology, and innovated new products. I look forward to working with Prudential’s leadership team and employees to advance our strategy and expand Prudential’s position as a leader in investing, insurance, and retirement security,” said Sullivan. Having successfully led Prudential’s U.S. Businesses since 2021, Caroline Feeney will expand her role to become Global Head of Insurance and Retirement, a newly created position overseeing Prudential’s market-leading domestic and international insurance and retirement businesses, effective March 31, 2025. Feeney and incoming head of PGIM Jacques Chappuis will both report to Sullivan in his role as CEO. “We see significant synergies across our U.S. and international insurance and retirement businesses, and bringing these capabilities together in one global division under Caroline’s leadership will create additional opportunities for collaboration and growth. I want to congratulate her on this expanded role,” said Sullivan. The Board also announced that Vice Chair Robert Falzon will step down from the Board, effective March 31, 2025, and retire from Prudential, effective July 11, 2025. Falzon’s 42-year career with Prudential has seen him serve as executive vice president and CFO of Prudential, as well as company treasurer and managing director of PGIM Real Estate, head of PGIM’s Global Merchant Banking and Global Real Estate Securities groups and CEO of its European business. “On behalf of the Board, I would like to thank Charlie for his leadership and continued commitment to Prudential,” said Michael A. Todman, Prudential’s Lead Independent Director. “Among many other achievements, Charlie was the principal architect of a complex strategic transformation that has positioned Prudential to be a nimble, dynamic, and high-growth company for years to come. After thoroughly considering a diverse array of candidates for the CEO role, the Board is confident that Andy is the right leader to continue this progress. I also want to thank Rob for his leadership and his many contributions to Prudential and wish him well in his retirement.” ABOUT PRUDENTIAL Prudential Financial, Inc. ( NYSE: PRU ), a global financial services leader and premier active global investment manager with approximately $1.6 trillion in assets under management as of Sept. 30, 2024, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential's iconic Rock symbol has stood for strength, stability, expertise, and innovation for nearly 150 years. For more information, please visit news.prudential.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241203419178/en/ CONTACT: Media Bill Launder Head of Corporate Communications bill.launder@prudential.com KEYWORD: UNITED STATES NORTH AMERICA NEW JERSEY INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE FINANCE SOURCE: Prudential Financial, Inc. Copyright Business Wire 2024. PUB: 12/03/2024 04:30 PM/DISC: 12/03/2024 04:28 PM http://www.businesswire.com/news/home/20241203419178/en
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NEWARK, N.J.--(BUSINESS WIRE)--Dec 3, 2024-- Prudential Financial, Inc. ( NYSE: PRU ) today announced that the Board of Directors has appointed Andrew Sullivan as its next CEO, effective March 31, 2025. Sullivan, who currently serves as executive vice president and head of International Businesses and Global Investment Management, will succeed Charles F. Lowrey. Lowrey will remain as Executive Chairman of the Board for 18 months, working with the Board and supporting and advising Sullivan. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241203419178/en/ Charles F. Lowrey will step down as CEO of Prudential Financial on March 31, 2025 and will remain as Executive Chairman of the Board for 18 months. (Photo: Business Wire) As part of Prudential’s executive leadership team, Sullivan has played an important role in driving the company’s strategy. He currently oversees both the company’s International Insurance segment and PGIM, the firm’s $1.4 trillion global investment management business. Since joining the company in 2011, he has held successive leadership positions, including heading all of the firm’s U.S.-based businesses. “Andy is an exceptional leader who brings a deep understanding of our businesses, our strategy, our people, and our customers to this role, and I have every confidence that he is the right leader to take Prudential into the future,” said Lowrey. “As we approach the 150th anniversary of Prudential’s founding, now is the right time to elevate the next generation of leadership, and I look forward to continuing to support Andy in my role as Executive Chairman.” “I am honored to have the opportunity to lead this company as it embarks on its next chapter,” said Sullivan. “I would like to thank Charlie and the Board of Directors for their confidence and trust in me. Under Charlie’s leadership, Prudential has made substantial progress towards becoming a higher growth, more capital-efficient company, refined its business mix, invested in technology, and innovated new products. I look forward to working with Prudential’s leadership team and employees to advance our strategy and expand Prudential’s position as a leader in investing, insurance, and retirement security,” said Sullivan. Having successfully led Prudential’s U.S. Businesses since 2021, Caroline Feeney will expand her role to become Global Head of Insurance and Retirement, a newly created position overseeing Prudential’s market-leading domestic and international insurance and retirement businesses, effective March 31, 2025. Feeney and incoming head of PGIM Jacques Chappuis will both report to Sullivan in his role as CEO. “We see significant synergies across our U.S. and international insurance and retirement businesses, and bringing these capabilities together in one global division under Caroline’s leadership will create additional opportunities for collaboration and growth. I want to congratulate her on this expanded role,” said Sullivan. The Board also announced that Vice Chair Robert Falzon will step down from the Board, effective March 31, 2025, and retire from Prudential, effective July 11, 2025. Falzon’s 42-year career with Prudential has seen him serve as executive vice president and CFO of Prudential, as well as company treasurer and managing director of PGIM Real Estate, head of PGIM’s Global Merchant Banking and Global Real Estate Securities groups and CEO of its European business. “On behalf of the Board, I would like to thank Charlie for his leadership and continued commitment to Prudential,” said Michael A. Todman, Prudential’s Lead Independent Director. “Among many other achievements, Charlie was the principal architect of a complex strategic transformation that has positioned Prudential to be a nimble, dynamic, and high-growth company for years to come. After thoroughly considering a diverse array of candidates for the CEO role, the Board is confident that Andy is the right leader to continue this progress. I also want to thank Rob for his leadership and his many contributions to Prudential and wish him well in his retirement.” ABOUT PRUDENTIAL Prudential Financial, Inc. ( NYSE: PRU ), a global financial services leader and premier active global investment manager with approximately $1.6 trillion in assets under management as of Sept. 30, 2024, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential's iconic Rock symbol has stood for strength, stability, expertise, and innovation for nearly 150 years. For more information, please visit news.prudential.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241203419178/en/ CONTACT: Media Bill Launder Head of Corporate Communications bill.launder@prudential.com KEYWORD: UNITED STATES NORTH AMERICA NEW JERSEY INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE FINANCE SOURCE: Prudential Financial, Inc. Copyright Business Wire 2024. PUB: 12/03/2024 04:30 PM/DISC: 12/03/2024 04:28 PM http://www.businesswire.com/news/home/20241203419178/enA new round of Israeli airstrikes in Yemen on Thursday targeted the Houthi rebel-held capital of Sanaa and multiple ports, while the World Health Organization's director-general said the bombardment occurred nearby as he prepared to board a flight in Sanaa, with a crew member injured. “The air traffic control tower, the departure lounge — just a few meters from where we were — and the runway were damaged,” Tedros Adhanom Ghebreyesus said on the social media platform X. He added that he and U.N. colleagues were safe. “We will need to wait for the damage to the airport to be repaired before we can leave,” he said, without mentioning the source of the bombardment. The Israeli strikes followed several days of Houthi launches setting off sirens in Israel. The Israeli military said it attacked infrastructure used by the Houthis at the international airport in Sanaa and ports in the cities of Hodeida, Al-Salif and Ras Qantib, along with power stations, asserting they were used to smuggle in Iranian weapons and for the entry of senior Iranian officials. Israel's military didn't immediately respond to questions about Tedros' post but issued a statement saying it had "capabilities to strike very far from Israel’s territory — precisely, powerfully, and repetitively.” The strikes came a day after Israeli Prime Minister Benjamin Netanyahu said that “the Houthis, too, will learn what Hamas and Hezbollah and Assad’s regime and others learned" as his military has battled those more powerful proxies of Iran. The Iran-backed Houthis' media outlet confirmed the strikes in a Telegram post but gave no immediate details. The U.S. military also has targeted the Houthis in Yemen in recent days. The United Nations has noted that the targeted ports are important entryways for humanitarian aid for Yemen, that plunged into a . Over the weekend, 16 people were wounded when . Last week, Sanaa and Hodeida, killing nine people, calling it a response to previous Houthi attacks. The Houthis also have been targeting shipping on the Red Sea corridor, calling it solidarity with Palestinians in Gaza. The U.N. Security Council has scheduled an emergency meeting Monday in response to an Israeli request that the council condemn the Houthi attacks and Iran for supplying weapons to the rebels. Meanwhile, an Israeli strike killed five Palestinian journalists outside a hospital , the territory's Health Ministry said. The Israeli military said that all were militants posing as reporters. The strike hit a car outside Al-Awda Hospital in the built-up Nuseirat refugee camp in central Gaza. The journalists were working for the local news outlet Al-Quds Today, a television channel affiliated with the Islamic Jihad militant group. Islamic Jihad is a smaller and more extreme ally of Hamas and took part in the Oct. 7, 2023 attack in southern Israel, which ignited the war. The Israeli military identified four of the men as combat propagandists and said that intelligence, including a list of Islamic Jihad operatives found by soldiers in Gaza, had confirmed that all five were affiliated with the group. Hamas, Islamic Jihad and other Palestinian militant groups operate political, media and charitable operations in addition to their armed wings. Associated Press footage showed the incinerated shell of a van, with press markings visible on the back doors. Sobbing young men attended the funeral outside the hospital. The bodies were wrapped in shrouds, with blue press vests draped over them. The Committee to Protect Journalists says more than 130 Palestinian reporters have been killed since the start of the war. Israel hasn't allowed foreign reporters to enter Gaza except on military embeds. Israel has banned the pan-Arab Al Jazeera network and . The Qatar-based broadcaster denies the allegations and accuses Israel of trying to silence its war coverage, which has focused heavily on civilian casualties from Israeli military operations. Separately, Israel's military said that a 35-year-old reserve soldier was killed during fighting in central Gaza early Thursday. A total of 389 soldiers have been killed in Gaza since the start of the ground operation more than a year ago. The war began when Hamas-led militants stormed across the border in an attack on nearby army bases and farming communities. They killed around 1,200 people, mostly civilians, and abducted around 250. About 100 hostages are still inside Gaza, at least a third believed to be dead. Israel's air and ground offensive has killed more than 45,000 Palestinians, according to the Health Ministry. It says more than half the fatalities have been women and children, but doesn't say how many of the dead were fighters. Israel says it has killed more than 17,000 militants, without providing evidence. The offensive has caused widespread destruction and driven around 90% of the population of 2.3 million from their homes. Hundreds of thousands are packed into squalid tent camps along the coast, with from the cold, wet winter. Also Thursday, people mourned eight Palestinians killed by Israeli military operations in and around the city of Tulkarem in the occupied on Tuesday, according to the Palestinian Health Ministry. The Israeli military said that it opened fire after militants attacked soldiers, and it was aware of uninvolved civilians who were harmed in the raid.HOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001. If its return is comedic, some former employees who lost everything in Enron’s collapse aren’t laughing. “It’s a pretty sick joke and it disparages the people that did work there. And why would you want to even bring it back up again?” said former Enron employee Diana Peters, who represented workers in the company’s bankruptcy proceedings. Here’s what to know about the history of Enron and the purported effort to bring it back. Once the nation’s seventh-largest company, Enron filed for bankruptcy protection on Dec. 2, 2001, after years of accounting tricks could no longer hide billions of dollars in debt or make failing ventures appear profitable. The energy company's collapse put more than 5,000 people out of work, wiped out more than $2 billion in employee pensions and rendered $60 billion in Enron stock worthless. Its aftershocks were felt throughout the energy sector. Twenty-four Enron executives , including former CEO Jeffrey Skilling , were eventually convicted for their roles in the fraud. Enron founder Ken Lay’s convictions were vacated after he died of heart disease following his 2006 trial. On Monday — the 23rd anniversary of the bankruptcy filing — a company representing itself as Enron announced in a news release that it was relaunching as a “company dedicated to solving the global energy crisis.” It also posted a video on social media, advertised on at least one Houston billboard and a took out a full-page ad in the Houston Chronicle In the minute-long video that was full of generic corporate jargon, the company talks about “growth” and “rebirth.” It ends with the words, “We’re back. Can we talk?” Enron's new website features a company store, where various items featuring the brand's tilted “E” logo are for sale, including a $118 hoodie. In an email, company spokesperson Will Chabot said the new Enron was not doing any interviews yet, but that "We’ll have more to share soon.” Signs point to the comeback being a joke. In the “terms of use and conditions of sale” on the company's website, it says “the information on the website about Enron is First Amendment protected parody, represents performance art, and is for entertainment purposes only.” Documents filed with the U.S. Patent and Trademark Office show that College Company, an Arkansas-based LLC, owns the Enron trademark. The co-founder of College Company is Connor Gaydos, who helped create a joke conspiracy theory that claims all birds are actually surveillance drones for the government. Peters said that since learning about the “relaunch” of Enron, she has spoken with several other former employees and they are also upset by it. She said the apparent stunt was “in poor taste.” “If it’s a joke, it’s rude, extremely rude. And I hope that they realize it and apologize to all of the Enron employees,” Peters said. Peters, who is 74 years old, said she is still working in information technology because “I lost everything in Enron, and so my Social Security doesn’t always take care of things I need done.” “Enron’s downfall taught us critical lessons about corporate ethics, accountability, and the consequences of unchecked ambition. Enron’s legacy was the employees in the trenches. Leave Enron buried,” she said. This story was corrected to fix the spelling of Ken Lay’s first name, which had been misspelled “Key.” Follow Juan A. Lozano on X at https://x.com/juanlozano70
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ZUORA SHAREHOLDER BUYOUT LAWSUIT FILED: Investors Encouraged to Contact Kaskela Law LLC to ...Global stocks mostly rose Tuesday, with US and German indices posting records, as markets weighed Chinese stimulus hopes, political tensions in France and the US interest-rate outlook. Germany's blue-chip DAX stock index jumped above 20,000 points for the first time and Paris rebounded even as France braced for new political turmoil. In New York, both the S&P 500 and Nasdaq narrowly rose to finish at records, while the Dow pulled back. Oil prices jumped more than two percent following reports that crude exporters were near an agreement to extend production limits. A closely-watched labor market report showed an increase in US job openings in October, but also a decline in new job postings during the month, a less upbeat sign. Samuel Tombs, chief US economist at Pantheon Macroeconomics, said the data overall provides "good grounds" for the Federal Reserve to lower interest rates again this month. Still, the choppiness of Tuesday's trading session in New York points to reticence among US investors following a series of post-election records that many pundits believe have left stocks overvalued. "There wasn't a lot of conviction behind the upside moves," said Briefing.com . "The overall vibe in the market was more negative." Stocks in Paris edged higher even as France headed into a new political crisis as opposition lawmakers vowed to topple the minority government of Prime Minister Michel Barnier in a no-confidence vote after just three months in office. Germany's DAX, meanwhile, scored a fresh milestone, defying multiple headwinds battering Europe's biggest economy. The German economy, hit hard by a manufacturing slowdown and weak demand for its exports, has struggled in 2024. Yet the DAX has advanced in large part because companies in the index do heavy business abroad. In addition, the euro's recent weakness has boosted Germany's export-oriented companies, while easing interest rates both in the eurozone and the United States have also helped sentiment. Investors greeted a Bloomberg report that China's top leaders, including President Xi Jinping, would hold a two-day economic work conference next week to outline their targets and stimulus plans for next year. The report followed manufacturing activity data on Monday that suggested China's economic struggles may be coming to an end, but investors are looking for Beijing to step up support for the economy. The news helped push Hong Kong and Shanghai stock markets higher despite Washington announcing new export restrictions taking aim at Beijing's ability to make advanced semiconductors. The moves step up existing US efforts to tighten curbs on exports of state-of-the-art AI chips to China. Beijing hit back by saying it would restrict exports to the United States of some key components in making semiconductors. Oil prices jumped ahead of a meeting Thursday of members of the OPEC oil cartel and its allies "The forecast is that they will announce an extension until the end of the first quarter of 2025, and this should help put a floor under prices," said Trade Nation analyst David Morrison. New York - Dow: DOWN 0.2 percent at 44,705.53 (close) New York - S&P 500: UP 0.1 percent at 6,049.88 (close) New York - Nasdaq Composite: UP 0.4 percent at 19,480.91 (close) London - FTSE 100: UP 0.6 percent at 8,359.41 (close) Paris - CAC 40: UP 0.3 percent at 7,255.42 (close) Frankfurt - DAX: UP 0.4 percent at 20,016.75 (close) Tokyo - Nikkei 225: UP 1.9 percent at 39,248.86 (close) Hong Kong - Hang Seng Index: UP 1.0 percent at 19,746.32 (close) Shanghai - Composite: UP 0.4 percent at 3,378.81 (close) Euro/dollar: UP at $1.0511 from $1.0498 on Monday Pound/dollar: UP at $1.2673 from $1.2655 Dollar/yen: DOWN at 149.53 yen from 149.60 yen Euro/pound: DOWN at 82.94 from 82.95 pence Brent North Sea Crude: UP 2.5 percent at $73.62 per barrel West Texas Intermediate: UP 2.7 percent at $69.94 per barrel burs-jmb/dw
The Group General Manager, Continental Hotels, Karl Hala and General Manager, Lagos Continental, Christoph Schleissing, recently unveiled projects already embarked on at the Lagos and Abuja hotels aimed at leaving enduring legacies and memories with guests and tourists, writes Charles Ajunwa As I walked into the Lagos Continental Hotel that Morning after the usually detailed security checks through a smaller door as maintenance work was ongoing at the main entrance, guests and tourists were already checking in and out seamlessly with their luggage well arranged on the ground floor lobby. Within and outside the imposing structure on Abayomi Street, Victoria Island, there was this aura of fecundity in the air. The Group General Manager, Continental Hotels, Karl Hala, General Manager, Lagos Continental, Christoph Schleissing and other senior staff by 11 a.m. prompt were on the third-floor venue of the meeting to welcome us. As the lift opened, we were warmly received with pleasantries exchanged before breakfast was served. Hala, who has lived in Nigeria for 16 years with his family, hit the ground running by unveiling the reason for the meeting. According to him, Lagos Continental Hotel and Abuja Continental both formerly Intercontinental and Sheraton respectively, epitomise the luxury and lifestyle hospitality in Nigeria. “Together we have 947 elegantly big-sized rooms and suites and they do offer you unparalleled comfort. You know when you come somewhere, you have a feeling, like you just mentioned, in Asmara, when you feel, ah, I have arrived! “That is Continental. So what they offer is this unique experience that reflects this rich culture and diversity of Nigeria. What else we have and which is extremely iconic are our convention, media and banquet facilities. Both hotels have 5,000 square metres of meeting space, and can accommodate up to 3,500 delegates. Important to note, both are top state-of-the-art, both are pillarless, both have been refurbished recently, both are the centre for best conferencing in Nigeria, whether it’s the government enhancement delegation conference, whether it’s corporate gatherings, weddings or board meetings. So we provide all of that. It’s flexible, versatile and it’s covered by the best teams in the country. “To further support this, we just opened the Ladi Kwali Sports Village in Abuja. And that is a place which features sports facilities from tennis courts, volleyball, squash and table tennis. And a brand new gym which just opened last month (November).together with the gym in Lagos, which will enhance both of them, absolute top of fitness anything you wish within the technology. “So this Ladi Kwali building the sports facilities we added two paddle and two pickleball courts. So, when I was first told paddle built I said of course. So I went back and googled paddle. Paddle is the fastest growing sport in Africa and in Europe. But it has existed since the 60s in the US. “So are pickles. Now you can see it coming all over. So we have that in our premises in Abuja. So that serves as a hub for team-bonding and the togetherness and brainstorming for smaller groups, bigger groups. You want to have your visions for the next three years to come. “You work this and you can build in addition fun exercises. You can have this creativity and fun together. But you do the brainstorming sessions. You come up and challenge your mindset by being fit. “So it’s physical health and health creates future success for your team and for your company. That really has fostered teamwork and collaboration amongst all bodies. Whether it’s the big companies, whether it’s Oriflame or the MVCs or governmental bodies or the UNs, whoever it is, this is the way forward. And we are triggering this success through and through this new Ladi Kwali Village. And then we have a very impressive selection of culinary options in both hotels across 12 restaurants and bars. “We offer the finest Nigerian and international kitchen. And now the challenge. Michelin star. Michelin star is the pinnacle of acknowledgement being the best in the restaurant business. Do you know how many Michelin star restaurants there are in Africa? All over the world, they are in their thousands, but not in Africa. All over the world they are. In their thousands, but not in Africa. So I looked around and there are between LA, London and Dubai eight Nigerian restaurants. And one of them got a Michelin star. It’s Adejoke Bakare, the first black lady in the UK to be awarded. The restaurant is called Chisuru. Challenge through the media, the Mishla guide. Africa, we are here. If you take the story, this is an interesting ending, it has to do with Yam, yeah? So the ancient lore of the humble Nigerian Yam in all different variations. And we have it all over. We created. Now, if we can have success in LA, in Dubai, and in London, therefore, why not here. Shall we take it up together? We help, we push.’ Talking about the festive season which he described as “festive wonderland, festive continental,” adding, “We are to celebrate. It’s a very joyous season. And I must say, I’ve come to Nigeria for the last 16 years, and it has become very joyous. Decorations are there, events are there, you feel more mellow. Hala, who acknowledged the two hotels in Abuja and Lagos are finishing on a strong note economically in the last five months, said Abuja of course celebrates as well from gingerbread houses to amazing landscaping. “So when you come into Abuja because of the 14 hectares, it is a festive Christmas land you’re going to be overwhelmed with. When you come through, you will celebrate between the Christmas Eve’s because here one celebrates on the 25th at lunch, correct? So where we come from, 24th in the evening, so we celebrate both of those. “So they have wine pairings in the evenings, lavish Christmas, Santa lunches on the 25th, and then get ready for the crossovers on the 31st, where it will be between the restaurants and the pool bar. And the swimming pool has just been reopened. Brand new dialing, decking, whatsoever. Again, another brand new feature for us in Abuja. “And then they have very exclusive staycation packages. Makes families welcome to bring their family along and enjoy the sports village, the culinaries, the swimming pool, or just a walk, I want to say in the park, but it is like a park actually. We have a coconut garden, we have a lot of greens and all this around. This is the difference between Abuja and Lagos, the tranquility of Abuja. Greens, the hills, mountains around. It’s an amazing picture. I love both. “We also have Santa surprises for the children, workshops, cooking, everything around Abuja will offer. So similar to Lagos Abuja, just come, see and enjoy and relax. It’s the place to be for families this Christmas and then the crossover of course will be sensational. Not just fireworks, the fireworks will be on a culinary level with the entertainers, the singing, the dancing. And then we put a bit of light into the air, crossover. “For the next event, March, April, before Easter, we want to talk a little bit about academies, development, and how to bring the best skill set out of our teams. Don’t forget, indirectly and directly with Continental Hotels, we have over 1,700 colleagues. So we do have a platform we want to work with and we want to develop. Because the striving talent in Nigeria is always exciting. There is an eagerness to learn, to see, to perform. Now we want to make sure we realise it to the best with all the platforms which we can offer.It means the engagement with our employees comes to the best and up to the strengthening of the leadership. But we’ll discuss this in much more detail with much more exciting news like our own Academy just before Easter. “Yes, come and see us, come and enjoy, because with Continental Hotels, we are moving forward. We are staying agile. We will continue to innovate responsibly. And we will maintain and continue a relentless focus delivering memorable, bespoke experiences that define the Continental experience of luxury for the business.” The General Manager, Lagos Continental Hotel, Schleissing who arrived Lagos in August, from Kazakhstan in Central Asia, threw more light on the activities lined up for the festive period. “We are very much on the festive season and I think you all arrived to the lobby. You saw that we made a very nice, very festive decoration in the lobby. The goal was really to build a winter wonderland. We have a real Christmas boutique. We sell specialties all over the world. Some of them, we brought them directly from Germany or Italy or the UK. And many of them, we produce in-house. So it’s real, I think it’s a must to pass by the Boutique Alhambra. On the other hand, we go on.” On what he finds interesting about Nigeria, he said “First, is the climate and secondly, for me, most important are the people. When I look here at our people and our team, this genuine hospitality, very welcoming, we all speak the same language, makes my task to deliver exceptional hospitality, you know, easier.”
Share this Story : Gatineau teen charged with attempted murder Copy Link Email X Reddit Pinterest LinkedIn Tumblr Breadcrumb Trail Links News Local News Gatineau teen charged with attempted murder The alleged attack occurred on a cycling path in the Buckingham sector, police said Tuesday. Author of the article: Staff Reporter Published Dec 03, 2024 • Last updated 40 minutes ago • 1 minute read Join the conversation You can save this article by registering for free here . Or sign-in if you have an account. Gatineau Police Service Photo by Gatineau Police Service / HANDOUT Article content Gatineau police had charged an unidentified minor with attempted murder, aggravated assault and possession of a weapon for a dangerous purpose following an incident on a cycling path in the Buckingham sector on Monday. Article content Article content In a news release Tuesday, police said both the minor and the victim of the alleged attack went to a police station on Georges Street in Buckingham at about 1:30 p.m. on Dec. 2. Advertisement 2 Story continues below This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Elizabeth Payne, David Pugliese, Andrew Duffy, Bruce Deachman and others. Plus, food reviews and event listings in the weekly newsletter, Ottawa, Out of Office. Unlimited online access to Ottawa Citizen and 15 news sites with one account. Ottawa Citizen ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Elizabeth Payne, David Pugliese, Andrew Duffy, Bruce Deachman and others. Plus, food reviews and event listings in the weekly newsletter, Ottawa, Out of Office. Unlimited online access to Ottawa Citizen and 15 news sites with one account. Ottawa Citizen ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Sign In or Create an Account Email Address Continue or View more offers If you are a Home delivery print subscriber, online access is included in your subscription. Activate your Online Access Now Article content The youth was then arrested and charged. Police said the victim received injuries that were not deemed to be life-threatening during the incident on the cycling path near Georges and Pierre Laporte streets. The investigation into the incident was continuing, police said, adding that it appeared the victim and the attacker did not know each other. Our website is your destination for up-to-the-minute news, so make sure to bookmark our homepage and sign up for our newsletters so we can keep you informed. Recommended from Editorial Gatineau police, probing hit-and-run that left teen injured, ask for help Teenager hospitalized following south Ottawa school bus-van collision Article content Share this article in your social network Share this Story : Gatineau teen charged with attempted murder Copy Link Email X Reddit Pinterest LinkedIn Tumblr Comments You must be logged in to join the discussion or read more comments. Create an Account Sign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Trending City of Ottawa worker fired after audit uncovers kickback scheme with landlords Local News Layoffs could be on the table for public servants. 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Rohtak: In a shocking incident, a private financier was allegedly shot dead by some armed assailants here Friday night, triggering outrage among the residents of his native Dighal village in Jhajjar district. On Saturday, Dighal residents staged a protest on the Jhajjar-Rohtak road near Dighal toll plaza, demanding justice for the bereaved family. They said the police should eliminate the culprits in an encounter. Top police and administrative officials rushed to the scene to pacify the agitated villagers and persuaded them to lift the blockade. As per reports, the victim, Manjeet, was in Rohtak’s Kiloi village on Friday to attend a wedding in his cousin’s family. While he was returning home, some armed assailants in an SUV opened indiscriminate fire on his car, killing him on the spot. The preliminary investigations have linked the incident to gangster Himanshu alias Bhau . Manjeet, who previously served in the Delhi Police, was currently working as a financier in Delhi. We also published the following articles recently Two gangsters shot at in encounter Delhi Police engaged in a shootout with two members of the Tillu Tajpuriya-Davinder Bambiha gang in Rohini, injuring both suspects. The men were wanted for the murder of Amit Lakra, a rival Gogi gang member, last month. Police identified the accused as Narender and Abhishek, residents of Haryana. Narender allegedly masterminded the attack while Abhishek was the shooter. Raia villagers protest TCP amendments Raia villagers vehemently opposed the Regional Plan 2021 at Sunday's gram sabha, citing concerns over amendments to the Town and Country Planning Act. They argued these changes pave the way for converting agricultural land and hills into settlement zones, facilitating land sales to outsiders. Surge in snatchings and armed robberies alarms residents in east delhi A spate of snatchings and robberies has plagued east Delhi, leaving residents fearful. At least six incidents occurred in the past week, including a stabbing in a park, a brick attack at a bus depot, and a threat against a teen. Police have filed FIRs and made one arrest, with investigations ongoing and CCTV footage being analyzed. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .
Michigan fired offensive coordinator Kirk Campbell on Tuesday, ending his three-year tenure with the team and his first as playcaller. Campbell oversaw an offense that had slipped to 112th nationally in scoring and 129th in passing this fall, while using three different starting quarterbacks. He served as Michigan's quarterbacks coach in 2022, mentoring eventual first-round NFL draft pick J.J. McCarthy when the team won its first national championship since 1997. Editor's Picks Michigan WR Morris set to enter transfer portal 1h Adam Rittenberg CFB's top 50 recruiting classes for 2025: Flurry of flips provides new No. 1 55m Craig Haubert When Michigan promoted offensive coordinator Sherrone Moore to head coach, Moore promoted Campbell to the coordinator role. "This was a decision that I felt was in the best interest of our football program," Moore said in a statement. "I want to thank Kirk for his hard work and dedication to the university, Michigan football and our student-athletes. I wish him well in his future coaching endeavors." Tight ends coach Steve Casula will serve as interim offensive coordinator. Michigan, which upset archrival Ohio State to finish the regular season 7-5, will learn its bowl assignment and opponent this weekend. Campbell was offensive coordinator at Old Dominion in 2020 and 2021 before joining Michigan's staff as an offensive analyst in 2022. After McCarthy entered the NFL draft, Michigan turned to Davis Warren , a former walk-on quarterback, to open the season as the starter. Alex Orji and Jack Tuttle also started games at quarterback before Michigan went back to Warren. The offense will be replacing top running backs Kalel Mullings and Donovan Edwards and will lose top wide receiver Tyler Morris to the transfer portal. Junior tight end Colston Loveland , who leads Michigan in receptions (56), receiving yards (582) and receiving touchdowns (5), is a top NFL prospect and could elect to enter the draft in 2025. Michigan recently gained a commitment from quarterback Bryce Underwood , ESPN's top overall recruit in the 2025 class.
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