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HICKSVILLE, N.Y. , Dec. 13, 2024 /PRNewswire/ -- Flagstar Financial, Inc. (NYSE: FLG ) (the "Company") today announced the appointment of Brian Callanan , Senior Managing Director and General Counsel at Liberty Strategic Capital ("Liberty"), to its Board of Directors, effective December 16, 2024 . Commenting on the appointment, Joseph M. Otting , Chairman, President, and CEO said, "I'm pleased to have Brian join our Board. His proven track record and expertise in financial services, along with his strategic insights will be instrumental as we continue to execute on our transformation and long-term vision. Brian's perspectives will provide valuable guidance, and his leadership will play a critical role in driving sustainable growth, ensuring we achieve long-term success and maximize the value we deliver to our shareholders, employees, and clients." Callanan is a distinguished lawyer with extensive experience in financial regulation, regulatory compliance, and financial technology. At Liberty, Callanan leads the firm's legal function, serves on its Investment Committee, and focuses on financial sector investments. Prior to joining Liberty, he served as General Counsel of the U.S. Department of the Treasury, overseeing 2,000 lawyers across the department. As Chief General Counsel, he played a key role in major initiatives such as economic rescue programs during COVID-19, the design of new economic sanctions, and the implementation of tax reform. While serving as Deputy General Counsel, Callanan managed major litigation and advised on regulatory reform efforts, among other responsibilities. For his service, he received the Alexander Hamilton Award, the department's highest honor. This appointment aligns with the $1.05 billion equity investment in March 2024 , which stipulated that two Board seats would be granted to lead investor Liberty Strategic Capital. With Callanan's addition, the Company's Board of Directors, which was reconstituted earlier in 2024, expands to nine members, including Chairman, President, and Chief Executive Officer, Joseph M. Otting , Milton Berlinski , Alessandro P. DiNello , Alan Frank , Marshall Lux , Lead Independent Director Secretary Steven T. Mnuchin , Allen Puwalski , and Jennifer Whip. About Flagstar Financial, Inc. Flagstar Financial, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The Company is headquartered in Hicksville, New York . At September 30, 2024, the Company had $114.4 billion of assets, $73.0 billion of loans, deposits of $83 .0 billion, and total stockholders' equity of $8 .6 billion. Flagstar Bank, N.A. operates over 400 branches, including a significant presence in the Northeast and Midwest and locations in high growth markets in the Southeast and West Coast. In addition, the Bank has approximately 80 private banking teams located in over 10 cities in the metropolitan New York City region and on the West Coast, which serve the needs of high-net worth individuals and their businesses. Cautionary Statements Regarding Forward-Looking Statements This release may include forward‐looking statements by the Company and our authorized officers pertaining to such matters as our goals, beliefs, intentions, and expectations regarding (a) revenues, earnings, loan production, asset quality, liquidity position, capital levels, risk analysis, divestitures, acquisitions, and other material transactions, among other matters; (b) the future costs and benefits of the actions we may take; (c) our assessments of credit risk and probable losses on loans and associated allowances and reserves; (d) our assessments of interest rate and other market risks; (e) our ability to execute on our strategic plan, including the sufficiency of our internal resources, procedures and systems; (f) our ability to attract, incentivize, and retain key personnel and the roles of key personnel; (g) our ability to achieve our financial and other strategic goals, including those related to our merger with Flagstar Bancorp, Inc., which was completed on December 1, 2022, our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, and our ability to fully and timely implement the risk management programs institutions greater than $100 billion in assets must maintain; (h) the effect on our capital ratios of the approval of certain proposals approved by our shareholders during our 2024 annual meeting of shareholders; (i) the conversion or exchange of shares of the Company's preferred stock; (j) the payment of dividends on shares of the Company's capital stock, including adjustments to the amount of dividends payable on shares of the Company's preferred stock; (k) the availability of equity and dilution of existing equity holders associated with amendments to the 2020 Omnibus Incentive Plan; (l) the effects of the reverse stock split; and (m) transactions relating to the sale of our mortgage business and mortgage warehouse business. Forward‐looking statements are typically identified by such words as "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "should," "confident," and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which change over time. Additionally, forward‐looking statements speak only as of the date they are made; the Company does not assume any duty, and does not undertake, to update our forward‐looking statements. Furthermore, because forward‐looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those anticipated in our statements, and our future performance could differ materially from our historical results. Our forward‐looking statements are subject to, among others, the following principal risks and uncertainties: general economic conditions and trends, either nationally or locally; conditions in the securities, credit and financial markets; changes in interest rates; changes in deposit flows, and in the demand for deposit, loan, and investment products and other financial services; changes in real estate values; changes in the quality or composition of our loan or investment portfolios, including associated allowances and reserves; changes in future allowance for credit losses, including changes required under relevant accounting and regulatory requirements; the ability to pay future dividends; changes in our capital management and balance sheet strategies and our ability to successfully implement such strategies; recent turnover in our Board of Directors and our executive management team; changes in our strategic plan, including changes in our internal resources, procedures and systems, and our ability to successfully implement such plan; changes in competitive pressures among financial institutions or from non‐financial institutions; changes in legislation, regulations, and policies; the imposition of restrictions on our operations by bank regulators; the outcome of pending or threatened litigation, or of investigations or any other matters before regulatory agencies, whether currently existing or commencing in the future; the success of our blockchain and fintech activities, investments and strategic partnerships; the restructuring of our mortgage business; our ability to recognize anticipated expense reductions and enhanced efficiencies with respect to our recently announced strategic workforce reduction; the impact of failures or disruptions in or breaches of the Company's operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns; the impact of natural disasters, extreme weather events, military conflict (including the Russia / Ukraine conflict, the conflict in Israel and surrounding areas, the possible expansion of such conflicts and potential geopolitical consequences), terrorism or other geopolitical events; and a variety of other matters which, by their nature, are subject to significant uncertainties and/or are beyond our control. Our forward-looking statements are also subject to the following principal risks and uncertainties with respect to our merger with Flagstar Bancorp, which was completed on December 1, 2022 , and our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction: the possibility that the anticipated benefits of the transactions will not be realized when expected or at all; the possibility of increased legal and compliance costs, including with respect to any litigation or regulatory actions related to the business practices of acquired companies or the combined business; diversion of management's attention from ongoing business operations and opportunities; the possibility that the Company may be unable to achieve expected synergies and operating efficiencies in or as a result of the transactions within the expected timeframes or at all; and revenues following the transactions may be lower than expected. Additionally, there can be no assurance that the Community Benefits Agreement entered into with NCRC, which was contingent upon the closing of the Company's merger with Flagstar Bancorp, Inc., will achieve the results or outcome originally expected or anticipated by us as a result of changes to our business strategy, performance of the U.S. economy, or changes to the laws and regulations affecting us, our customers, communities we serve, and the U.S. economy (including, but not limited to, tax laws and regulations). More information regarding some of these factors is provided in the Risk Factors section of our Annual Report on Form 10‐K/A for the year ended December 31, 2023, Quarterly Report on Forms 10-Q for the quarters ended March 31, 2024 , June 30, 2024 , and September 30, 2024 , and in other SEC reports we file. Our forward‐looking statements may also be subject to other risks and uncertainties, including those we may discuss in this news release, on our conference call, during investor presentations, or in our SEC filings, which are accessible on our website and at the SEC's website, www.sec.gov . Investor Contact: Salvatore J. DiMartino (516) 683-4286 Media Contact: Nicole Yelland (248) 219-9234 SOURCE Flagstar Financial, Inc.
MetLife Investment Management LLC increased its holdings in shares of Metals Acquisition Limited ( NYSE:MTAL – Free Report ) by 129.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,654 shares of the company’s stock after acquiring an additional 17,836 shares during the quarter. MetLife Investment Management LLC’s holdings in Metals Acquisition were worth $438,000 as of its most recent SEC filing. Other large investors have also added to or reduced their stakes in the company. Townsquare Capital LLC bought a new position in Metals Acquisition during the third quarter worth $284,000. FMR LLC acquired a new stake in shares of Metals Acquisition during the 3rd quarter worth about $107,000. Quantbot Technologies LP bought a new stake in shares of Metals Acquisition during the 3rd quarter worth about $46,000. Bank of Montreal Can acquired a new position in Metals Acquisition in the 3rd quarter valued at about $6,049,000. Finally, Regal Partners Ltd raised its holdings in Metals Acquisition by 1.7% in the 3rd quarter. Regal Partners Ltd now owns 406,327 shares of the company’s stock valued at $5,628,000 after acquiring an additional 6,651 shares during the period. Institutional investors own 87.47% of the company’s stock. Metals Acquisition Stock Performance MTAL stock opened at $12.26 on Friday. Metals Acquisition Limited has a fifty-two week low of $9.75 and a fifty-two week high of $15.26. The company has a current ratio of 0.84, a quick ratio of 0.69 and a debt-to-equity ratio of 0.85. The business’s fifty day moving average price is $12.68 and its two-hundred day moving average price is $12.73. Wall Street Analyst Weigh In Get Our Latest Analysis on Metals Acquisition Metals Acquisition Company Profile ( Free Report ) Metals Acquisition Limited focuses on mining and production of copper and silver. It operates the CSA copper mine in Cobar, Australia. The company was incorporated in 2022 and is headquartered in Saint Helier, Jersey. See Also Want to see what other hedge funds are holding MTAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Metals Acquisition Limited ( NYSE:MTAL – Free Report ). Receive News & Ratings for Metals Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metals Acquisition and related companies with MarketBeat.com's FREE daily email newsletter .‘America’s Burning’ Duo Michael Douglas & David Smick Say They Still Have Hope For The Nation – Contenders Documentary
Townsquare Capital LLC increased its holdings in shares of Valley National Bancorp ( NASDAQ:VLY – Free Report ) by 11.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,365 shares of the company’s stock after buying an additional 1,521 shares during the quarter. Townsquare Capital LLC’s holdings in Valley National Bancorp were worth $130,000 at the end of the most recent reporting period. Several other institutional investors have also recently bought and sold shares of VLY. AQR Capital Management LLC raised its position in Valley National Bancorp by 193.2% in the second quarter. AQR Capital Management LLC now owns 10,173,791 shares of the company’s stock valued at $69,233,000 after purchasing an additional 6,703,552 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Valley National Bancorp by 1,501.7% in the 3rd quarter. Victory Capital Management Inc. now owns 5,676,685 shares of the company’s stock valued at $51,431,000 after buying an additional 5,322,278 shares during the last quarter. Millennium Management LLC boosted its position in Valley National Bancorp by 995.0% during the 2nd quarter. Millennium Management LLC now owns 2,775,698 shares of the company’s stock worth $19,374,000 after buying an additional 2,522,204 shares during the period. Point72 Asset Management L.P. grew its holdings in Valley National Bancorp by 461.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 567,303 shares of the company’s stock worth $3,960,000 after acquiring an additional 466,303 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in Valley National Bancorp by 103.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 843,376 shares of the company’s stock worth $5,887,000 after acquiring an additional 428,851 shares during the last quarter. Institutional investors and hedge funds own 61.00% of the company’s stock. Valley National Bancorp Price Performance Shares of VLY opened at $10.51 on Friday. The firm has a market cap of $5.35 billion, a PE ratio of 16.95 and a beta of 1.09. Valley National Bancorp has a 52-week low of $6.47 and a 52-week high of $11.22. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.97 and a current ratio of 0.99. The business’s 50 day moving average price is $9.73 and its two-hundred day moving average price is $8.43. Valley National Bancorp Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.44 annualized dividend and a dividend yield of 4.19%. Valley National Bancorp’s dividend payout ratio is presently 70.97%. Analyst Ratings Changes A number of equities analysts have recently commented on VLY shares. StockNews.com lowered shares of Valley National Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. Barclays upped their price target on Valley National Bancorp from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Thursday. Wedbush reissued a “neutral” rating and issued a $10.00 price target on shares of Valley National Bancorp in a research note on Friday, October 25th. Royal Bank of Canada lifted their price objective on Valley National Bancorp from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Morgan Stanley increased their target price on shares of Valley National Bancorp from $9.50 to $10.00 and gave the company an “equal weight” rating in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $10.00. Check Out Our Latest Stock Report on Valley National Bancorp About Valley National Bancorp ( Free Report ) Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments. Featured Articles Want to see what other hedge funds are holding VLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valley National Bancorp ( NASDAQ:VLY – Free Report ). Receive News & Ratings for Valley National Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valley National Bancorp and related companies with MarketBeat.com's FREE daily email newsletter .FLAGSTAR FINANCIAL, INC. NAMES LEE SMITH AS CHIEF FINANCIAL OFFICER
No. 24 UCLA is seeking its eighth straight win on Saturday against an Arizona team that is trying to right the ship after dropping four of its last six games. The game is being played in Phoenix, billed as part of the Hall of Fame Series. It's the first meeting between the storied ex-Pac-12 rivals since the conference's collapse last year and will be the first time the teams have met in a nonconference matchup since 1977. UCLA (8-1) is off to a surprisingly hot start after a nightmarish last season. The Bruins have won seven in a row after falling to New Mexico on Nov. 8. They're coming directly off a 73-71 victory over No. 12 Oregon on Sunday on a game-winning 3-pointer by Dylan Andrews with 0.3 seconds remaining. Eric Dailey Jr. led the way with 19 points on 7-of-8 shooting. The Bruins sit at 2-0 in conference play in their first season as a member of the Big Ten. "My analysis early of the Big Ten is that it's so deep," UCLA coach Mick Cronin said. "I know it probably always was that way, but now it's deeper. You've just got to get better. "I also coach at UCLA where we get the most titles and (have been to) the second-most finals. I didn't come to UCLA to win regular-season games. For us, it's about progression and getting better. "We were able to win (against Oregon) but I thought we got a lot better. We came together. We got more cohesive. The guys played with confidence." Tyler Bilodeau leads UCLA in scoring and rebounding, averaging 13.3 points and 5.9 rebounds per game. Bilodeau played his first two collegiate seasons at Oregon State, although his maiden voyage at UCLA is only his second season as a regular starter. Dailey, a transfer from Oklahoma State, doesn't trail too far behind in either category, averaging 12.3 points and 5.2 rebounds per game. USC transfer Kobe Johnson leads the Bruins with 3.2 assists while also tallying 7.3 points and 5.1 rebounds per game. The Wildcats (4-4) are in the midst of a dreadful start, needing a 102-66 win over Southern Utah to nurse themselves back to .500. Before that, Arizona was just one for its last five. The Wildcats are winless against fellow power-conference opponents, suffering double-digit losses to Wisconsin and Duke. Arizona also absorbed a five-point loss to Oklahoma and a seven-point overtime loss to West Virginia at the Battle 4 Atlantis. "Great programs are going to stumble once in a while," Arizona coach Tommy Lloyd said. "The response is the key. Learning from it and coming back stronger is the objective and that's the challenge. We obviously have been challenged early in the season. "(The emphasis needs to be on) Arizona basketball, because here's the deal: UCLA is a good program. If we go in and all we're worried about is UCLA and we assume that we're going to show up and play well, we're going to get our ass kicked." The Wildcats are led by Caleb Love, who returned for a second season at Arizona and a fifth in college overall after he played his first three seasons at North Carolina. Love is averaging 14.1 points per game on 37.2 percent shooting, down from 18 points per game a season ago. Aside from Love, Arizona has four more players averaging in double figures for the season: Jaden Bradley (12.0 ppg), Trey Townsend (11.3), KJ Lewis (10.3) and Anthony Dell'Orso (10.0). --Field Level MediaAP News Summary at 4:08 p.m. ESTFar-right influencer Nick Fuentes accused of pepper spraying woman on his doorstep
MANILA, Philippines – Good news for all children and children at heart! The famed Museo Pambata is reopening on December 6, with new and exciting activities and exhibits for all. The Philippines’ first children’s museum located in Ermita, Manila, is celebrating its 30th anniversary with its new theme “Isla Pambata (Children’s Island)” — a tribute to the diverse and vibrant experiences of Filipino children all over the country. “Generations of children have passed through Museo Pambata’s doors, and this anniversary honors them — and those yet to come,” Museo Pambata founder Nina Lim-Yuson said during the media launch on Wednesday, November 27. Museo Pambata was one of the many cultural establishments that had to close due to the pandemic. Coupled with having to deal with structural problems within the building, the institution has since only been able to hold limited events and private programs within the museum. Since 2020, Museo Pambata’s board has been working to not only return the museum to its pre-pandemic state but to update it based on the needs of today’s children. “Our hope for Museo Pambata is to be an intergenerational cultural playground,” said president Bambi Manosa-Tanjutco. “It’s where we want Filipinos of all ages to believe in the power of our culture and collectively dream of this future, today.” Not all spaces within the museum will be available to the public until early 2025, but visitors can look forward to exploring several exciting spaces during their reopening in December. Here’s what you can expect! New and improved spaces THE museum features art from all corners of the country. Luna Coscolluela/Rappler The Habi area celebrates art from indigenous communities in the Philippines, showcasing the beauty and variety of creation that the country has to offer. THE Kalikasan area focuses on the elements of nature. Luna Coscolluela/Rappler Kalikasan, a staple section of Museo Pambata, has been updated with an installation by National Artist Kidlat Tahimik. UNDER the sea, Museo Pambata emphasizes current realities of the world. Luna Coscolluela/Rappler The Karagatan area showcases the magic of our country’s connection with water while also highlighting the climate crisis affecting our bodies of water today. THE museum encourages the use of both indoor and outdoor areas. Image from Museo Pambata In the outdoor space of the museum, visitors will be able to enjoy the renovated playground Bahay Pukyutan for free play and physical exercise. THE Bahay Kubo is a modern twist on a Filipino staple. Luna Coscolluela/Rappler One of the new additions since the pandemic, Bahay Kubo 2.0 reimagines the bahay kubo within the urban setting. As Manosa-Tanjutco assured during the media preview of the space, their team made sure to keep the iconic elements of the museum intact while also leaving room for innovation. Exploring the renovated museum reveals an interesting mix of both the new and old, a middle ground between nostalgia and growth. The updated Museo Pambata is the perfect home for not only the memories of those who have visited before, but also those who are going to experience the museum for the first time. Activating the space As part of the museum’s initiative to create a space intended to demonstrate the abilities of children, they have incorporated programs and activities meant to foster creativity in the youth. MUSEO Pamabata encourages children to contribute to creating the space. Luna Coscolluela/Rappler Sikat Sining is a program that encourages both the creation and exhibition of children’s art. “We invite different students, different kids from different schools to come to Museo Pambata and put a little bit of art into the space,” explained Manosa-Tanjutco. .igframe iframe{background: white; max-width: 540px; width: calc(100% - 2px); border-radius: 3px; border: 1px solid rgb(219, 219, 219); box-shadow: none; display: block; margin: 0px 0px 12px; min-width: 326px; padding: 0px;height: 967px;}@media screen and (max-width: 760px){.igframe iframe{height: 710px;}u} Another program is Dulaan Pambata, which turns the exhibits into living dioramas that visitors can interact with. The museum invites different theater groups to fill the spaces with life and encourage imagination in kids and adults alike. Balay Yatu One of the newest additions to the Museo Pambata experience is Balay Yatu which will be home to the museum’s gift shop and cafe. The space will also be used to house exhibits and shows curated by the youth, kicking off with an installation called Kaluluwa, and the Kalikasan, Kapwa, and Kabutihan exhibits. .igframe iframe{background: white; max-width: 540px; width: calc(100% - 2px); border-radius: 3px; border: 1px solid rgb(219, 219, 219); box-shadow: none; display: block; margin: 0px 0px 12px; min-width: 326px; padding: 0px;height: 967px;}@media screen and (max-width: 760px){.igframe iframe{height: 710px;}u} “Museums globally are changing, decolonizing and reimagining into more complex cultural playgrounds,” said Manosa-Tanjutco. “Museo Pambata aims to be at the forefront of this change with Balay Yatu: Asia’s first youth-curated creative space and cultural center.” The future of Museo Pambata Following its reopening in December, the museum plans to continue its vision of curating an innovative and enjoyable experience for children. They will open new spaces in 2025 including an exhibit called Dwellings by artist couple Alfredo & Isabel Aquilizan, Ang Kwento ng Jollibee dedicated to Museo Pambata sponsor Jollibee, and the Classroom of the Future, a technology-centered space designed by JJ Acuña in collaboration with Khan Academy and Samsung. Visitors can also look forward to attending special events held by the museum: Pista ng Kapuluan: Archipelago Fiesta – November 30, 2024 to February 2025 Archipelago Convention – November 30 to December 1, 2024 Pista Pambata – December 1, 2024 Designearth/disenyomundo – January 18 to 19, 2025 Parada Pambata – January 25, 2025 Pista ng Kapuluan: Film Festival – February 21 to 22, 2025 Updates on the museum events can be found on their social media pages. Museo Pambata, which opened in 1994, is the first children’s museum in the Philippines. Since its establishment, it has been dedicated to giving children exciting and interactive experiences while immersing in Filipino culture. It is located along Roxas Boulevard on the corner of South Drive, Ermita, Manila. Starting on December 6, they will be open to the public on Fridays, Saturdays, and Sundays with the first session from 10 am to 12 pm and the second from 2 pm to 4 pm. The museum is also open to school tours and private events from Tuesday to Thursday. The entrance fee is P450 per person with a 20% discount for seniors and PWDs. The fee is waived for children below two years old. – Rappler.com
Maschmeyer's 34 saves carry Ottawa Charge past New York Sirens, 3-1EL SEGUNDO, Calif. (AP) — J.K. Dobbins will miss at least the next four games after the Los Angeles Chargers placed the running back on injured reserve Saturday. The team also placed safety Alohi Gilman on injured reserve and signed safety Tony Jefferson to the active roster. Dobbins sprained the MCL in his left knee late in the first half of the Chargers’ 30-23 loss to the Baltimore Ravens on Monday. Dobbins is fourth in the AFC in rushing with 766 yards and averages 4.8 yards per carry, third highest among AFC running backs with at least 100 carries. He has been considered among the candidates for AP Comeback Player of the Year after suffering a torn Achilles tendon in last season’s opener. Gus Edwards will be counted on to be the lead back in Dobbins' absence. Edwards missed four games during the middle of the season because of an ankle injury and has 25 carries for 93 yards in three games since returning to the lineup. The Chargers are 7-4 and hold the sixth seed in the AFC going into Sunday's game at NFC South leader Atlanta (6-5). Los Angeles is at Kansas City (10-1) in a prime-time game on Dec. 8, hosts Tampa Bay (5-6) on Dec. 15 and Denver (7-5) on Dec. 19. Gilman suffered a hamstring injury in the loss to the Ravens. He has 47 tackles, which is fifth on the team, along with one sack. Los Angeles also elevated cornerback Dicaprio Bootle and linebacker Jeremiah Jean-Baptiste from the practice squad for Sunday’s game. AP NFL: https://apnews.com/hub/nfl
EL SEGUNDO, Calif. (AP) — J.K. Dobbins will miss at least the next four games after the Los Angeles Chargers placed the running back on injured reserve Saturday. The team also placed safety Alohi Gilman on injured reserve and signed safety Tony Jefferson to the active roster. Dobbins sprained the MCL in his left knee late in the first half of the Chargers’ 30-23 loss to the Baltimore Ravens on Monday. Dobbins is fourth in the AFC in rushing with 766 yards and averages 4.8 yards per carry, third highest among AFC running backs with at least 100 carries. He has been considered among the candidates for AP Comeback Player of the Year after suffering a torn Achilles tendon in last season’s opener. Gus Edwards will be counted on to be the lead back in Dobbins' absence. Edwards missed four games during the middle of the season because of an ankle injury and has 25 carries for 93 yards in three games since returning to the lineup. The Chargers are 7-4 and hold the sixth seed in the AFC going into Sunday's game at NFC South leader Atlanta (6-5). Los Angeles is at Kansas City (10-1) in a prime-time game on Dec. 8, hosts Tampa Bay (5-6) on Dec. 15 and Denver (7-5) on Dec. 19. Gilman suffered a hamstring injury in the loss to the Ravens. He has 47 tackles, which is fifth on the team, along with one sack. Los Angeles also elevated cornerback Dicaprio Bootle and linebacker Jeremiah Jean-Baptiste from the practice squad for Sunday’s game. AP NFL: https://apnews.com/hub/nfl
Ayra Wang BioLogiQ, a technological company, has developed a method to convert potato starch into a plant-based material. This innovative material can be manufactured into reusable cups and cutlery, significantly contributing to the reduction of carbon emissions in urban areas. The company's breakthrough technology was recognized with a gold award at the 4th Asia Exhibition of Innovations and Inventions, held at the Hong Kong Convention and Exhibition Centre on December 5 and 6. Ken Kramer, BioLogiQ's president and chief technology officer, called the award an affirmation of the hard work by the company's research and development team. He expressed hope that their invention would help mitigate human-caused pollution and promote sustainable development for future generations. "I've been involved in the plastic manufacturing industry for over 30 years, and I understand the environmental harm caused by fossil fuels and plastics," Kramer said in an exclusive interview with Sing Tao Daily, a sister publication to The Standard. Founded in 2011, the US-based company expanded into Asia in 2019, establishing its regional office in Hong Kong and a factory across the border in Shaoguan. Kramer said that the plant-based material is derived from crops such as potatoes and corn and can reduce carbon emissions by up to 46 percent compared to conventional plastics. "Fossil fuels are not renewable and contribute to pollution, whereas plants can be regrown and absorb carbon dioxide during their growth," he said. Plant-based materials, he added, are often stronger than those made from fossil fuels. Kramer highlighted the fact that plant-based materials are more cost-effective than wood, bamboo and paper, especially now that the SAR government is promoting a citywide plastic-free lifestyle. "Cutting down trees or bamboo is detrimental to the environment, as it takes years for trees to grow back," he said. "In contrast, crops like potatoes and corn can be harvested two to three times a year, allowing factories to utilize existing machinery for plant-based material production," he said. While the company's products can contain up to 50 percent plant-based materials, they typically mix in 10 to 25 percent traditional plastics to keep costs manageable for consumers. Kramer's aim is for some products to achieve 100 percent plant-based content for agricultural use next year, with plans to develop entirely plant-based products within five years. Linda Lee Wai-ling, the company's managing director, said the plant-based material is converted from the starch of potatoes or corn. BioLogiQ also plans to recycle wastewater containing starch from fry production facilities as a raw material. Lee reassured people that using crops for plastic does not impact the food supply, as the plant-based materials industry currently uses only 0.02 percent of agricultural land, and that is projected to rise to just 0.073 percent by 2028. "It's not a waste of food; starch is already used in paper production, though many people may not realize it," Lee said. The company aims to integrate environmental protection into everyday life by producing household items like reusable tableware, cups and food bags made from plant-based materials. "We want consumers to engage in environmental protection easily and affordably," Lee said. Plant-based materials, she added, can help reduce microplastic contamination in the food chain, protecting human health. "Currently, over 90 percent of plastic waste ends up in landfills or nature, breaking down into microplastics that pollute oceans and soil. These microplastics can eventually enter the food chain," she said. The company is in discussions with local juice producer Bless to create containers, packages and plastic bags made from plant-based materials, with anticipated discounts for consumers next year. Lee said plant-based materials are 100 percent compostable, non-toxic and environmentally friendly, making them ideal for non-reusable items aimed at reducing pollution. BioLogiQ plans to expand the use of plant-based non-woven materials into various applications, including disposable masks, hospital protective clothing and diapers, which cannot be reused due to hygiene concerns.FLAGSTAR FINANCIAL, INC. APPOINTS BRIAN CALLANAN TO BOARD OF DIRECTORS
Andrews Sykes Group plc ( LON:ASY – Get Free Report ) shares hit a new 52-week low during trading on Friday . The stock traded as low as GBX 480 ($6.04) and last traded at GBX 503.40 ($6.33), with a volume of 143 shares traded. The stock had previously closed at GBX 496.50 ($6.25). Andrews Sykes Group Stock Up 1.4 % The stock has a market cap of £210.72 million, a P/E ratio of 1,227.80 and a beta of 0.47. The company has a current ratio of 2.11, a quick ratio of 3.08 and a debt-to-equity ratio of 34.80. The firm’s fifty day moving average is GBX 517.74 and its 200 day moving average is GBX 543.60. About Andrews Sykes Group ( Get Free Report ) Andrews Sykes Group plc, an investment holding company, engages in the hire, sale, and installation of environmental control equipment in the United Kingdom, rest of Europe, the Middle East, Africa, and internationally. The company operates through Hire and Sales UK, Hire and Sales Europe, Hire and Sales Middle East, and Installation and Maintenance segments. See Also Receive News & Ratings for Andrews Sykes Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Andrews Sykes Group and related companies with MarketBeat.com's FREE daily email newsletter .
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