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On paper, being more sustainable and eco-friendly while shopping sounds great—so why don’t more people do it? There is growing consumer consciousness about the environmental impact of where people choose to shop and the sustainability of the products they buy. According to McKinsey, over 60% of individuals surveyed in 2020 said they would be willing to pay more for a product that is packaged in an eco-friendly way. Since 2019, products marketed as being environmentally sustainable have seen a 28% growth in revenue compared to 20% for products with no such marketing, a 2023 McKinsey and NielsenIQ report found. Much of this is thanks to the preferences and attitudes of Gen Z, who, on average, care more than their older counterparts about being informed shoppers. The younger generation also has more social justice and environmental awareness altogether. Shoppers are willing to spend around 9.7% more on a product they know is sourced or manufactured sustainably, with 46% saying they would do so explicitly because they want to reduce their environmental footprint, according to a 2024 PwC report. Sustainable practices consumers look for from companies include production methods, packaging, and water conservation. But despite the growing consciousness around being more environmentally responsible, consumer actions don’t always align with their values. In psychology, this is defined as the “say-do gap”: the phenomenon wherein people openly express concern and intention around an issue, but fail to take tangible action to make a change. According to the Harvard Business Review in 2019, most consumers (65%) say they want to buy from brands that promote sustainability, but only 1 in 4 follow through. So why don’t people actually shop sustainably, despite how much they express a preference for eco-friendly products—and how can we close the gap? The RealReal examined reports from the Harvard Business Review and other sources to explore why some shoppers want to buy sustainably but struggle to follow through. This lack of action isn’t due to a lack of caring—in many cases, it’s hard to know how to be a sustainable consumer and other factors are often outside of shoppers’ control. But the more people shop sustainably, the easier and more accessible that market will be for everyone—making it much easier for folks to buy aligned with their values. There are many obstacles preventing shoppers from upholding eco-friendly habits as much as they may want to—but not all of these barriers are necessarily real, or accurately understood. Shopping sustainably simply isn’t convenient or accessible for many. Those who live in apartment buildings are 50% less likely to recycle , according to Ipsos. Reasons for this can vary from lack of space to buildings being excluded altogether because of recycling contamination issues. Many believe that sustainable products are too expensive or of a lower quality. The former is often true, which does create a hurdle for many: The manufacturing processes and materials for sustainable products are pricey. For instance, organic cotton requires an intensive production process free of certain chemicals or pesticides; by definition, true eco-friendly products can’t be mass-produced, further upping their price tag. Using recycled materials for packaging, or obtaining an eco certification, can also be expensive. However, although the narrative of eco-friendly products being more expensive is true, there is often more of an effort to use better quality materials that last longer than their noneco-friendly counterparts. This could end up saving consumers money in the long run: By paying more upfront, they can get more wear out of sustainable fashion, for instance. There is also undeniable political rhetoric surrounding eco-friendly products—however, despite many Conservative politicians decrying sustainable products, members of all generations are increasingly choosing to prioritize shopping sustainably regardless of their political affiliation, according to research from NYU Stern Center for Sustainable Business . This finding shows a trend toward seeing sustainability as a nonpartisan subject everyone can benefit from, no matter where they lie on the political spectrum. Some might think eco-friendly clothing, in particular, is not fashion-forward; after all, many of the top clothing retailers in the world partake in fast fashion. However, brands are increasingly being recognized as ‘cool’ and ‘trendy’ for supporting environmentally ethical practices, particularly as younger generations prioritize sustainability, as noted before. Many increasingly popular online stores are taking advantage of this paradigm shift by offering secondhand shopping options that are not only fashionable, but also more affordable, like ThredUp or Poshmark. Additionally, many legacy large-name brands are hopping on the sustainability movement and are gaining appreciation from loyal customers. Amazon’s Climate Pledge Friendly program partners with third-party certification bodies to make it easier for shoppers to identify eco-friendly products as they browse the website. H&M’s newly launched H&M Rewear program debuts a resale platform that allows the resale of all clothing brands—not just their own. Similarly, Patagonia’s Worn Wear program allows shoppers to trade in and buy used gear and clothing. The federal government is also working to close this gap. The Environmental Protection Agency’s Safer Choice program is attempting to make sustainable shopping easier for consumers and companies alike. It includes a directory of certified products, a list of safer chemicals to look out for on labels, a “Safer Choice” label that products can earn to denote they are eco-friendly, and resources for manufacturers looking to adopt more sustainable practices. Most of all, though, the biggest way shoppers can shift toward sustainable shopping is through their behaviors and attitudes amongst their peers and communities. Studies show that humans largely care what others think of their actions; the more shoppers make environmentally conscious shopping the norm, the more others will follow suit. From an economic perspective, the more consumers shop eco-friendly, the more affordable and accessible these products will become, too: Sustainable products are currently more expensive because they are not in high demand. Once demand rises, production rates and prices can lower, making these products more accessible for all. Story editing by Carren Jao. Additional editing by Kelly Glass. Copy editing by Kristen Wegrzyn. This story originally appeared on The RealReal and was produced and distributed in partnership with Stacker Studio. Founded in 2017, Stacker combines data analysis with rich editorial context, drawing on authoritative sources and subject matter experts to drive storytelling.
Seattle Seahawks receiver is DK Metcalf is just fine when he doesn't have the the ball because it means he gets to showcase his blocking skills. “I just look at it as a sign of respect that I’ve gained from other defensive coordinators and just continue to do my job with it as blocking or being a decoy,” the two-time Pro Bowler said. While opposing defenses have keyed in on Metcalf, other aspects of Seattle's offense have surfaced during its four-game winning streak. The run has the Seahawks (8-5) sitting atop the NFC West heading into Sunday night's game against the visiting Green Bay Packers (9-4). Geno Smith's new top target is second-year receiver Jaxon Smith-Njigba, who needs 89 receiving yards for his first career 1,000-yard season. Smith-Njigba has 75 catches for 911 yards and five touchdowns, while Metcalf, often dealing with double coverage, has 54 catches for 812 yards and two scores. Metcalf says he feels the pride of a “proud parent or a big brother” when it comes to Smith-Njigba's success. Seattle's offense also got a boost from the ground game in a 30-18 victory over the Arizona Cardinals last weekend . Zach Charbonnet, filling in for the injured Kenneth Walker III, ran for a career-best 134 yards and two touchdowns. The Seahawks face another hot team in the Packers (9-4), who have won seven of nine. Green Bay's two losses over that stretch have come against NFC-best Detroit (12-1), including a 34-31 victory by the Lions on Dec. 5, which means the NFC North title is likely out of reach for the Packers. The Packers are well-positioned for a playoff berth, but that almost certainly won't come this weekend. They would need a win, a loss or tie by the Atlanta Falcons and a tie between the Los Angeles Rams and San Francisco 49ers. Metcalf, who learned to block from his father, former Chicago Bears offensive lineman Terrence Metcalf, says he tries to take blocking seriously to set himself apart from other receivers. His priorities are simple when he's getting double-teamed and the ball goes elsewhere. “Trying to block my (butt) off and trying to get pancakes on defensive backs,” he said. When the Packers surged their way into the playoffs last season, quarterback Jordan Love was a major reason why. He had 18 touchdown passes and one interception during Green Bay's final eight games. During the last four games of this season, Love ranks third in the NFL with a 118.9 passer rating with six touchdowns, one interception and a league-best 10.3 yards per attempt. “I always feel like I can put the ball where I want to — and that’s part of it, too, having that confidence to be able to throw those passes,” Love said. “There’s always like I said a handful of plays that might not come off or be in the exact spot that you wanted it to or the throw might be a little bit off. So, that’s where you’ve just got to try to be at your best every play, be consistent and accurate as possible.” Green Bay’s pass defense has been picked apart the last two weeks. First, it was torched by Tua Tagovailoa and the Dolphins in a Packers win. Next, it allowed Jared Goff to complete his final 13 passes as the Lions rallied to victory. It won’t get any easier this week. Smith is second in the NFL in attempts, completions and passing yards and is fifth in completion percentage. “It’s been a remarkable turnaround for him in terms of just where he started,” Packers coach Matt LaFleur said. “It’s not always where you start, but where you finish. And it tells me a lot about the person in terms of his resiliency and ability to fight through some adversity. He’s a dangerous quarterback.” The potential return of former All-Pro cornerback Jaire Alexander (knee) could help the Packers. Will the Packers break out their head-to-toe white uniforms? The last time Green Bay wore the winter white look was in a 24-22 win over Houston in October. The Packers asked fans to weigh in on social media . As for the Seahawks, they'll be sporting their “Action Green” uniforms. Metcalf is a fan. “I would say this about the Action Green, I love them personally in my opinion, but the big guys hate them. I don’t know why, don’t ask me," he said. “Hopefully, the Packers wear all white, so it’ll be a fun-looking game.” AP NFL: https://apnews.com/hub/nflSalesforce Grants Equity Awards to Tenyx, PredictSpring, and Zoomin Employees Under Its Inducement Equity Incentive Plan
Roth Capital Has Pessimistic Outlook of Target Q1 EarningsT he landscape of MBA education in India has changed significantly in recent years, driven by the evolving demands of the industry and changing student expectations. One of the pressing questions facing both educators and students is that of specialisation: whether to pursue a major-minor combination or a more focused single major. This decision, often made early in a student’s journey, has long-term implications on career trajectory, employability, and adaptability in a rapidly evolving business environment. Historically, MBA programmes were designed to provide a broad-based education that equipped graduates with general management skills. Over time, however, industries began to demand deeper expertise in specific domains such as finance, marketing, operations, and human resources, leading to the introduction of specialisations. Today, many B-Schools offer the option of choosing either a single major specialisation or a major-minor combination, which allows students to gain expertise in one primary area (major) while also acquiring knowledge in a secondary field (minor). This framework allows students to balance depth of knowledge with breadth of understanding. For instance, a student pursuing a major in finance with a minor in marketing gains deep expertise in financial management while also understanding the nuances of how financial decisions impact marketing strategies. This approach raises certain questions. Does a dual focus dilute depth in either area? Critics argue that students might not develop enough expertise in either the major or minor field if attention is split. While graduates may possess broad knowledge, they might lack the specialised skills that certain industries demand. Are cross-functional skills becoming more important? Proponents of the major-minor system emphasise the growing need for professionals who are not confined to silos. A marketing manager today, for example, cannot succeed without understanding the financial impact of marketing campaigns or the technological tools that drive data-driven marketing. Corporate perspective Tech-driven sectors, such as data science, analytics, and fintech, often require deep domain expertise, with employers favouring candidates who have focused their MBA studies on a particular area. A singular, specialised major is often more valued, as it signals the candidate’s readiness to hit the ground running in complex, technical roles. On the other hand, industries such as consulting or general management often prefer candidates with broader skill sets, as employers value those who can bring a cross-functional perspective to problem-solving and understand the interplay between marketing, finance, and operations. Here, a major-minor combination can be a strong asset. The rapid rise of disruptive technologies such as AI, blockchain, and big data has further blurred the lines between traditional business functions. Employers now seek professionals who not only specialise in one area but also have the agility to leverage technology across different domains. A graduate with a major in operations and a minor in technology management, for example, is well-positioned to lead digital transformation initiatives. Factors For MBA aspirants, choosing the right specialisation strategy can be daunting. Here are some considerations to keep in mind: Career goals: Students with clear career goals should align their specialisation choices with their desired industry and role. Industry trends: Staying informed about trends within the target industry is crucial. For example, finance professionals are increasingly expected to have a working knowledge of data analytics, while marketing professionals need to be comfortable with digital tools and metrics. Long-term flexibility: Choosing a major-minor combination offers flexibility in terms of career development. While a single major can funnel a student toward a highly specific career path (e.g., investment banking or corporate finance), a major-minor combination opens up multiple avenues. The major-minor conundrum reflects deeper shifts in how businesses operate and the skills they require from future managers and leaders. By carefully aligning their MBA education with industry needs, students can enhance their career prospects and increase their ability to adapt in a fast-changing world. Dr. Suresh Ramanathan is Dean and Yash Merchant is Director, Brand Marketing, at Great Lakes Institute of Management, Chennai. Published - December 21, 2024 08:30 pm IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit education / The Hindu Education Plus / careers / management institutes / students / teaching and learningAshlon Jackson scores career-best 30 points to lead No. 14 Duke past No. 10 Kansas 73-62
NEW YORK and LONDON , Dec. 12, 2024 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC) (the "Company") today announced that it has priced an underwritten public offering of 1,200,000 shares of its 8.00% Series A Preferred Stock Due 2029 (the "Preferred Shares") at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $28.8 million after payment of underwriting discounts and estimated offering expenses payable by the Company. The Preferred Shares are rated 'BBB' by Egan-Jones Ratings Company, an independent rating agency. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 180,000 Preferred Shares pursuant to the same terms and conditions. The offering is expected to close on December 18, 2024 , subject to customary closing conditions. The Company intends to list the Preferred Shares on the New York Stock Exchange within 30 days of the original issue date under the symbol "PDPA." Lucid Capital Markets, LLC ("Lucid"), B. Riley Securities, Inc. and Kingswood Capital Partners, LLC are acting as joint book-running managers and InspereX LLC and Janney Montgomery Scott LLC are acting as lead managers for the offering. Investors should consider the Company's investment objectives, risks, charges and expenses carefully before investing. The preliminary prospectus, which has been filed with the Securities and Exchange Commission ("SEC"), contains this and other information about the Company and should be read carefully before investing. The information in the preliminary prospectus and this press release is not complete and may be changed. The preliminary prospectus and this press release are not offers to sell these securities and are not soliciting an offer to buy these securities in any state where such offer or sale is not permitted. A registration statement relating to these securities is on file with and has been declared effective by the SEC. Copies of the preliminary prospectus (and the final prospectus, when available) may be obtained by writing to Lucid Capital Markets, LLC, 570 Lexington Avenue, New York, New York 10022, by calling Lucid toll-free at 646-362-0256 or by sending an e-mail to Lucid at prospectus@lucid.com . Copies also may be obtained on the SEC's website at www.sec.gov . Egan-Jones Ratings Company is a nationally recognized statistical rating organization (NRSRO). A security rating is not a recommendation to buy, sell or hold securities, and any such rating may be subject to revision or withdrawal at any time by the applicable rating agency. About Pearl Diver Credit Company Inc. Pearl Diver Credit Company Inc. (NYSE: PDCC) is an externally managed, non-diversified, closed-end management investment company. Its primary investment objective is to maximize its portfolio's total return, with a secondary objective of generating high current income. The Company seeks to achieve these objectives by investing primarily in equity and junior debt tranches of CLOs collateralized by portfolios of sub-investment grade, senior secured floating-rate debt issued by a large number of distinct US companies across several industry sectors. The Company is externally managed by Pearl Diver Capital LLP. For more information, visit www.pearldivercreditcompany.com . Forward-Looking Statements This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Company's other filings with the SEC. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE Investor Contact: Info@Pearldivercap.com UK: +44 (0)20 3967 8032 US: +1 617 872 0945 View original content to download multimedia: https://www.prnewswire.com/news-releases/pearl-diver-credit-company-inc-prices-offering-of-series-a-preferred-stock-302330836.html SOURCE Pearl Diver Credit Company Inc.Special counsel drops Trump election case, classified documents appealThe Future of Words! Revolutionizing Vocabulary Games with AICazzu Reappears: Is She Shaking Up Ángela Aguilar and Christian Nodal? The Argentine Artist Proves She’s Stronger Than Ever Is She Striking Where It Hurts Pepe Aguilar’s Daughter Most? After stepping away from social media due to the pain caused by Christian Nodal and Ángela Aguilar, Cazzu has finally made a strong comeback. The Argentine artist returned to Instagram, sharing a series of photos where she dances sensually, flaunting her figure, and delivering a statement that seems aimed at the Mexican stars. Cazzu made it clear that her world revolves around her and her daughter, Inti, using music as her therapy for healing. Several details in the series of photos caught attention: were they indirect messages to Ángela and Nodal? Cazzu Reappears, Doing the Unexpected Cazzu Reappears: Is She Shaking Up Ángela Aguilar and Christian Nodal? – IG: People en Español and Cazzu In one of the videos shared by Cazzu, she is seen moving to the rhythm of a bolero—a “coincidence,” as Ángela Aguilar recently released a bolero album. Adding to the speculation, another photo shows the Argentine showcasing what Christian Nodal has lost: her toned and sensual figure. One image in particular sparked rumors that she might be recording heartbreak songs about her ex, as it shows her with lyrics from a potential track. However, it could simply be a book she was reading while in the recording studio, though its theme seems to resonate with her past with Nodal. Cazzu’s Mysterious Message: Aimed at Christian Nodal and Ángela Aguilar? IG: Cazzu One photo caption read, “But what can the two of us do alone?” seemingly referencing her and her daughter, Inti. Even more striking was what followed: “Alone, it’s true, but with a hatred...” Could Cazzu be channeling her anger toward the Mexican singers and their betrayal? It appears she’s preparing new music, and her fans are cheering her on: “Queen,” “You’re a mother,” “The boss is stepping up,” “They’ll never meet another woman like you,” her followers wrote. “Such happiness, you’re slowly coming back,” “Goddess,” “Queen,” “Stronger than ever, we’re eager to hear you,” “Shining as always,” her fans commented. HERE IS THE SERIES OF PHOTOS AND VIDEOS SHE SHARED. Click on the image to listen to the podcast PHOTO: MundoNOW if(typeof custom_paginate == "function")custom_paginate()
Light & Wonder, Inc. Announcement: If You Have Suffered Losses in Light & Wonder, Inc. (NASDAQ: LNW), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
DETROIT (AP) — Detroit Lions wide receiver Jameson Williams will not be charged with a crime after he was found with a gun in a car driven by his brother, a prosecutor said Monday. The gun on the floor was registered to Williams, but he didn't have a concealed-carry permit. His brother did. Prosecutor Kym Worthy said Michigan law is “far from clear” when applied to the 1 a.m. traffic stop on Oct. 8. “We really could not recall any case that had facts that mirrored this case,” she said. Williams was riding in a car driven by his brother when Detroit police stopped the vehicle for speeding. Williams said one of two guns in the car belonged to him and was registered. But without a concealed-pistol license, known as a CPL, a Michigan gun owner typically must place the weapon in a closed case while in a vehicle. A violation is a felony. In this case, Williams' brother had a permit. “The CPL holder here was the driver and had care, custody and control of the car," Worthy said. “Guidance is needed for the future on how many weapons can a valid CPL say that they have control over.” Story continues below video Williams obtained a CPL on Nov. 6, a month later, attorney Todd Flood said. “My client is thankful and humbled by the hard work Kym Worthy and her team put into this matter,” Flood said. During the traffic stop, Williams was handcuffed and placed in a patrol car before officers released him with his gun instead of taking him to a detention center. Williams, a first-round draft pick in 2022, has 29 catches for 602 yards and four touchdowns this season. AP NFL: https://apnews.com/hub/NFL
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Will U.S. Supreme Court forgo investor class actions after Meta, Nvidia dismissals?
Lions receiver Jameson Williams won't be charged for having a gun in a car
British Journalism Awards winners 2024: Channel 4 News named best news provider, Caroline Wheeler is journalist of the yearPearl Diver Credit Company Inc. Prices Offering of Series A Preferred StockAdvisors Asset Management Inc. reduced its holdings in Landstar System, Inc. ( NASDAQ:LSTR – Free Report ) by 26.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 743 shares of the transportation company’s stock after selling 269 shares during the period. Advisors Asset Management Inc.’s holdings in Landstar System were worth $140,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV grew its position in Landstar System by 108.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 142 shares of the transportation company’s stock worth $26,000 after purchasing an additional 74 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Landstar System in the second quarter valued at about $73,000. Mather Group LLC. grew its position in Landstar System by 183.5% during the second quarter. Mather Group LLC. now owns 394 shares of the transportation company’s stock worth $76,000 after buying an additional 255 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Landstar System by 431.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 441 shares of the transportation company’s stock valued at $83,000 after acquiring an additional 358 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Landstar System by 58.1% during the 2nd quarter. GAMMA Investing LLC now owns 498 shares of the transportation company’s stock worth $92,000 after purchasing an additional 183 shares in the last quarter. Institutional investors own 97.95% of the company’s stock. Analyst Upgrades and Downgrades Several research analysts recently commented on the company. UBS Group raised their target price on Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Susquehanna decreased their target price on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Raymond James lowered shares of Landstar System from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. TD Cowen decreased their price objective on Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group dropped their target price on Landstar System from $165.00 to $158.00 and set a “sell” rating for the company in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating and twelve have given a hold rating to the company. According to data from MarketBeat, Landstar System presently has a consensus rating of “Hold” and a consensus target price of $174.25. Landstar System Trading Down 0.2 % LSTR stock opened at $185.92 on Friday. The business has a fifty day moving average price of $184.24 and a 200 day moving average price of $183.63. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.21 and a quick ratio of 2.21. Landstar System, Inc. has a fifty-two week low of $165.39 and a fifty-two week high of $201.40. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 31.89 and a beta of 0.81. Landstar System ( NASDAQ:LSTR – Get Free Report ) last announced its earnings results on Tuesday, October 29th. The transportation company reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.22 billion. Landstar System had a net margin of 4.32% and a return on equity of 20.68%. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.71 earnings per share. Analysts expect that Landstar System, Inc. will post 5.57 EPS for the current fiscal year. Landstar System Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 19th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Tuesday, November 19th. Landstar System’s dividend payout ratio is presently 24.70%. Insider Transactions at Landstar System In related news, CFO James P. Todd sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total value of $184,320.00. Following the completion of the transaction, the chief financial officer now owns 14,083 shares in the company, valued at $2,595,778.56. The trade was a 6.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website . 1.00% of the stock is owned by company insiders. Landstar System Profile ( Free Report ) Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics and less-than-truckload services. See Also Want to see what other hedge funds are holding LSTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Landstar System, Inc. ( NASDAQ:LSTR – Free Report ). 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NoneGus Malzahn is leaving UCF to become Florida State's offensive coordinator, AP source saysCARMEL, Ind. , Nov. 25, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") MBIN , parent company of Merchants Bank of Indiana , today announced the closing of its previously announced underwritten public offering of 9,200,000 depositary shares, each representing a 1/40th interest in a share of its 7.625% Fixed Rate Series E Non-Cumulative Perpetual Preferred Stock (the "Series D preferred stock"), with a liquidation preference of $25.00 per depositary share. As a result of the public offering Merchants received proceeds of approximately $222.8 million , net of estimated expenses and underwriting discounts and commissions. Morgan Stanley & Co. LLC, UBS Securities LLC, Piper Sandler & Co., and Raymond James & Associates, Inc. acted as joint bookrunning managers for the offering. A shelf registration statement, including a prospectus, with respect to the offering was previously filed by Merchants with the Securities and Exchange Commission (the "SEC") and was declared effective by the SEC on August 17, 2022 . A prospectus supplement relating to the offering has been filed with the SEC. The offering has been made by means of a prospectus supplement and accompanying prospectus. Copies of the prospectus supplement and the accompanying prospectus relating to these securities may be obtained free of charge by visiting the SEC's website at www.sec.gov , or may be obtained from Morgan Stanley & Co. LLC, 180 Varick Street, Second Floor, New York, NY 10014, Attention: Prospectus Department, or by emailing prospectus@morganstanley.com ; UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, by telephone at (888) 827-7275 or by emailing ol-prospectus-request@ubs.com ; Piper Sandler & Co., Attention: Debt Capital Markets, 1 Greenwich Plaza, 1st Floor, Suite 111, Greenwich, CT 06830, or by emailing fsg-dcm@psc.com ; Raymond James & Associates, Inc., Attention: Equity Syndicate, 880 Carillon Parkway, St. Petersburg, Florida 33716, by telephone at (800) 248-8863 or by emailing prospectus@raymondjames.com . ABOUT MERCHANTS BANCORP Ranked as a top performing U.S. public bank by S&P Global Market Intelligence, Merchants is a diversified bank holding company headquartered in Carmel, Indiana operating multiple business segments, including Multi-family Mortgage Banking that offers multi-family housing and healthcare facility financing and servicing (through this segment Merchants also serves as a syndicator of low-income housing tax credit and debt funds); Mortgage Warehouse Financing that offers mortgage warehouse financing, commercial loans, and deposit services; and Banking that offers portfolio lending for multi-family and healthcare facility loans, retail and correspondent residential mortgage banking, agricultural lending, Small Business Administration lending, and traditional community banking. Merchants, with $18.7 billion in assets and $12.9 billion in deposits as of September 30, 2024, conducts its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana , Merchants Capital Corp., Merchants Asset Management, LLC, Merchants Capital Investments, LLC, Merchants Capital Servicing, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana . For more information and financial data, please visit Merchants' Investor Relations page at investors.merchantsbancorp.com. View original content to download multimedia: https://www.prnewswire.com/news-releases/merchants-bancorp-closes-depositary-share-offering-302315577.html SOURCE Merchants Bancorp © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
BRASILIA, Brazil (AP) — Supermarket giant Carrefour’s support for French farmers’ protests against a trade agreement between the European Union and the South American bloc Mercosur has sparked a strong reaction in Brazil, including a refusal to supply beef to Carrefour stores in Brazil. Carrefour CEO Alexandre Bompard announced in social media posts last week that the French company would stop buying beef from all Mercosur countries, which also include Argentina, Paraguay and Uruguay. Bompard wrote that he agrees with French producers' arguments that Mercosur beef is an unfair competitor due to lower production costs resulting from fewer environmental and sanitary requirements.Fine Gael won 35 seats in the 2020 election, but 18 of those TDs did not seek re-election in Friday’s poll. An exit poll puts the party’s support at 21%, a fraction of a percentage behind the main opposition party Sinn Fein. Mr Harris, the outgoing Taoiseach, was elected with 16,869 first preference votes, well above the quota. He celebrated with his wife Caoimhe, his parents Bart and Mary, his sister Gemma and his political team at the count centre in Greystones, Co Wicklow. Ahead of his re-election, Mr Harris told reporters he was “cautiously optimistic” about the election result and said it was “clear that my party will gain seats”. “It’s also clear that Fine Gael will top the poll in at least 10 constituencies, many more than we did the last time, that we will gain seats in constituencies where we haven’t had seats in many years, like Tipperary South and Waterford, and that we will add second seats in other constituencies as well,” he said. “I think the people of Ireland have now spoken. We now have to work out exactly what they have said, and that is going to take a little bit of time.” In one of the five consecutive broadcast media rounds he did from the Greystones count centre, he said there were a lot of areas where there were “straight shoot-outs” between Fianna Fail and Fine Gael for final seats. He described the Sinn Fein vote as “pretty significantly down”, the Fianna Fail vote as “marginally down” and the Fine Gael vote as “static” compared with its 2020 vote. He said it was “a very close, a very competitive election” and that “we haven’t seen a Sinn Fein surge or anything like it”. He said: “It was predicted by many that I would become the Taoiseach for a brief period of time, take over from Leo Varadkar, and then have to rebuild my party from the opposition benches as Sinn Fein led a government. “We don’t know what’s going to happen on government formation yet, but that is now looking less likely than it was.” He acknowledged that it was “a very difficult day” for the Green Party and paid tribute to their work in the coalition government, alongside his party and Fianna Fail. “Definitely, politics in Ireland has gotten much more fragmented,” he said. Fine Gael minister Helen McEntee said that her party’s campaign had been “positive”. “The feeling on the doors was very much that people were relatively happy with the government,” she said on RTE Radio. “It will come down to the last seats and it will come down to transfers,” she said of the final result, adding that Fianna Fail and Fine Gael were performing better than the exit poll estimated.
BRASILIA – Supermarket giant Carrefour’s support for French farmers’ protests against a trade agreement between the European Union and the South American bloc Mercosur has sparked a strong reaction in Brazil, including a refusal to supply beef to Carrefour stores in Brazil. Carrefour CEO Alexandre Bompard announced in social media posts last week that the French company would stop buying beef from all Mercosur countries, which also include Argentina, Paraguay and Uruguay. Bompard wrote that he agrees with French producers' arguments that Mercosur beef is an unfair competitor due to lower production costs resulting from fewer environmental and sanitary requirements. Recommended Videos The executive encouraged other retailers to follow suit. Brazil's Ministry of Agriculture called Bompard's move protectionist, saying it was made “without any technical criteria.” The decision also angered Brazil's meatpackers. Though France makes up just a tiny sliver of Brazil’s beef exports, meatpackers worried that Carrefour’s decision would hurt its reputation in other markets. Beef giants JBS and Marfrig halted supplies last Friday to Carrefour's extensive supermarket chain in Brazil, including the food warehouse giant Atacadao. Both companies refused to comment on the boycott to The Associated Press, but Minister of Agriculture Carlos Fávaro confirmed it. “We support the reaction of the meatpackers. If Brazil ́s beef isn’t good enough for Carrefour’s shelves in France, it isn’t good enough for Carrefour’s shelves in Brazil either,” Faváro told Folha de S.Paulo newspaper on Monday. Carrefour Group in Brazil acknowledged the boycott in a statement, though it said there's not yet a shortage of beef in stores. It said it has “esteem and confidence in the Brazilian agricultural sector, with which it maintains a solid relationship and partnership.” “Unfortunately, the decision to suspend the meat supply has an impact on customers, especially those who rely on the company to supply their homes with quality and responsible products,” the statement said. “It is in constant dialogue in search of solutions that will make it possible to resume the supply of meat to its stores as quickly as possible, respecting the commitments it has to its more than 130,000 Brazilian employees and millions of Brazilian customers countrywide.” The backdrop for the conflict is the EU-Mercosur trade deal , which would increase agricultural imports to EU countries from South America. French farmers fear it will affect their livelihoods. An initial agreement was reached in 2019, but negotiations have faltered since then due to opposition that also includes some European governments. Brazil’s agribusiness sector also fears that the pending European Union Deforestation Regulation will outlaw the sale of forest-derived products within the EU’s 27-nation bloc if companies can’t prove their goods are not linked to deforestation. Its scope includes soy and cattle, Brazil’s top agricultural exports. Almost half of the country’s cattle is raised in the Amazon region, where 90% of deforested land since 1985 has turned into pasture, according to MapBiomas, a nonprofit network. The date of its implementation remains uncertain. ___ The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org .LOS ANGELES (AP) — LeBron James has been ruled out of the Los Angeles Lakers' game at Minnesota on Friday night due to soreness in his left foot. James will miss his second straight game when the Lakers return from a four-day break to face the Timberwolves, the Lakers announced Thursday. The top scorer in NBA history was away from the team this week with an excused absence attributed to “personal reasons,” coach JJ Redick said Wednesday. It's unclear whether James will even make the quick round trip to Minnesota before the Lakers' next game at home against Memphis on Sunday. James missed his first game of his record-tying 22nd NBA season when the Lakers beat Portland at home last Sunday. That absence also was attributed to his foot injury. James is averaging 23.0 points, 9.1 assists and 8.0 rebounds for the Lakers (13-11), who have lost seven of 10 after a 10-4 start. The Lakers upgraded starter Austin Reaves to questionable for the game at Minnesota after he missed LA's previous five games with a pelvic bruise. Anthony Davis is listed as probable with left plantar fasciitis. AP NBA: https://apnews.com/NBA
Florida knocks No. 9 Ole Miss out of College Football Playoff contention