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Georgia to inaugurate disputed president amid political crisisOAK BROOK, Ill., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Hub Group, Inc. (Nasdaq: HUBG) today announced its Board of Directors declared a quarterly cash dividend of $0.125 per share on the Company's Class A and Class B Common Stock. The dividend is scheduled to be paid on December 20, 2024, to stockholders of record as of December 6, 2024. Hub Group's quarterly cash dividend program, initially set at $0.50 per share per year, is part of its previously announced growth-focused capital allocation plan. CERTAIN FORWARD-LOOKING STATEMENTS: Statements in this press release that are not historical facts are forward-looking statements, provided pursuant to the safe harbor established under the Private Securities Litigation Reform Act of 1995. These forward- looking statements are not guarantees of future performance and involve risks, uncertainties and other factors that might cause the actual performance of Hub Group to differ materially from those expressed or implied by this discussion and, therefore, should be viewed with caution. Further information on the risks that may affect Hub Group's business is included in filings it makes with the SEC from time to time, including those discussed under the "Risk Factorsâ section in Hub Group's most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. Hub Group assumes no obligation to update any such forward-looking statements. ABOUT HUB GROUP: Hub Group offers comprehensive transportation and logistics management solutions. Keeping our customers' needs in focus, Hub Group designs, continually optimizes, and applies industry-leading technology to our customers' supply chains for better service, greater efficiency, and total visibility. As an award-winning, publicly traded company (Nasdaq: HUBG) with over $4 billion in revenue, our nearly 6,000 employees and drivers across the globe are always in pursuit of "The Way Aheadâ - a commitment to service, integrity and innovation. For more information, visit hubgroup.com. SOURCE: Hub Group, Inc. CONTACT: Lorna Williams, Investor Relations, [email protected]SOLON, Ohio , Dec. 3, 2024 /PRNewswire/ -- Eagle Electronics, a new leader in high-tech electronics and cellular module production, is proud to announce it has raised $14mm, led by the O.H.I.O. Fund with participation from Asymmetric Capital Partners, to establish cutting-edge manufacturing technology and operations in Solon, Ohio , in partnership with CO-AX Technology. This strategic initiative marks a significant milestone in the company's commitment to onshoring the advanced high-tech supply chain to the United States . Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
Over the last few years, DraftKings (DKNG) has positioned itself as the clear leader in Americaâs digital gaming revolution, with its stock soaring well over 100% year-to-date towards a market capitalization of $35 billion. Despite some recent headwinds, the acceleration of sports betting legalization across the U.S. makes me highly bullish on the companyâs future prospects. Don't Miss our Black Friday Offers: Unlock your investing potential with TipRanks Premium - Now At 40% OFF! Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter Revenue Growth Accelerates Past Expectations Iâm encouraged to see DraftKings continue its exceptional momentum, with Q3 2024 revenue surpassing $1 billion, a remarkable 39% increase from $790 million in the previous year. This rate significantly outpaces competitors in the broader gaming industry, strongly reinforcing my bullish outlook. Moreover, the company boasts some impressively robust fundamentals, with $878 million in cash and a relatively modest debt level of $1.34 billion when compared to market capitalization. This provides plenty of resources for continued expansion and support for any unseen challenges. A resilient balance sheet is one of the green flags I look for in a company looking to capitalize on new market opportunities, so Iâm fairly confident that this growth story can continue. Looking ahead, DraftKings projects impressive growth for the coming year, with revenue expected to reach between $6.2-$6.6 billion, representing 27-35% growth from 2024âs guidance midpoint of $4.9 billion. User Base Expands Dramatically The platformâs popularity continues to surge, with Monthly Unique Payers (MUPs) jumping to 3.6 million, up significantly from 2.3 million last year. This 57% increase demonstrates an impressive ability to attract and retain customers. I place real value on the first-mover advantage the company has across many states, where many customers will likely stay loyal to the brand long after competition moves in, especially where the experience is enjoyable, accessible, and overwhelmingly positive. Average Revenue per Monthly Unique Payer (ARPMUP) is clearly a critical indicator for management. This has now reached $103, demonstrating the companyâs ability to monetize its user base effectively. When excluding recent acquisitions, ARPMUP increased 8% year-over-year to $122, demonstrating significant improvements in the monetization of the core platform. Technology Innovation Drives Market Leadership For me, the companyâs interface and user experience is unmatched. Recent recognition as the number one U.S. Mobile Sportsbook App highlights this, with the platform ranking first in key categories, including User Experience, Betting Interface, and overall Features. Management has clearly prioritized and invested heavily in product enhancement for the most popular sports on the platform, particularly in NBA betting markets, where it now develops and powers all player prop and derivative markets in-house. This opens up the potential for further analysis and greater flexibility for new product offerings. The live betting experience has also undergone significant upgrades, with new features including real-time trending bets and new âmicro-bettingâ capabilities. Users now benefit from integrated real-time scores, statistics, and enhanced live content, creating a more engaging and informed betting experience. I suspect such investments may help to cement the company as the obvious destination for sports fans going forward. Wall Street Endorses DKNGâs Growth Strategy Wall Streetâs enthusiasm mirrors my own bullish stance, with analysts generally on a Strong Buy consensus based on 25 Buy ratings and only 3 Hold ratings. Furthermore, the average DKNG price target of $50.20 per share implies 15.3% upside from the current level. See more DKNG analyst ratings In addition, several prominent firms have recently raised their price targets, with TD Cowen increasing to $55 from $50 and Barclays raising to $50 from $45. Temporary Headwinds Create Opportunity Iâm clearly very bullish on this one, but the share price has admittedly suffered a few bumps in the road as of late. Some recent NFL outcomes have negatively hit revenues, with the latest quarter seeing the most customer-friendly stretch in company history. For this, companies tend to look at the Hold Percentage, which shows the percentage that the company expects to retain from the total amount wagered by bettors. The companyâs own analysis of NFL Hold Percentages shows that these recent results are outliers compared to the typical performance over the past two years, suggesting a likely return to normalized rates in future periods. As a result, I tend to view these as statistical anomalies rather than structural issues within the companyâs betting algorithms. Such an outcome could be viewed as a positive in the long run, with increased returns boosting enthusiasm for the platform, retaining customers, and building the market further. Rising Acquisition Costs Will Likely Be Overcome Another potential headwind to keep one eye on is the competitive landscape. As many would expect from such a potentially lucrative sector, established gaming companies and new entrants are looking to capture market share. As a result, DraftKings has experienced some increases in the price of acquiring customers over the last year, potentially as the latest wave of excitement and enthusiasm for sports betting fades. However, this is likely to be experienced by all involved in the sector. Fortunately for investors, Iâd expect DraftKingsâ technological edge, robust balance sheet, and market leadership to position it well to overcome these challenges as these cycles inevitably continue. DraftKings Presents a Highly Compelling Opportunity From my perspective, DraftKings presents a highly compelling opportunity. Clearly, the ongoing state-by-state legalization of sports betting provides a solid stream of growth opportunities. With management demonstrating strong execution capability and rapidly improving financials, to me, DraftKings remains very well-positioned to capitalize, particularly as sports betting gains mainstream acceptance. The combination of first-mover advantage, robust user growth, and a compelling platform experience sets DraftKings aside from the competition. While some near-term volatility may persist, the companyâs strong fundamentals in this market with enormous potential suggest this is definitely one to watch over the coming years. 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The Dominican Republic is preparing to launch its biometric passports with embedded electronic chips to replace the machine-readable version, with authorities assuring the public that the project will incur no direct cost to the state. The development follows months of procurement challenges and is part of the governmentâs broader efforts to enhance travel security and streamline passport services. The initiative adopts a payment-per-passport model, where the supplier company shoulders the costs of production and related investments. According to , the government will only pay for passports issued to citizens, ensuring taxpayers face no additional financial burden. The details provided on the cost structure of the new contract to issue the Dominican Republicâs biometric passports do not clarify whether a supplier has been selected yet. The contract and production details are classified information as a matter of national security under Presidential Decree . The General Directorate of Passports (DGP) projects that by the end of 2024, over 800,000 of the legacy passports will have been issued, signaling high demand as the country transitions to the new electronic system. The Dominicanâs machine readable passports are supplied by and local partner Pastoriza SRL under a contract signed in 2017. De La Rueâs citizen identity business was in 2019, and HIDâs citizen identity business was just . The Dominican Republicâs national ID cards are printed on Toppan printers, according to , through a contract to Copy Solutions International, and . The ID cards are also going through a . the high demand shows that the modernization effort will require facilities with better connectivity and sufficient space to accommodate the necessary technology needed for the e-passports. To address these issues, the DGP says it will relocate to a new rental facility. The new passports will feature biometric security measures, including polycarbonate materials and embedded microchips storing fingerprint and facial recognition data, in a bid to ensure compliance with International Civil Aviation Organization (ICAO) standards. Dominicans with expired passports will be prioritized to receive the new , which will be available beginning mid-2025, according to Dominican Today. The initiative faced hurdles earlier this year when the original tender process for the chip passport implementation was suspended in September, . The Public Procurement and Contracting Directorate (DGCP) temporarily halted the process due to irregularities, and signs of violation in regards to the principles of participation during the process. The DGCP notes that 25 domestic and international companies expressed interest in bidding on the passport issuance contract, but only two bids were received. This follows by the DGP was issued in search of digital identity service providers to install new infrastructure that will allow the issuance of electronic passports, which closed by May 27, 2024. | | | | |WASHINGTON (AP) â Donald Trumpâs personnel choices for his new Cabinet and White House reflect his signature positions on immigration and trade but also a range of viewpoints and backgrounds that raise questions about what ideological anchors might guide his Oval Office encore. With a rapid assembly of his second administration â faster than his effort eight years ago â the former and incoming president has combined television personalities, former Democrats, a wrestling executive and traditional elected Republicans into a mix that makes clear his intentions to impose tariffs on imported goods and crack down on illegal immigration but leaves open a range of possibilities on other policy pursuits. âThe president has his two big priorities and doesnât feel as strongly about anything else â so itâs going to be a real jump ball and zigzag,â predicted Marc Short, chief of staff to Vice President Mike Pence during Trumpâs 2017-21 term. âIn the first administration, he surrounded himself with more conservative thinkers, and the results showed we were mostly rowing in the same direction. This is more eclectic.â Indeed, Secretary of State-designee Marco Rubio, the Florida senator who has pilloried authoritarian regimes around the world, is in line to serve as top diplomat to a president who praises autocratic leaders like Russiaâs Vladimir Putin and Hungaryâs Viktor Orban. Republican Rep. Lori Chavez-DeRemer of Oregon has been tapped to sit at the Cabinet table as a pro-union labor secretary alongside multiple billionaires, former governors and others who oppose making it easier for workers to organize themselves. The prospective treasury secretary, Scott Bessent, wants to cut deficits for a president who promised more tax cuts, better veterans services and no rollbacks of the largest federal outlays: Social Security, Medicare and national defense. Abortion-rights supporter Robert F. Kennedy Jr. is Trumpâs choice to lead the Health and Human Services Department, which Trumpâs conservative Christian base has long targeted as an agency where the anti-abortion movement must wield more influence. Former Republican House Speaker Newt Gingrich allowed that members of Trumpâs slate will not always agree with the president and certainly not with one another. But he minimized the potential for irreconcilable differences: âA strong Cabinet, by definition, means youâre going to have people with different opinions and different skills.â That kind of unpredictability is at the core of Trumpâs political identity. He is the erstwhile reality TV star who already upended Washington once and is returning to power with sweeping, sometimes contradictory promises that convinced voters, especially those in the working class, that he will do it all again. âWhat Donald Trump has done is reorient political leadership and activism to a more entrepreneurial spirit,â Gingrich said. Thereâs also plenty of room for conflict, given the breadth of Trumpâs 2024 campaign promises and his pattern of cycling through Cabinet members and national security personnel during his first term. This time, Trump has pledged to impose tariffs on foreign goods, end illegal immigration and launch a mass deportation force, goose U.S. energy production and exact retribution on people who opposed â and prosecuted â him. Heâs added promises to cut taxes, raise wages, end wars in Israel and Ukraine, streamline government, protect Social Security and Medicare, help veterans and squelch cultural progressivism. Trump alluded to some of those promises in recent weeks as he completed his proposed roster of federal department heads and named top White House staff members. But his announcements skimmed over any policy paradoxes or potential complications. Bessent has crusaded as a deficit hawk, warning that the ballooning national debt, paired with higher interest rates, drives consumer inflation. But he also supports extending Trumpâs 2017 tax cuts that added to the overall debt and annual debt service payments to investors who buy Treasury notes. A hedge-fund billionaire, Bessent built his wealth in world markets. Yet, generally speaking, heâs endorsed Trumpâs tariffs. He rejects the idea that they feed inflation and instead frames tariffs as one-time price adjustments and leverage to achieve U.S. foreign policy and domestic economic aims. Trump, for his part, declared that Bessent would âhelp me usher in a new Golden Age for the United States.â Chavez-DeRemer, Trump promised, âwill achieve historic cooperation between Business and Labor that will restore the American Dream for Working Families.â Trump did not address the Oregon congresswomanâs staunch support for the PRO-Act, a Democratic-backed measure that would make it easier for workers to unionize, among other provisions. That proposal passed the House when Democrats held a majority. But itâs never had measurable Republican support in either chamber on Capitol Hill, and Trump has never made it part of his agenda. When Trump named Kennedy as his pick for health secretary, he did not mention the former Democratâs support for abortion rights. Instead, Trump put the focus on Kennedyâs intention to take on the U.S. agriculture, food processing and drug manufacturing sectors. The vagaries of Trumpâs foreign policy stand out, as well. Trumpâs choice for national security adviser, Florida Rep. Mike Waltz, offered mixed messages Sunday when discussing the Russia-Ukraine war, which Trump claims never would have started had he been president, because he would have prevailed on Putin not to invade his neighboring country. Speaking on âFox News Sunday,â Waltz repeated Trumpâs concerns over recent escalations, which include President Joe Biden approving sending antipersonnel mines to Ukrainian forces. âWe need to restore deterrence, restore peace and get ahead of this escalation ladder, rather than responding to it,â Waltz said. But in the same interview, Waltz declared the mines necessary to help Ukraine âstop Russian gainsâ and said heâs working âhand in gloveâ with Bidenâs team during the transition. Meanwhile, Tulsi Gabbard, Trumpâs pick for director of national intelligence, the top intelligence post in government, is an outspoken defender of Putin and Syrian President Bashar al Assad, a close ally of Russia and Iran. Perhaps the biggest wildcards of Trumpâs governing constellation are budget-and-spending advisers Russell Vought, Elon Musk and Vivek Ramaswamy. Vought led Trumpâs Office of Management and Budget in his first term and is in line for the same post again. Musk, the worldâs wealthiest man, and Ramaswamy, a mega-millionaire venture capitalist, are leading an outside advisory panel known as the âDepartment of Government Efficiency.â The latter effort is a quasi-official exercise to identify waste. It carries no statutory authority, but Trump can route Muskâs and Ramaswamyâs recommendations to official government pathways, including via Vought. A leading author of Project 2025, the conservative movementâs blueprint for a hard-right turn in U.S. government and society, Vought envisions OMB not just as an influential office to shape Trumpâs budget proposals for Congress but a power center of the executive branch, âpowerful enough to override implementing agenciesâ bureaucracies.â As for how Trump might navigate differences across his administration, Gingrich pointed to Chavez-DeRemer. âHe might not agree with her on union issues, but he might not stop her from pushing it herself,â Gingrich said of the PRO-Act. âAnd he will listen to anybody. If you convince him, he absolutely will spend presidential capital.â Short said other factors are more likely to influence Trump: personalities and, of course, loyalty. Vought âbrought him potential spending cutsâ in the first administration, Short said, âthat Trump wouldnât go along with.â This time, Short continued, âmaybe Elon and Vivek provide backup,â giving Vought the imprimatur of two wealthy businessmen. âHe will always calculate who has been good to him,â Short said. âYou already see that: The unions got the labor secretary they wanted, and Putin and Assad got the DNI (intelligence chief) they wanted. ... This is not so much a team-of-rivals situation. I think itâs going to look a lot like a reality TV show.âA multi-agency operation targeting small businesses and cross-border transporters involved in smuggling and unethical practices has led to the impounding of dozens of vehicles, including buses and haulage trucks, and the confiscation of illicit goods such as foodstuffs and second-hand clothes. The operation, spearheaded by a high-level task force established by the Cabinet, is a response to the growing threat smuggling poses to local industries, consumer welfare, and government revenue. The task force, led by the Ministry of Industry and Commerce, includes the Zimbabwe Revenue Authority (Zimra), the Zimbabwe Republic Police, the Reserve Bank of Zimbabwe (RBZ), and the Consumer Protection Commission, among others. The crackdown has seen the establishment of 24-hour roadblocks along major highways leading to cities. Teams comprising law enforcement and regulatory bodies are inspecting vehicles suspected of carrying smuggled goods, while retail outlets are undergoing surprise inspections to verify the legality of their stock. Businesses unable to provide proper documentation risk hefty fines and the seizure of goods. The operation is set to intensify during the festive season, a period notorious for increased smuggling activities. Returning expatriates, often bringing undeclared goods, have been identified as a significant factor exacerbating challenges faced by local manufacturers. Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, emphasized the importance of the operation in protecting Zimbabwe's economy and local businesses. "This is a critical issue, and we want to deal with the smuggling which is negatively impacting local businesses. The government is losing revenue, and this cannot be allowed to continue," he said. Industry and Commerce Minister Mangaliso Ndlovu echoed similar sentiments, highlighting the operation's role in promoting ethical business practices and safeguarding the local manufacturing industry. "Business malpractices, including smuggling, currency manipulation, and the sale of counterfeit goods, undermine consumer welfare and threaten job creation. This task force is a proactive measure to restore order and ensure compliance with laws and regulations," said Minister Ndlovu. Zimra has warned that all travellers and cross-border traders must declare goods at ports of entry, stressing that failure to comply could lead to severe penalties, including fines, imprisonment, and confiscation of goods. "The roadblocks are part of a post-clearance audit process to ensure customs compliance. Non-declaration contributes to revenue losses and disrupts market stability," Zimra said in a statement. In his 2025 National Budget presentation, Prof Ncube decried the prevalence of smuggling, noting its impact on public health, safety, and the economy. "Smuggling undermines local production, discourages investment, and creates an uneven playing field. The government is committed to reviewing anti-smuggling strategies, including the introduction of drones at ports of entry and complementary measures to curb this illicit activity," he said. Authorities have also raised concerns over the safety of smuggled goods, particularly food items, medicines, and alcohol, which evade health and safety checks. The government has pledged to enforce strict measures to protect consumer welfare, including confiscating expired and fake products during inspections. The multi-agency task force plans to sustain its momentum to ensure long-term compliance. Businesses are urged to adhere to established laws and regulations to avoid disruptions, while consumers are encouraged to report any unethical practices to the authorities. "Forewarned is forearmed," Minister Ndlovu emphasized, urging all stakeholders to treat the matter with the seriousness it deserves.
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Syrians poured into streets in celebration on Sunday after a stunning rebel advance reached the capital, ending the Assad familyâs 50 years of iron rule . Russian state news agencies were reporting that President Bashar Assad and his family had arrived in Moscow and were given asylum. Russia said Assad left the country after negotiations with rebel groups and that he had given instructions to transfer power peacefully. Joyful crowds gathered in central squares in Damascus, waving the Syrian revolutionary flag. Others ransacked the presidential palace and residence. Abu Mohammed al-Golani , a former al-Qaida commander who cut ties with the group years ago leads the biggest rebel faction in Syria and is poised to chart the countryâs future. He made his first public appearance since fighters entered the Damascus suburbs Saturday, at the capitalâs sprawling Umayyad Mosque, and called himself by his given name, Ahmad al-Sharaa. He said Assadâs fall was âa victory to the Islamic nation.â The rapidly developing events have shaken the region. Lebanon said it was closing all its land border crossings with Syria except for one that links Beirut with Damascus. Jordan closed a border crossing with Syria, too. Israel has issued warnings to villages in southern Syria and its forces seized a buffer zone in the Golan Heights. Here's the Latest: Russian state news agencies reported that ousted Syrian President Bashar Assad has arrived in Moscow with his family and been given asylum. The agencies, Tass and RIA, cited an unidentified Kremlin source. The Associated Press was not immediately able to verify the reports but had contacted the Kremlin for comment. CAIRO â The Arab League on Sunday condemned Israel for taking advantage of Syrian President Bashar Assad's downfall by moving into more Syrian territory. Hours after Assadâs overthrow, Israel announced it had seized a buffer zone in the Golan Heights that was established by a cease-fire agreement with Syria in 1974. In a statement, the Arab League said Israel illegally sought to occupy more territories. But Israeli Prime Minister Benjamin Netanyahu said the 50-year-old agreement regarding Syrian territory had collapsed and that Syrian troops had abandoned their positions, necessitating Israel taking over as a âtemporary defensive position.â UNITED NATIONS â The United Nations secretary-general is marking the âfall of the dictatorial regimeâ in Syria and says the future of the country is âis a matter for the Syrians to determine.â A statement by Antonio Guterres also called for calm and the protection of the rights of all Syrians as well as of diplomatic and consular facilities in Syria. He said there is much work ahead to ensure an âorderly political transition to renewed institutions,â and he called on the international community to ensure that âany political transition is inclusive and comprehensive and that it meets the legitimate aspirations of the people of Syria, in all their diversity.â KYIV, Ukraine - Ukraineâs top diplomat on Sunday responded to Assadâs ouster by describing him as a âdictatorâ who relied on Russia to prop up his rule - a reference to the military campaign Moscow has waged in Syria since September 2015, teaming up with Iran to allow Assadâs government to fight armed opposition groups and reclaim control over most of the country. "Assad has fallen. This has always been and will be the case with all dictators who bet on Putin. He always betrays those who rely on him,â foreign minister Andrii Sybiha said in a post on X. In a separate update on the social network, Sybiha said Kyiv was ready to take steps towards restoring relations with Syria, severed months into Russiaâs full-scale invasion of the neighboring state. Kyiv broke off diplomatic ties after Damascus in June 2022 recognized Kremlin-occupied parts of eastern Ukraine as independent territories, in a move welcomed by Moscow and decried by the West as a clear violation of Ukrainian sovereignty. JERUSALEM â The Israeli military has issued a warning to residents of five villages and towns in southern Syria to stay inside their homes for their safety. âThe fighting in your area is forcing the IDF to act,â the IDFâs Arabic-language spokesman said on X. The military didnât respond to questions. Earlier, Israel said its troops had seized a buffer zone in the Golan Heights established in 1974, saying it was to protect Israeli residents after Syrian troops abandoned their positions. Defense Minister Israel Katz said on X that the IDF has been instructed to âseize the buffer zone and control points to ensure the protection of all Israeli communities in the Golan Heights â Jewish and Druze â so that they are not exposed to threats from the other side.â Israel captured the Golan in the 1967 Mideast war and later annexed it. The international community, except for the United States, views it as occupied. BEIRUT - The leader of the largest insurgent group in Syria visited the Syrian capitalâs sprawling Umayyad Mosque and declared that the victory against President Bashar Assad âis a victory to the Islamic nation.â Ahmad al-Sharaa, who was formerly known as Abu Mohammed al-Golani, made his first public appearance and remarks since fighters entered Damascus. He told hundreds of people at the historic mosque that Assad had made Syria âa farm for Iranâs greed.â He added that Assad made Syria a base for the illegal amphetamine Captagon that brought cash to Assadâs circles. Al-Sharaa, the leader of the jihadi Hayat Tahrir al-Sham, or HTS, said Sunday that the victory was achieved because of âGod and the blood of martyrs.â He said that he left Syria 20 years ago and since then his heart has longed for this movement. LONDON â British Prime Minister Keir Starmer welcomed the end of Assadâs rule as he called for peace and the protection of civilians. âThe Syrian people have suffered under Assadâs barbaric regime for too long and we welcome his departure,â Starmer said. He said the U.K. was focused on a political solution to restore peace and stability. âWe call on all sides to protect civilians and minorities and ensure essential aid can reach the most vulnerable in the coming hours and days,â he said. AMMAN, Jordan â The vast majority of the Jordanian people are welcoming the fall of Bashar al-Assadâs regime and the success of the Syrian revolution. âThere is no doubt that I felt overwhelming joy at the fall of the Assad regime," said Badi Al-Rafaia, Engineer, union activist and member of the Islamic Action Front. "There is no doubt that we are happy with what happened in Syria, happy with the success of the revolution, happy with the Syrian people getting rid of an oppressor and criminal who treated the Syrian people and made the Syrian state a failed state.â Al-Rafaia said that Jordan is benefiting from what happened in Syria, and "we hope that Jordan will help the revolution succeed and not work against it.â Amman resident Muhab al-Majali said the fall of the Assad regime is âThe end of every unjust and tyrannical rule, and more than that, it mortgaged the country and its people to the Iranians, who abandoned it in minutes... I believe that the future is beautiful and prosperous for the Syrians.â BERLIN â The International Committee of the Red Cross is calling for safe humanitarian access and protection of civilians in Syria after the fall of Bashir Assadâs government. âOur teams in Syria, including in Damascus, have been closely monitoring the fast-evolving security and humanitarian situation in coordination with the Syrian Arab Red Crescent,â the ICRCâs head of delegation in Syria, Stephan Sakalian, said in a written statement Sunday. The ICRC is âresponding wherever possible, with further efforts underway, as hundreds of thousands of people need care and humanitarian assistance,â he said. Sakalian called âon all parties to urgently enable safe and unhindered access for medical and humanitarian workers to reach those in need, to protect civilians, and to uphold their obligations under international humanitarian law.â BAGHDAD â The Iraqi government said in a statement Sunday that it âsupports all international and regional efforts seeking to open a dialogueâ for Syria âleading to the adoption of a pluralistic constitution that preserves the human and civil rights of Syrians, and supports cultural, ethnic and religious diversity.â The statement from government spokesperson Bassem al-Awadi, said that Iraq understands âthe necessity of respecting the free will of all Syrians, and stresses that the security of Syria, the unity of its territories, and the preservation of its independence are of utmost importance, not only for Iraq but also for its connection to the security and stability of the region.â It cautioned against âinterfering in Syriaâs internal affairs, or supporting one party for the benefit of another.â Iraq, which has a close relationship with Iran - once a strong ally of former Syrian President Bashar Assad - has taken in some 2,000 Syrian army soldiers who fled the country amid the advance of armed opposition groups. CAIRO â The head of Yemenâs internationally recognized government welcomed the fall of the government of President Bashar Assad of Syria. âItâs a historic moment,â Rashad al-Alimi, who chairs the ruling presidential council, wrote on X platform of Assadâs downfall. âItâs time for the Iranian regime to stop meddling in Yemen, respect its sovereignty and identity.â Al-Alimi, who is backed by Saudi Arabia, was referring to Iranâs support of Houthi rebels who are at war with Yemenâs internationally recognized government for a decade. DAMASCUS â Families wandered through the high-ceilinged halls of the presidential palace in Damascus on Sunday, along with some armed men. Some paused to take family portraits or selfies on the few remaining couches against the backdrop of mosaiced walls, while others walked out with chairs and other items under their arms. On the massive parking lot out front, cars drove in circles honking ecstatically. In central Damascusâ Umayyad Square, drivers passing by also honked jubilantly, while young men piled onto a tank abandoned in the square. But for some the celebration was bittersweet. âI am very happy, but this happiness will not be completed until I can see my son out of the prison and know where is he is,â said Damascus resident Bassam Masr. âI have been searching for him for two hours - he has been detained for 13 years.â TEHRAN, Iran â Iran says the Syrian people should decide their countryâs future âwithout destructive, coercive foreign intervention.â The Foreign Ministry statement issued Sunday marked Iranâs first official reaction to the overthrow of President Bashar Assad, who it had strongly backed through nearly 14 years of civil war. Assadâs government was a close ally of Iran that served as a crucial conduit between it and Lebanonâs Hezbollah. The rebels who toppled Assad view Iran as a hostile foreign influence, and the abandoned Iranian Embassy in Damascus was ransacked as they entered the city. The Foreign Ministry statement said Iran supports Syriaâs unity and national sovereignty, and hopes to see âthe end of military conflicts, the prevention of terrorist activities and the start of a national dialogueâ with the participation of all groups. âIt is expected that the wise and farsighted relations of the two nations will continue based on mutual ties and interests,â the statement said. TEL AVIV, Israel â Israeli Prime Minister Benjamin Netanyahu said on Sunday that Israeli forces have seized a buffer zone in the Golan Heights established by a 1974 ceasefire agreement with Syria. He spoke from an overlook near the border between Syria and the Israeli-annexed Golan Heights, after Syrian rebels tore through the country and dramatically ended Assadâs rule on Sunday morning. Netanyahu said the 50-year-old agreement had collapsed and that Syrian troops had abandoned their positions, necessitating the Israeli takeover as a âtemporary defensive position.â Israel captured the Golan Heights in the 1967 Mideast war and annexed it. The international community, except for the United States, views it as occupied Syrian territory. Satellite images analyzed by the Associated Press show that as early as September, Israel began construction of what could possibly be a new road right along the so-called Alpha Line that separates the Israeli-occupied Golan Heights from Syria . The United Nations confirmed that Israeli troops entered the demilitarized zone during the work. The United Nations maintains a peacekeeping force in the demilitarized zone called the United Nations Disengagement Observer Force, or UNDOF, with around 1,100 peacekeepers from Fiji, India, Kazakhstan, Nepal, and Uruguay. After the 1973 Mideast war, the U.N. Secretary Council voted to create UNDOF to patrol a roughly 400 square kilometer (155 square mile) demilitarized zone and maintain the peace there. MASNAA, Lebanon â At Lebanonâs Masnaa crossing into Syria, the mood was festive Sunday with some local Lebanese residents handing out congratulatory sweets to Syrians lined up to return to their country. Sami Abdel-Latif, a refugee from Hama who was heading to Syria to join his wife and four children, said while the future in Syria is still uncertain, âanything is better than Bashar.â He said he expected some chaos initially but that eventually the situation would settle down. âLook at Aleppo now,â he said, referring to the first major city taken over by opposition forces more than a week ago, where life has continued more or less as normal. Abdel-Latif, a construction worker, said he is also hoping that there will now be plentiful work in Syria to rebuild. Malak Matar, who was preparing to return to Damascus, said, âThis is a feeling weâve been waiting 14 years for. âYou feel yourself psychologically free - you can express yourself,â he said. âThe country is free and the barriers have been broken down.â Now, he said, âSyrians have to create a state that is well-organized and take care of their country. Itâs a new phase.â DAMASCUS, Syria â An Associated Press journalist in Damascus reported airstrikes in the area of the Mezzeh military airport, southwest of the capital Sunday. The airport has previously been targeted in Israeli airstrikes, but it was not immediately clear who launched Sunday's strike. The Israeli military refused to comment on the airport strike. Israel often does not publicly claim responsibility for attacks in Syria. The Syrian Observatory for Human Rights, a UK-based war monitor, reported that Israeli warplanes also targeted warehouses belonging to the Syrian armyâs Fourth Division and another former military site outside of Damascus Sunday. On Saturday and Sunday, the Israeli military sent additional troops to the Israeli-annexed Golan Heights to bolster Israelâs presence along the border between Israel and Syria. Agricultural areas along the border were declared closed military zones and some schools shifted to online classes in anticipation of unrest. MOSCOW â Russiaâs Foreign Ministry claimed Sunday that Bashar Assad had left Syria after negotiations with rebel groups, and gave âinstructionsâ to âtransfer power peacefully.â In a post on the Telegram messaging app on Sunday, the ministry said Moscow had not directly participated in these talks. It also said it has been following the âdramatic eventsâ in Syria âwith extreme concern." It also said Russian troops stationed in Syria have been put on high alert and that as of early afternoon Sunday, there was âno serious threatâ to the security of Russiaâs military bases there. Russia has waged a military campaign in Syria since September 2015, teaming up with Iran to allow Assadâs government to fight armed opposition groups and reclaim control over most of the country. While Russia now concentrates the bulk of its military resources in Ukraine, it has maintained a military foothold in Syria and keeps troops at its bases there.
Guardiola denies rift with De Bruyne during Man City's dramatic slump
OFG Bancorp ( NYSE:OFG â Get Free Report ) announced a quarterly dividend on Monday, October 28th, RTT News reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.25 per share by the bank on Wednesday, January 15th. This represents a $1.00 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Tuesday, December 31st. OFG Bancorp has increased its dividend by an average of 46.5% per year over the last three years. OFG Bancorp has a payout ratio of 25.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect OFG Bancorp to earn $4.07 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 24.6%. OFG Bancorp Stock Down 0.3 % OFG Bancorp stock opened at $43.20 on Friday. OFG Bancorp has a 52 week low of $33.19 and a 52 week high of $47.66. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The companyâs 50-day moving average price is $43.26 and its two-hundred day moving average price is $42.49. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 10.51 and a beta of 1.02. Insider Buying and Selling at OFG Bancorp In related news, CEO Jose Rafael Fernandez sold 50,000 shares of the businessâs stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $45.24, for a total transaction of $2,262,000.00. Following the sale, the chief executive officer now directly owns 284,775 shares in the company, valued at approximately $12,883,221. The trade was a 14.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Company insiders own 2.16% of the companyâs stock. OFG Bancorp announced that its Board of Directors has authorized a stock repurchase plan on Monday, October 28th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the bank to repurchase up to 2.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the companyâs board believes its shares are undervalued. Analyst Ratings Changes OFG has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of OFG Bancorp from $49.00 to $53.00 and gave the stock an âoutperformâ rating in a research note on Wednesday, December 4th. Wells Fargo & Company increased their price objective on shares of OFG Bancorp from $48.00 to $49.00 and gave the stock an âoverweightâ rating in a research report on Tuesday, December 3rd. Finally, Piper Sandler decreased their price objective on OFG Bancorp from $49.00 to $47.00 and set an âoverweightâ rating for the company in a report on Thursday, October 17th. Check Out Our Latest Stock Analysis on OFG Bancorp About OFG Bancorp ( Get Free Report ) OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, and individual retirement accounts; certificate of deposits, as well as time deposit products; commercial, consumer, auto leasing, and mortgage lending services; credit cards; cash management; financial planning and insurance services; and corporate and individual trust, and retirement services. Recommended Stories Receive News & Ratings for OFG Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OFG Bancorp and related companies with MarketBeat.com's FREE daily email newsletter .
But the City boss has vowed to stay on and lift the club back to the top even if they are sent all the way down to the National League. Guardiola ended speculation over his immediate future this week by extending his contract, which had been due to expire at the end of the season, through to the summer of 2027. That has given the club some stability at a time of great uncertainty as they fight 115 charges related to alleged breaches of the Premier Leagueâs financial regulations. City have denied all wrongdoing but their punishment if found guilty could be severe, with demotion even a possibility. Guardiola has strongly defended the club in the past and is happy to continue doing so. The Spaniard said: âI donât enjoy it, I prefer not to be in that position, but once itâs there I love it because, when you believe in your club, and the people there â I believe what they say to me and the reasons why. âI cannot say yet because weâre awaiting the sentence in February or March â I donât know when â but at the same time, I like it. âI read something about the situation and how you need to be relegated immediately. Seventy-five per cent of the clubs want it, because I know what they do behind the scenes and this sort of stuff. âI said when all the clubs accused us of doing something wrong, (and people asked) what happens if we are relegated, (I said) I will be here. âNext year, I donât know the position of the Conference they are going to (put) us, (but) we are going to come up and come up and come back to the Premier League. I knew it then and I feel it now.â The immediate priority for Guardiola, who said his contract negotiations were completed in âjust two hoursâ, is to arrest a run of four successive defeats in all competitions. Yet, ahead of their return to action against Tottenham at the Etihad Stadium on Saturday, the champions continue to grapple with a lengthy injury list. Mateo Kovacic is their latest casualty after sustaining a knock on international duty that could keep him out for up to a month. On the positive side, defenders Nathan Ake, John Stones and Manuel Akanji could feature and Jack Grealish is also closing in on a return after a month out. Much to Guardiolaâs frustration, Grealish was called up by England for their recent Nations League games, although he later withdrew. Guardiola said: âI want the best for Jack and I want the best for Jack with the national team but the doctor said to me that he was not ready to play. âI know (England) want him but they have 200 players to select from and Jack was not fit. He had to recover from many things.â Kyle Walker played for England against both Greece and the Republic of Ireland despite limited game time since suffering injury in the October international break. Guardiola said: âIf he is fit I like him to play in the national team. It is not a problem, donât misunderstand me. âKyle has a dream to make 100 caps for the national team. Do I want to cancel this dream? Absolutely not. âBut if you are not fit, if you cannot play here, you cannot play for the national team. It is quite obvious.â$HAREHOLDER INVESTIGATION: The M&A Class Action Firm Continues to Investigate the Mergers of MKFG, CFB, and ARCH
Three different former Pittsburgh Steelers quarterbacks threw touchdowns with their new teams on Sunday. Kenny Pickett , Mitch Trubisky, and Mason Rudolph all found the end zone on Sunda. That means the entire 2023 Steelers quarterback room scored touchdowns. Pickett started for the injured Jalen Hurts, who has a concussion. He combined two touchdowns while leading the Eagles to the NFC East crown. Pickett aggravated a rib injury and could not finish the game, but the Eagles led 24-7 before hie exit. Trubisky replaced Josh Allen after the Buffalo Bills had already routed the New York Jets. Trubisky drove the offense down the field with the backups in the game and found paydirt for the first time this season. Rudolph is starting for the Tennessee Titans after they benched second-year quarterback Will Levis. He hit another former Steeler, tight end Nick Vannett, for his lone touchdown pass of the game. The Titans would drop the game 20-13 to the Jacksonville Jaguars as the Titans continue to plummet in the NFL Draft order. BETTING: Check out our guide to the best PA sportsbooks , where our team of sports betting experts has reviewed the experience, payout speed, parlay options and quality of odds for multiple sportsbooks. More Pittsburgh Steelers News Pittsburgh Steelers likely to play in Ireland game in 2025 Former Pittsburgh Steelers quarterback helps lead new team to division title Possible Pittsburgh Steelers playoff opponent eliminated Potential Pittsburgh Steelers playoff opponents revealed Ravens star cornerback hit with massive fine for taunting Steelers player(The Center Square) â The Illinois House speakerâs executive assistant has reported to the witness stand at former House Speaker Michael Madiganâs corruption trial. Mika Baugher has worked for Illinois House Speaker Chris Welch, D-Hillside, since 2021. Baugher was Madiganâs executive assistant from 2017-2021. Madigan had been speaker for all but two years from 1983 to 2021. Baugher previously worked in the speakerâs office from 2001 to2010 and returned in 2013. U.S. government attorney Julia Schwartz introduced pages of Madiganâs schedules over a period of years, which included meetings and dinners with Madiganâs codefendant Michael McClain. The schedules also included meetings with Reyes Kurson law partner Victor Reyes, Madigan campaign worker Ed Moody, state Reps. Eddie Acevedo, D-Chicago, and Mike Zalewski, D-Riverside, Gov. J.B. Pritzker and others. AT&T Associate Director of Technology Jack Randall, who oversees wireless records for the company, took the stand Tuesday afternoon after former Chicago Alderman Daniel Solis finished his testimony. Randall discussed AT&Tâs wireless network with a focus on the years 2017 and 2018. Randall explained that any given call might not go through the networkâs nearest processing center. Randall reviewed and verified six calls that had been presented as government exhibits. Prosecutors played several recordings of McClain Tuesday, including conversations with former Madigan chief of staff Tim Mapes. In a call with state Rep. Bob Rita, D-Blue Island, McClain warned Rita about emails related to a gaming bill. McClain advised Rita not to put things in print and said, âThe feds are gonna look at it.â Government attorney Sarah Streicher then played a series of calls related to gaming legislation. In one recording, McClain said he was a âMadiganâs agentâ and that he was âguiding Rita.â Earlier Tuesday, McClain defense attorney John Mitchell resumed his cross-examination of Solis. After Mitchell asked Solis about his city pension of âapproximately $100,000â per year, Solis said it was important to him as a government cooperator to keep his pension. Solis said he understood that his truthful cooperation could lead to the dismissal of his remaining bribery charge and thereby allow him to keep his pension. When asked by Mitchell, Solis affirmed that he was a well-respected alderman and Latino leader in Chicago. At times during Mitchellâs cross-examination of Solis, McClain had his elbows on the table in front of him with his head lowered against his clasped hands. Mitchell referred to a videotaped meeting at Solisâ City Hall office on Dec. 18, 2017, when Solis and McClain discussed the proposed development of state-owned land in Chicagoâs Chinatown neighborhood. During the conversation, Solis mentioned developers Eddie Ni and Ray Chin and then-Speaker Madigan. âEddie and Ray, have always been, well, not Eddie, âcause heâs recently maybe the last five years, but Ray, for the 22 years Iâve been here, heâs always been a strong supporter. Listens to my advice and everything. And so, in the past, I have been able to steer some work to Mike. And these guys will do the same thing. And then, so Iâm hoping whatever happens in this 2019, 2018 election that this is gonna go through,â Solis told McClain. The Chinatown project faced opposition from then-Illinois Transportation Secretary Randy Blankenhorn, who served under Republican Gov. Bruce Rauner. In undercover video former Chicago Alderman Daniel Solis captured for federal investigators on Dec. 18, 2017, Solis meets with Michael McClain, codefendant in the corruption case against former Illinois House Speaker Michael Madigan. During the meeting with Solis, McClain expressed optimism that the project might still go through. McClain also offered a âdual path,â with Democrat J.B. Pritzker projected to defeat Rauner in the gubernatorial election the following year. âInstead of just keeping it quiet, if thatâs what we think is happening, then we wanna get inside the Pritzker group. So in 2019, the Pritzker IDOT will say, âOK,â McClain told Solis. After Mitchell finished, government attorney Diane MacArthur asked for a sidebar discussion, which led to an early lunch break at Judge John Robert Blakeyâs direction. MacArthur introduced a recording of a phone call from Oct. 10, 2014, before Solis began cooperating with the government in 2016. During the call, Madigan asked Solis for an introduction to developer Michael Chivini of The Pizzuti Companies. Madigan attorney Dan Collins asked Solis if, in cooperation with the government, he was investigating conduct or people. Solis said he thought he was investigating crimes. When Collins asked if he was asked to develop evidence against Madigan, Solis said, âIâm not sure how to answer that.â Collins pressed Solis about one of his visits to a massage parlor, which Solis said he did at the governmentâs instruction. MacArthur objected and called for a sidebar. Shortly after, Judge Blakey told Solis he could step down. In undercover video former Chicago Alderman Daniel Solis captured for federal investigators on Dec. 18, 2017, Solis meets with Michael McClain, codefendant in the corruption case against former Illinois House Speaker Michael Madigan. The jury was not seated until 9:59 a.m. Tuesday, after Blakey met with prosecutors and defense attorneys over âlegal matters.â The judge called for an early lunch shortly after 11 a.m., again due to âlegal mattersâ that involved attorneys resolving several issues. Blakey allowed prosecutors to address Solisâ cooperation in other investigations, including the corruption trial of former Chicago Alderman Ed Burke. The judge, however, instructed government attorneys not to use Burkeâs name during redirect testimony. Prosecutors agreed to defense attorneysâ request that Burke be referred to as a âhigh-ranking officialâ instead of a âhigh-ranking alderman.â Madiganâs defense team had earlier objected to potential testimony from AT&T's Randall. McClainâs defense team joined the objection, but attorneys from all sides resolved the issues before the jury returned from lunch. Connie Mixon, professor of Political Science and director of the Urban Studies Program at Elmhurst University, told The Center Square that government attorneys have a lot of material. âThey have many counts. Theyâre hoping that at least some of those counts are going to stick, and (they) usually have built a solid foundation upon which to make their case,â Mixon explained. Madigan and McClain are charged with 23 counts of bribery, racketeering and official misconduct in connection with a scheme that federal prosecutors referred to as "Madigan Enterprise." Prosecutors allege that ComEd and AT&T Illinois gave out no-work or little-work jobs and contract work to those loyal to Madigan to get legislation passed that would benefit them in Springfield. Four ComEd executives and lobbyists were convicted last year in a related trial, and ComEd itself agreed to pay $200 million in fines as part of a deferred prosecution agreement with prosecutors. Madigan served in the Illinois House from 1971 to 2021. He was speaker for all but two years between 1983 and 2021. Madigan also chaired the Democratic Party of Illinois from 1998 to 2021. McClain was a longtime lobbyist who previously served as a state representative in Illinoisâ 48th district from 1973 to 1982. The trial is scheduled to resume Wednesday at the Everett McKinley Dirksen U.S. Courthouse in Chicago.