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Voters are against replacing disability benefits with vouchers and believe the welfare payments should be more generous, a survey shows. The majority of UK adults do not think personal independence payments (PIP) are too high despite attempts by successive ministers to bring forward cuts. And the public are also against replacing the money – which is to help people living with a disability with day to day activities and mobility – with vouchers, polling carried out by Savanta on behalf of i revealed. The proposal was put forward by the former Conservative government to drive down the rising cost of disability benefits. Liz Kendall, the Work and Pensions Secretary, has not ruled out including the idea in her own reforms, which are expected to be set out next year. Just one in four (23 per cent) of adults polled earlier this month said they support a voucher scheme replacing the current benefit system, with a majority (62 per cent) being in favour of PIP being paid in cash. Support for maintaining cash payments was cross-party, according to the survey, with a 2024 majority of Conservative, Labour, Liberal Democrat and Reform voters agreeing. The Government is preparing to set out proposals to cut economic inactivity by getting more people into work and imposing tougher sanctions on young people who refuse education or employment . The announcement is part of a wider drive to bring down welfare spending and ministers are also looking to reform disability and incapacity benefits as a means to save money. Changes to the disability benefit system are expected to be proposed, and consulted on next year, and ministers have come in for criticism for leaving claimants in a state of uncertainty. Kendall has insisted her government will come forward with its own plans but has not ruled out looking again at proposals mooted by her predecessor. These include raising the bar for disability benefits, introducing a tiered approach to payments and replacing cash with home improvement services or vouchers. UK adults also overestimate the amount of PIP paid to a claimant over four weeks, according to the survey of 2,228 voters. Only 14 per cent thought it was close to the actual standard rate of £290 for everyday tasks. Some 39 per cent guessed the payments were over £500 and 21 per cent thought they were as high as £700. Despite this, UK adults are more likely to say that PIP is too low (30 per cent) rather than too high (12 per cent). Speaking to MPs earlier this month, Kendall declined to rule out taking the voucher proposal forward under plans to cut the benefit bill for taxpayers. Read Next Starmer ‘peddling benefit scrounger myth’ says Abbott ahead of welfare crackdown “I was very struck particularly by the comments people made around shifting support to vouchers and where many organisations said their real concern was that it took away people’s autonomy and particularly when services are so stretched and tight,” Kendall said. “I will be putting forward our own proposals to reform sickness and disability benefits,” she added. “But based on those clear principles – getting the decisions right first time, early intervention, genuine support to help people into work, [and to] help people live fulfilling and independent lives.” Pressed on whether she would rule out a voucher system, she declined to do so. Chris Hopkins, political research director at Savanta said benefit vouchers “are simply not popular with the public, even for voters who traditionally support lower spending on the welfare state, such as Conservative or Reform UK voters”. “The majority of voters across all major parties believe that PIP should be made in cash to a bank account, as is currently the case,” he said. “Interestingly, only one in seven voters could correctly identify a standard four-week PIP payment – most suggesting a level far higher than is the reality. Despite this, UK adults are actually more likely to say that PIP is too low, rather than too high.” The proposed changes to the welfare system are part of a wider plan to tackle the rise in people claiming disability benefits, which is expected to cost the taxpayer £28bn a year by 2028/29 – an 110 per cent rise in spending since 2019. Ministers are due to set out the next steps for reforming PIP in the coming spring, as revealed by i , and are expected to review the eligibility criteria for PIP to reduce the pool of people who can claim. The Government will set out plans this week to change the process for assessing means-tested benefit claims for those who cannot work due to long-term sickness. The changes will mean young people will lose their benefits if they refuse to take up work and training opportunities. The Labour Government has said it will stick to a commitment under the former Tory administration to reduce the welfare bill by £3 billion over five years. Under the previous government, welfare eligibility would have been tightened so around 400,000 more people signed off long-term would be assessed as needing to prepare for work by 2028/29 to deliver the savings.
(All amounts expressed in Canadian dollars unless otherwise noted) TORONTO , Dec. 12, 2024 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM ) (TSX: AEM) (" Agnico Eagle ") and O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF ) (" O3 Mining ") are pleased to jointly announce that Gold Fields Limited, through a 100% indirect Canadian subsidiary (" Gold Fields "), O3 Mining's largest shareholder, has agreed to a lock-up agreement with Agnico Eagle to tender its common shares of O3 Mining (" Common Shares ") into Agnico Eagle's offer to acquire all of the outstanding Common Shares for $1.67 per Common Share in cash by way of a take-over bid (the " Offer "). See O3 Mining and Agnico Eagle's joint news release of December 12, 2024 for a detailed description of the Offer. A copy of the December 12, 2024 joint news release is available at: https://www.agnicoeagle.com/English/investor-relations/news-and-events/news-releases/news-release-details/2024/Agnico-Eagle-to-Acquire-O3-Mining-in-Friendly-Transaction/default.aspx . Gold Fields owns approximately 17% of the outstanding Common Shares on a basic basis. Including its lock-up agreement with Gold Fields, Agnico Eagle has now entered into lock-up agreements with O3 Mining shareholders owning an aggregate of approximately 39% of the outstanding Common Shares on a basic basis, including each of the directors and officers of O3 Mining. The offer price of $1.67 per Common Share represents a premium of 57% to the volume weighted average price of the Common Shares on the TSX Venture Exchange for the 20-day period ended December 11, 2024 (the last trading day prior to announcement of the Offer). The Offer has been unanimously recommended by the O3 Mining Board of Directors and Special Committee of independent directors. How to Tender Your Shares; Postal Strike Only O3 Mining shareholders who tender their Common Shares will receive the cash consideration of $1.67 per Common Share. For information on tendering your Common Shares please contact Laurel Hill Advisory Group at [email protected] . In light of the Canada Post labour strike , shareholders are encouraged to stay up to date on the Offer by visiting: https://www.agnicoeagle.com/Offer-for-O3-Mining/default.aspx . Shareholders are also asked not to mail in any Letter of Transmittal or share certificates. Instead, shareholders may contact Laurel Hill Advisory Group. About O3 Mining Inc. O3 Mining Inc. is a gold explorer and mine developer in Québec, Canada , adjacent to Agnico Eagle's Canadian Malartic mine. O3 Mining owns a 100% interest in all its properties (128,680 hectares) in Québec. Its principal asset is the Marban Alliance project in Québec, which O3 Mining has advanced over the last five years to the cusp of its next stage of development, with the expectation that the project will deliver long-term benefits to stakeholders. About Agnico Eagle Mines Limited Agnico Eagle is a Canadian based and led senior gold mining company and the third largest gold producer in the world, producing precious metals from operations in Canada , Australia , Finland and Mexico . It has a pipeline of high-quality exploration and development projects in these countries as well as in the United States . Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading environmental, social and governance practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983. Cautionary Note Regarding Forward-Looking Information This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation that is based on current expectations, estimates, projections, and interpretations about future events as at the date of this news release. Forward-looking information and statements are based on estimates of management by O3 Mining and Agnico Eagle, at the time they were made, and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information or statements. Forward-looking statements in this news release include, but are not limited to, statements regarding: the Offer, including the anticipated timing of commencement and expiration, mechanics, funding, completion, settlement, results and effects of the Offer, the expected outcomes of completion of the transaction and the other benefits of the transaction. Material factors or assumptions that were applied in formulating the forward-looking information contained herein include, without limitation, the expectations and beliefs of Agnico Eagle and O3 Mining that the Offer will be made in accordance with the definitive support agreement in respect of the Offer and will be successful, that all required regulatory consents and approvals will be obtained and all other conditions to completion of the transaction will be satisfied or waived. Agnico Eagle and O3 Mining caution that the foregoing list of material factors and assumptions is not exhaustive. Although the forward-looking information contained in this news release is based upon what Agnico Eagle and O3 Mining believe, or believed at the time, to be reasonable expectations and assumptions, there is no assurance that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither O3 Mining, nor Agnico Eagle nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. O3 Mining and Agnico Eagle do not undertake, and assume no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable law. These statements speak only as of the date of this news release. Nothing contained herein shall be deemed to be a forecast, projection or estimate of the future financial performance of Agnico Eagle or any of its affiliates or O3 Mining. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. SOURCE Agnico Eagle Mines LimitedROME (AP) — Robert Lewandowski joined Cristiano Ronaldo and Lionel Messi as the only players in history with 100 or more goals. But is on a faster pace than anyone by boosting his total to 46 goals at age 24 on Tuesday. Still, Haaland’s brace wasn’t enough for Manchester City in a 3-3 draw with Feyenoord that extended the Premier League champion’s winless streak to six matches. Lewandowski’s early penalty kick started Barcelona off to a 3-0 win over previously unbeaten Brest to move into second place in the new single-league format. The Poland striker added goal No. 101 in second-half stoppage time. Ronaldo leads the all-time scoring list with 140 goals and Messi is next with 129. But neither Ronaldo nor Messi plays in the Champions League anymore following moves to Saudi Arabia and the United States, respectively. “It’s a nice number,” Lewandowski said. “In the past I didn’t think I could score more than 100 goals in the Champions League. I’m in good company alongside Cristiano and Messi.” The 36-year-old Lewandowski required 125 matches to reach the century mark, two more than Messi (123) and 12 fewer than Ronaldo (137). Barcelona also got a second-half score from Dani Olmo. The top eight finishers in the standings advance directly to the round of 16 in March. Teams ranked ninth to 24th go into a knockout playoff round in February, while the bottom 12 teams are eliminated. Haaland converted a first-half penalty to eclipse Messi as the youngest player to reach 45 goals then scored City’s third after the break to raise his total to 46 goals in 44 games. Ilkay Gundogan had City’s second. But then Feyenoord struck back with goals from Anis Hadj Moussa, Santiago Gimenez and David Hancko. Inter Milan beat Leipzig 1-0 with an own goal to move atop the standings with 13 points, one more than Barcelona and Liverpool, which faces Real Madrid on Wednesday. The Serie A champion is the only club that hasn’t conceded a goal. Bayern Munich beat Paris Saint-Germain 1-0 — the same score from the 2020 final between the two teams. PSG ended with 10 men and remained in the elimination zone. The French powerhouse has struggled in Europe after Kylian Mbappe’s move to Real Madrid. Kim Min-jae’s first-half header was enough for Bayern, especially after Ousmane Dembelé was sent off in the 56th with his second yellow. Atalanta moved within two points of the lead with a 6-1 win at Young Boys. Charles De Ketelaere scored two and assisted on three other goals for Atalanta. Also, Arsenal kept red-hot striker Viktor Gyokeres quiet in a 5-1 win over Sporting Lisbon; and Germany star Florian Wirtz scored two goals and was involved in two more as Bayer Leverkusen boosted its chances of finishing in the top eight with a 5-0 rout of Salzburg. AC Milan followed up its win at Real Madrid with a 3-2 victory at last-place Slovan Bratislava in an early match. Christian Pulisic put the seven-time champion ahead midway through the first half by finishing off a counterattack. Then Rafael Leao restored the Rossoneri’s advantage after Tigran Barseghyan had equalized for Bratislava and Tammy Abraham quickly added another. Nino Marcelli scored with a long-range strike in the 88th for Bratislava, which ended with 10 men. Bratislava has lost all five of its matches. Related Articles Argentina World Cup winner Julian Alvarez scored twice and Atletico Madrid routed Sparta Prague 6-0 in the other early game. Alvarez scored with a free kick 15 minutes in and Marcos Llorente added a long-range strike before the break. Alvarez finished off a counterattack early in the second half after being set up by substitute Antoine Griezmann, who then marked his 100th Champions League game by getting on the scoresheet himself. Angel Correa added a late brace for Atletico, which earned its biggest away win in Europe. Atletico beat Paris Saint-Germain in the previous round and extended its winning streak across all competitions to six matches.
Panthers head coach Dave Canales gave an update on tight end Ja’Tavion Sanders’s condition after the end of Sunday’s 30-27 loss to the Chiefs. Sanders had to leave the game after being flipped and landing on his head during the first half. Sanders was placed on a backboard and taken to a local hospital for further evaluation. Canales said at halftime that Sanders has a concussion and has movement in all his extremities. He told reporters after the game that Sanders also has a neck injury and that the tight end has been released from the hospital. Further updates will come during the week, but it’s a positive first update after a scary scene on Sunday.Revolutionary Single-Layer Film Eliminates Helmet Changes, Enhancing Driver Safety and Performance LAS VEGAS , Dec. 11, 2024 /CNW/ -- Racing Optics®, the global leader in high-performance tearoff visor film technology, proudly unveils its latest innovation: the Twilight Tearoff . This groundbreaking single-layer tearoff is engineered to elevate driver visibility during late-afternoon and early-evening races, providing superior glare reduction and contrast enhancement. The Twilight Tearoff redefines race-day performance by allowing drivers to maintain focus and adapt seamlessly to changing light conditions, eliminating the need for disruptive helmet changes. This innovation represents a significant leap forward in racing vision technology, delivering immediate and measurable benefits to professional drivers and teams alike. "The Twilight Tearoff solves one of racing's most persistent challenges—ensuring optimal visibility as lighting transitions rapidly during twilight races," said Chris Colton , Chief Applications Engineer at Racing Optics . "Our dedication to driver safety and performance drives every innovation, and the Twilight Tearoff is no exception." Transforming Racing at Twilight Racing teams are already embracing the Twilight Tearoff as a game-changing solution for twilight and low-light racing conditions. One racing team manager shared their experience: "In a recent twilight race, the Twilight Tearoff gave our drivers unmatched visual clarity. Transitioning from glaring sunlight to artificial lighting without pausing to change helmets was a decisive advantage that kept us competitive." By streamlining the driver experience, the Twilight Tearoff enhances safety and helps maintain uninterrupted race momentum—a critical edge in the high-stakes world of motorsports. Exclusive Debut at PRI Show 2024 The Twilight Tearoff will make its debut at the Performance Racing Industry (PRI) Show , held December 12–14, 2024, in Indianapolis, Indiana . This highly anticipated event marks Racing Optics' 25th anniversary , celebrating a legacy of trailblazing innovations in motorsports safety and performance. Availability The Twilight Tearoff is now available for purchase at RacingOptics.com and through authorized dealers. Teams and drivers looking to gain a competitive edge are encouraged to explore this latest advancement. About Racing Optics For 25 years, Racing Optics has led the field in racing vision technology, delivering innovative solutions that enhance safety and performance. With a commitment to collaboration and innovation, the company continues to push the boundaries of motorsports protective equipment. For additional information, please visit RacingOptics.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/racing-optics-introduces-game-changing-twilight-tearoff-to-enhance-visibility-in-low-light-racing-conditions-302329546.html SOURCE Racing Optics, Inc.
Bipartisan Lawmakers Aim To Break Up Health Care Giants With New Legislation
The Indian equity market on Monday is expected to react to the outcomes of state assembly elections in Maharashtra and Jharkhand, alongside global triggers such as developments in the Russia-Ukraine war. The BJP-led Mahayuti alliance swept Maharashtra, registering much more seats than predicted by exit polls. NSE This result is likely to provide political stability, boosting investor sentiment—particularly in infrastructure, urban development, and manufacturing sectors aligned with BJP policies. Stability in Maharashtra could trigger a stock market rally, enhancing investor confidence due to the continuity of pro-business policies, especially after uncertainty from previous coalition shifts. Friday’s gains helped the market turn positive for the week, snapping a two-week losing streak and regaining half of the losses from the prior week. Notably, 34 of the 50 Nifty stocks recorded gains during the week. The Nifty posted its best single-day gain in over five months on November 22, rising nearly 2.4%. Buying at lower levels in blue-chip stocks fueled the rally, with several index heavyweights, including Reliance, posting significant gains. Adani Group stocks also saw a recovery, climbing up to 14% from recent lows. These healthy gains helped BSE-listed companies add ₹ 7 lakh crore in market capitalisation. On the corporate results front, the Q2FY25 earnings scorecard was weak overall, but excluding commodities, it reflected in-line earnings growth. Siddhartha Khemka of Motilal Oswal expects a recovery in corporate earnings moving forward. However, in the near term, Khemka anticipates continued market volatility driven by state election outcomes, FII activity, and global geopolitical concerns. Foreign institutions continued to remain net sellers in the cash market on Friday, while domestic institutions were net buyers. What do the Nifty50 charts suggest? The Nifty50 index ended the session with an impressive 2.39% gain at 23,907.25, marking a strong relief rally. This momentum carried the index to a weekly gain of 1.59%. A gap-up start for Nifty 50 and Nifty Bank cannot be ruled out. "In the daily timeframe, the Nifty formed a bullish engulfing pattern. Nifty has reclaimed the 10 DMA and 200 DMA, though still trailing the 20 DMA. On the hourly chart, the formation of an inverse head-and-shoulders pattern hints at a potential upside, projected to the 24,150–24,200 range. The support has now shifted higher to 23,600 levels. The short-term strategy has altered from ‘sell on the rise’ to ‘buy the dip’, signalling a bullish undertone," said Om Mehra, Technical Analyst, SAMCO Securities. As long as the market is trading above 200 day SMA or 23600/77500 the pullback formation is likely to continue, believes Amol Athawale of Kotak Securities. On the higher side, it could move up to 24000-24200/79400-79900 On the flip side, below 23600/77500 the sentiment could change. Below the same, he said that traders may prefer to exit out from the trading long positions. LKP Securities' Rupak De said the Nifty witnessed a strong recovery as the index moved back above the 200DMA, indicating an improving trend. Additionally, the Nifty has broken out of a few days of congestion on the daily timeframe. "The RSI has entered a bullish crossover near the oversold zone, suggesting positive momentum. The sentiment appears favorable for a meaningful rally in the short term, as long as the index stays above 23,600. Immediate resistance is seen at 23,960–24,000. A decisive move above 24,000 could trigger a rally toward 24,500. On the downside, supports are placed at 23,750 and 23,550," De said. What do the Nifty Bank charts suggests? Nifty Bank concluded the session at 51,135.40, with a gain of 1.51%. The index now holds above its 10-day moving average and is nearing a breakout above the 20-day moving average. For the Bank Nifty now, experts believe 50500 and 50300 would be key support zones while 20 day SMA or 51250 and 50 day SMA or 51850 could be the crucial resistance areas for the short-term traders. "A sustained move beyond this level could provide significant room for further upside. Additionally, Nifty Bank is approaching the average line of the daily RSI, which may enhance bullish momentum and strengthen the ongoing trend. The resistance remains at 51,800, while support has shifted upward to 50,700," Mehra said.
Shower Envy Hits Argyle with Wise Glass' Innovative Shower Technology 12-11-2024 11:34 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: Getnews / PR Agency: The SED Society Image: https://www.getnews.info/uploads/1733929018.jpg Argyle showers got wiser and significantly more stylish with the arrival of Wise Glass' innovative shower technology to the heart of Texas. Argyle showers got wiser and significantly more stylish with the arrival of Wise Glass' innovative shower technology to the heart of Texas. Elevating the everyday shower to an immersive experience, Wise Glass introduces its new era of bathroom designs where cutting-edge technology meets personalized luxury. This commitment to innovation transforms the once-mundane shower into a haven of relaxation and rejuvenation that redefines the daily ritual into a luxurious escape. "Maximize your space, minimize your stress," says Kevin Wisecarver of Wise Glass. "This is what a modern shower experience should be, and this is exactly what Wise Glass delivers. Our innovative designs seamlessly blend form and function to create a shower that's both stylish and practical." Argyle, Texas, a town celebrated for its blend of small-town charm and discerning taste, is the perfect backdrop for Wise Glass' innovative shower designs. Homeowners in this vibrant community appreciate the finer details, making them ideal candidates for the company's commitment to personalized luxury and cutting-edge technology. For truly bespoke solutions, Wise Glass offers unparalleled craftsmanship and attention to detail throughout the region, with a stunning selection of Denton custom shower doors [ https://www.instagram.com/wise_glassllc/ ]. Whether residing in Argyle or elsewhere in Denton County, homeowners can now elevate their bathrooms with shower enclosures that translate their style into a breathtaking reality. Wise Glass, a leading frameless shower door company in Denton, TX [ https://presssynergy.com/newsroom/mirror-mirror-on-the-wall-wise-glass-is-the-best-in-denton-county-after-all/ ], is driven by a passion for transforming experiences into moments of self-care and indulgence. They understand that a shower is a chance to escape the demands of daily life and reconnect with oneself. This philosophy is embodied in their meticulous approach to design and installation, where every detail is carefully considered to create a truly immersive and personalized experience. Their Wise Glass Denton office [ https://www.google.com/maps/place/Wise+Glass+LLC./@33.2185142,-97.1367369,15z/data=!4m6!3m5!1s0x864dcb8e18e491cb:0x4ef61cad2f652124!8m2!3d33.2185142!4d-97.1367369!16s%2Fg%2F11vjhs083g?hl=en&entry=tts ] serves as a hub of inspiration, showcasing a diverse range of designs and offering expert guidance to help homeowners realize their dream showers. From sleek and minimalist to ornate and luxurious, the team at Wise Glass Denton is dedicated to creating shower enclosures that reflect individual tastes and elevate everyday routines. To experience the Wise Glass difference and explore their extensive range of shower enclosures, visit their website at https://www.wiseglassllc.net/ . Discover a world of design inspiration and embark on a journey to transform daily shower rituals into a moment of personalized luxury. Location: https://www.google.com/maps/embed?pb=!1m14!1m8!1m3!1d13351.325880970257!2d-97.1367369!3d33.2185142!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x864dcb8e18e491cb%3A0x4ef61cad2f652124!2sWise%20Glass%20LLC.!5e0!3m2!1sen!2sus!4v1713458540073!5m2!1sen!2sus " width= Media Contact Company Name: Wise Glass LLC Contact Person: Kevin Wisecarver Email: Send Email [ http://www.universalpressrelease.com/?pr=shower-envy-hits-argyle-with-wise-glass-innovative-shower-technology ] Phone: 682-297-5900 Address:414 W Parkway St City: Denton State: TX Country: United States Website: https://www.wiseglassllc.net/ This release was published on openPR.Atlantic Liberal caucus calls for Trudeau's resignation in letterCowboys win wild one vs. Commanders to halt five-game slide
From a 10-year-old to a Muppet to a president-elect, NYSE bell-ringers range from famous to obscure
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Since then, business titans, political giants and global film stars have all been among those ringing the opening bell at the NYSE. Ronald Reagan rang the bell as president in 1985. Billionaire businessman and former New York City Mayor Michael Bloomberg and Hollywood star Robert Downey Jr. have also rung the bell. The list even includes famous Muppets: Miss Piggy was once a bell ringer. President-elect Donald Trump joined that list Thursday when he opened trading at the famous stock exchange on Wall Street. He was accompanied by his wife, Melania, who interestingly enough received the honor before her husband. As first lady, she rang the bell in 2019 as part of her “Be Best” program. Bell-ringers are more commonly founders and executives chosen primarily from the exchange's more than 2,300 listed companies. Over the last few months, the guests have included executives from Alaska Air Group, Bath & Body Works, and Ally Financial. Stock trading around the location of the NYSE's current home has deep roots that trace back to the Dutch founding of New Amsterdam and when Wall Street had an actual wall. The NYSE traces its direct roots to the “Buttonwood Agreement” signed in 1792, which set rules for stock trading and commissions. The NYSE moved into its first permanent home in 1865. The first bell in use was actually a gong. The exchange moved into its current iconic building in 1903 and started using an electronically operated brass bell. That has evolved into synchronized bells in each of the NYSE’s four trading areas.Meet the 2024 State Journal/WiscNews Boys Volleyball All-Supernova teamThe NDIC has reassured depositors of the crashed Heritage Bank that their funds will be paid promptly The corporation also highlighted moves to clear payment delays months after the CBN revoked the bank's license It added that it has initiated the process of debt recovery and realisation of investments as well as physical assets PAY ATTENTION: Follow our WhatsApp channel to never miss out on the news that matters to you! Legit.ng journalist Victor Enengedi has over a decade's experience covering Energy, MSMEs, Technology and the Stock Market. The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, has reassured depositors of the former Heritage Bank that efforts are underway to address delays in accessing guaranteed amounts exceeding N5 million. Hassan provided this assurance on Saturday at the 2024 NDIC Editors Forum held in Lagos . The event, themed “Strengthening Nigeria’s Financial Safety-Net: The Role of Deposit Insurance,” focused on bolstering the nation’s financial stability. PAY ATTENTION: Follow us on Instagram - get the most important news directly in your favourite app! Legit.ng earlier reported that the Central Bank of Nigeria (CBN) revoked Heritage Bank's licenses in June this year after the bank failed to meet its financial obligations. Read also LCCI sends debt sustainability warning as Tinubu govt plans to borrow another $2.2bn The apex bank subsequently appointed the NDIC as the bank's liquidator. Exercising its statutory powers as the liquidator of failed banks, the commission announced the commencement of the sale of landed properties belonging to the failed bank. NDIC moves to clear payment delays Mr Hassan, represented by NDIC’s Executive Director, Operations, Mustapha Ibrahim, highlighted the corporation’s commitment to expediting payments. He noted that depositors with funds exceeding the insured limit of N5 million are being reimbursed through liquidation dividends obtained from asset recovery and debt collection initiatives. Hassan said: “The corporation has initiated the process of debt recovery and realisation of investments as well as physical assets of the defunct bank to ensure timely payment of uninsured deposits.” He further stated that the NDIC's obligations also include addressing the claims of creditors of the defunct bank, who will be compensated once all depositors have been fully paid. Read also Good news as banks begin repaying MTN, Airtel, others for N250 billion debt Highlighting the NDIC's mandate, he stressed its role in protecting depositors, particularly those less informed, while ensuring the stability of the financial system. Established more than 30 years ago, the NDIC, he said, plays a critical role in safeguarding depositors' funds and reducing risks within the banking sector. According to Premium Times, Hassan noted that the conference theme aligns with the corporation's ongoing interactions with business editors and financial journalists. Mr. Hassan praised the media for its significant contribution to the effective implementation of the deposit insurance system. Multichoice writes off $21m in Heritage Bank In related news, Legit.ng earlier reported that MultiChoice has written off $21 million it had in Heritage Bank. This information was cited in the company's interim financial results for the half-year ending September 30, 2024. MultiChoice's decision to write off the money highlights the challenges that companies in Nigeria face, especially given the country's fragile economy . PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy! Source: Legit.ng
Mutual of America Capital Management LLC grew its holdings in Simulations Plus, Inc. ( NASDAQ:SLP – Free Report ) by 18.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 85,275 shares of the technology company’s stock after buying an additional 13,418 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Simulations Plus were worth $2,731,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also recently modified their holdings of the company. Royce & Associates LP grew its stake in Simulations Plus by 28.8% during the 3rd quarter. Royce & Associates LP now owns 237,416 shares of the technology company’s stock valued at $7,602,000 after acquiring an additional 53,092 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Simulations Plus by 2.6% in the third quarter. Principal Financial Group Inc. now owns 87,273 shares of the technology company’s stock valued at $2,794,000 after purchasing an additional 2,226 shares during the last quarter. US Bancorp DE lifted its position in Simulations Plus by 37.0% during the third quarter. US Bancorp DE now owns 4,974 shares of the technology company’s stock worth $159,000 after buying an additional 1,343 shares in the last quarter. Congress Asset Management Co. boosted its stake in Simulations Plus by 22.5% during the third quarter. Congress Asset Management Co. now owns 206,542 shares of the technology company’s stock worth $6,613,000 after buying an additional 37,914 shares during the last quarter. Finally, Semanteon Capital Management LP purchased a new stake in Simulations Plus in the 3rd quarter valued at $358,000. 78.08% of the stock is owned by hedge funds and other institutional investors. Simulations Plus Stock Performance NASDAQ:SLP opened at $31.32 on Friday. Simulations Plus, Inc. has a fifty-two week low of $27.07 and a fifty-two week high of $51.22. The company has a 50 day moving average price of $30.80 and a 200 day moving average price of $38.31. The stock has a market capitalization of $628.59 million, a P/E ratio of 63.92 and a beta of 0.71. Insider Buying and Selling at Simulations Plus In related news, Director Walter S. Woltosz sold 20,000 shares of Simulations Plus stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $35.18, for a total value of $703,600.00. Following the completion of the transaction, the director now owns 3,501,592 shares in the company, valued at approximately $123,186,006.56. The trade was a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Insiders sold a total of 60,750 shares of company stock valued at $1,905,655 in the last three months. 20.90% of the stock is owned by corporate insiders. Wall Street Analyst Weigh In Several research analysts have recently commented on SLP shares. Stephens started coverage on Simulations Plus in a report on Friday, November 15th. They set an “overweight” rating and a $39.00 price target on the stock. BTIG Research reduced their target price on shares of Simulations Plus from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. StockNews.com cut shares of Simulations Plus from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. KeyCorp initiated coverage on shares of Simulations Plus in a research report on Monday, July 29th. They set an “overweight” rating and a $47.00 price target on the stock. Finally, William Blair reiterated an “outperform” rating on shares of Simulations Plus in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Simulations Plus currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.40. Check Out Our Latest Stock Analysis on SLP Simulations Plus Profile ( Free Report ) Simulations Plus, Inc develops drug discovery and development software for modeling and simulation, and prediction of molecular properties utilizing artificial intelligence and machine learning based technology worldwide. The company operates through two segments, Software and Services. It offers GastroPlus, which simulates the absorption and drug interaction of compounds administered to humans and animals; and DDDPlus and MembranePlus simulation products. Featured Articles Want to see what other hedge funds are holding SLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simulations Plus, Inc. ( NASDAQ:SLP – Free Report ). Receive News & Ratings for Simulations Plus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simulations Plus and related companies with MarketBeat.com's FREE daily email newsletter .
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