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Lindsay Whalen returns to Lynx as assistant coach; Eric Thibault hired as associate head coachBrits warned of fireworks rule ahead of New Years Eve – as police say you could face 6 MONTHS behind barsTraveling this holiday season? 10 things the TSA wants you to know
Tony Khan says that AEW’s new media rights deal has put AEW on the path to profit. Khan spoke on Friday’s AEW Worlds End media call and talked about the new media rights deal that the company signed with WBD in October. You can see highlights below, per Fightful : On the new deal: “It’s a great situation for AEW. We’re getting a new media rights agreement that is huge for us, for many reasons. It’s a massive opportunity for AEW to be able to simulcast our shows and reach new viewers through the streaming service Max. It’s a huge opportunity for us and the deal was very favorable for AEW. We were able to get the rights fees that are many times larger than what we had in our first five years. It completely changes the financial picture of AEW and it’s the big target we have aspired to for many years. Part of that agreement is we would focus on these four hours [of AEW Dynamite and AEW Collision]. ” On the deal allowing them to restructure their calendar: “It is, in many ways, a reimagination of the calendar, but it’s also going to be great for the company. It allows us to really focus on Dynamite and Collision and put more resources into those shows and grow the company,” he said. “By getting right fees that are multiple times higher than we initially had, we put the company on the path to profitability and that’s really important. The company is going to be one of the most successful wrestling companies of all time, on the bottom line, and we’ve grown the business. We developed it and gone through the startup phase, and we had a great media rights deal for many years, and then we built, built and invested and invested in the company, invested in talent, invested in TV, invested in technology infrastructure, international growth, all with this year in mind. Now, we’re just days away from the thing that we all targeted. When I said the TV deal was in the red zone, that it was on the goal line. All those things proved to be true, and we put together this huge media rights deal that now we can make this a very profitable business for many years to come.”Algert Global LLC lowered its holdings in American Eagle Outfitters, Inc. ( NYSE:AEO – Free Report ) by 42.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,850 shares of the apparel retailer’s stock after selling 23,316 shares during the quarter. Algert Global LLC’s holdings in American Eagle Outfitters were worth $713,000 at the end of the most recent reporting period. Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC raised its stake in American Eagle Outfitters by 417.2% in the second quarter. SG Americas Securities LLC now owns 175,576 shares of the apparel retailer’s stock worth $3,504,000 after buying an additional 141,628 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of American Eagle Outfitters in the 3rd quarter valued at $3,731,000. Victory Capital Management Inc. raised its position in shares of American Eagle Outfitters by 165.4% in the 2nd quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock worth $62,034,000 after acquiring an additional 1,936,938 shares in the last quarter. Dupree Financial Group LLC purchased a new stake in shares of American Eagle Outfitters during the 3rd quarter worth $3,146,000. Finally, Renaissance Technologies LLC bought a new stake in American Eagle Outfitters during the second quarter valued at about $16,861,000. Hedge funds and other institutional investors own 97.33% of the company’s stock. American Eagle Outfitters Price Performance Shares of AEO opened at $19.25 on Friday. The firm has a market capitalization of $3.70 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52. The company’s fifty day moving average price is $19.81 and its 200-day moving average price is $20.64. American Eagle Outfitters, Inc. has a 1-year low of $16.88 and a 1-year high of $26.44. American Eagle Outfitters Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Friday, October 11th were issued a $0.125 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.50 annualized dividend and a yield of 2.60%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 40.00%. Wall Street Analysts Forecast Growth A number of equities analysts have commented on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 target price on shares of American Eagle Outfitters in a report on Wednesday. Jefferies Financial Group reduced their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Tuesday, November 12th. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Barclays reduced their price target on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Finally, UBS Group lowered their price objective on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $25.00. View Our Latest Analysis on AEO Insider Buying and Selling at American Eagle Outfitters In related news, Director Cary D. Mcmillan sold 2,283 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total transaction of $49,061.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, CEO Jay L. Schottenstein sold 999,999 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the completion of the sale, the chief executive officer now directly owns 1,771,851 shares in the company, valued at approximately $35,507,894.04. The trade was a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last ninety days, insiders sold 1,050,702 shares of company stock worth $21,148,718. Company insiders own 7.30% of the company’s stock. American Eagle Outfitters Profile ( Free Report ) American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands. See Also Want to see what other hedge funds are holding AEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Eagle Outfitters, Inc. ( NYSE:AEO – Free Report ). 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The U.S. is by far Superior Glove Work’s biggest market, with 70 per cent of the work and safety gloves it makes destined for south of the border. Carlos Osorio/The Globe and Mail Weeks before his return to the White House, Donald Trump is already sending shockwaves through the Canadian business community. The U.S. president-elect promised this week to impose 25-per-cent tariffs on imports from Canada and Mexico over border security concerns – a plan that many executives and economists are skeptical will become reality. Even so, companies are preparing for a tumultuous four years under Mr. Trump , given the trade skirmishes that defined his first term in office. Small and mid-sized manufacturers are especially vulnerable to steep tariffs because many of them have become tightly integrated with the U.S. market over three decades of free trade. The Globe and Mail spoke with five executives about how they’re strategizing for Trump 2.0. Superior Glove has spent the past year building its first American manufacturing facility in North Carolina. Gloves produced in that facility can bypass any potential tariffs and sell directly into the U.S. market. Carlos Osorio/The Globe and Mail Superior Glove Works When Tony Geng first heard Mr. Trump’s tariff plan, the owner of Superior Glove Works Ltd. flashed back to 2017 and the early days of the first Trump administration. Back then, during the renegotiation of the North American free-trade agreement into what is now known as the U.S.-Mexico-Canada Agreement, the Americans wanted the removal of certain provisions related to textiles and apparel. “In the end, what was needed was kept in, but not before a whole lot of worrying and sleepless nights while those negotiations were going on,” Mr. Geng said in an interview. “This new announcement has a very similar taste to what happened back then and it brings back the same worries until it is settled.” Acton, Ont.-based Superior Glove has three production facilities in Canada – one at its headquarters and two in Newfoundland – that collectively employ about 450 people. The U.S. is by far the company’s biggest market, with 70 per cent of the work and safety gloves it makes destined for south of the border. “Being a Canadian company, we want to make as much as we possibly can in Canada, even if it costs us, say, 15- or 20-per-cent more to provide in Canada, but add a 25-per-cent tariff and it is going to become pretty hard to do anything in Canada,” Mr. Geng said. One key difference between 2017 and today is that Superior Glove has spent the past year building its first American manufacturing facility in North Carolina. Gloves produced in that facility, with operations set to begin in the spring of 2025, can bypass any potential tariffs and sell directly into the U.S. market. “We thought we should do something to mitigate the protectionist threat,” Mr. Geng said, “but when we started that plan, it was just out of the recognition that the U.S. is our biggest market so we really should have some manufacturing presence there.” However, the plan for the U.S. facility was to produce new products while existing products continued to come from Canada and two other plants Superior owns in Honduras. The North Carolina facility was never intended to replace any Canadian production and Mr. Geng said Superior Glove would not be able to shift enough production there to offset the impact of any potential tariffs. Acton, Ont.-based Superior Glove has three production facilities in Canada – one at its headquarters and two in Newfoundland – that collectively employ about 450 people. Carlos Osorio/The Globe and Mail “In hindsight I am extra glad we started this plan over a year ago so we aren’t totally behind the eight-ball, though it really does seem like the end result of this, if it were to happen, is to drive business to China rather than more business and manufacturing jobs to the States,” he said. China already produces the vast majority of the world’s gloves and Mr. Geng said producers there would be best positioned to absorb the cost of any tariffs because of their low cost of labour and materials. That would be an ironic outcome given China is the primary target of Mr. Trump’s tariff plans. Superior also buys most of its raw materials, such as cotton and polyester, from the U.S., but Mr. Geng said “if the gloves end up being made in China instead, the Chinese aren’t going to buy cotton from the States or polyester from the States. It would just be an even bigger net loss for the United States, so these tariffs just really don’t seem like a great plan.” -Jameson Berkow Kacee Vasudeva, owner of auto parts plant Ultra-Form Manufacturing Ltd., is negotiating a $2-million sale to a U.S. customer. Christopher Katsarov/The Globe and Mail Ultra-Form Manufacturing From his low-slung factory in the northwest corner of Toronto, Kacee Vasudeva competes with auto-parts makers in Mexico, China and Europe. The Trump tariff would make this a lot harder. Mr. Vasudeva’s company, Ultra-Form Manufacturing, turns chunks of steel and aluminum into fittings and components used in a car’s fluid systems – brake, cooling and power train. Three-quarters of the products are shipped eight times a week to parts makers in the U.S. and Mexico, where they are added to other components and sold to car makers for final assembly. Even the goods he sends to Canadian companies wind up crossing North American borders one way or another and would be hit by Mr. Trump’s promised 25-per-cent tariff. Mr. Vasudeva, who employs 45 people – most of them highly skilled machinists – is negotiating a $2-million sale to a U.S. customer. He fears the deal will be lost if Mr. Trump imposes the levy. “If he puts it on, we may not be competitive. We may lose the U.S. customer,” Mr. Vasudeva said. Mr. Trump’s promised tariffs on Canadian and Mexican imports ignited fears of economic devastation in much of Canada, which depends on the U.S. for 75 per cent of its exports. Makers of auto parts and vehicles in Canada employ about 125,000 people and exported $102-billion of products in 2023. Most of this went to the U.S. while $1.9-billion in goods were sent to Mexico, another major supplier to the U.S. Three-quarters of Ultra-Form Manufacturing's products are shipped eight times a week to parts makers in the U.S. and Mexico. Christopher Katsarov/The Globe and Mail Like other auto parts, the fittings turned out by Ultra-Form cross the U.S. and Mexican borders a few times before being becoming part of a finished vehicle. It’s this integrated nature of car-making that underpins the trade agreement upon which North America has relied for mostly tariff-free commerce. This interdependence has allowed companies in all three countries to invest in technology and compete for a piece of the massive U.S. market, which saw 15.5 million new vehicles sold in 2023. That’s why, for Mr. Vasudeva, the threat of a U.S. tariff is a betrayal. “We are like two brothers here,” he said. “We are not different. We pay the same wages. We have the same rules and laws. We have to be fair. Why we are being punished? If they have to punish [a trade partner], they should punish Mexico and China.” - Eric Atkins Arctic Snowplows Jim Estill is clear on what Canadian policymakers should do if the U.S. enacts steep tariffs: retaliate. Earlier this year, Mr. Estill acquired Arctic Snowplows, a London, Ont.-based manufacturer of heavy equipment for snow clearance, which has been in operation for 55 years. A “considerable amount” of their product is shipped to the U.S., he said, so any new duties would hurt their competitiveness in that market. If Mr. Trump followed through on the tariffs, Arctic Snowplows would refocus its sales efforts on Canada and not spend any marketing dollars in the U.S., Mr. Estill said. It’s possible the company could offset the loss of U.S. revenue with more business in Canada, he added. But this glass-half-full perspective hinges on whether Canada would respond to U.S. tariffs with its own, hampering the Canadian sales of Arctic’s American competitors. Mr. Estill has spoken with members of Parliament about taking this retaliatory approach, should the situation escalate. “None of this is good for consumers, because the lowest cost is the way it is right now,” he said. Mr. Estill is already familiar with the chaotic policy environment under Mr. Trump. He’s also the owner and CEO of Danby, which sells and manufactures appliances in Canada and the U.S. Under Mr. Trump’s watch, the U.S. brought in new tariffs on washing machines in 2018 to support the domestic industry. But like many of their competitors in the U.S. market, Danby imported their machines from overseas which meant they were subject to tariffs. Those added costs were passed on to consumers, Mr. Estill said. “If everybody has the same tax, then it’s kind of a level playing field, and nothing much changes except prices to consumers,” he said. Mr. Estill said the uncertain policy landscape makes it difficult for business owners to invest in their operations, which can ripple through the economy. “If I don’t put an addition on my plant, then the roofer doesn’t get paid, and then the roofer doesn’t go to the restaurant and spend their money, and then the waitress can’t go buy a bar fridge,” he said, referencing a Danby product. “That’s what the economy is, right?” -Matt Lundy AceTronic Industrial Controls Recessions, trade wars and a financial crisis – Kim Thiara has seen it all. Ms. Thiara is the owner of AceTronic Industrial Controls Inc., a 41-year-old Mississauga-based company that makes machinery and parts for manufacturers of plastic goods. Her customers make food packaging, car interiors and components, medical equipment and other products, most of which are exported to the U.S. AceTronic’s sales – and those of its customers – would be affected by Mr. Trump’s promise to tax Canadian and Mexican imports at 25 per cent. This would drive up costs to U.S. manufacturers and consumers and make Canadian goods less competitive with those from such low-wage regions as Asia. But ask Ms. Thiara about the prospect of the new tariff and she is sanguine. With fresh memories of Mr. Trump’s steel and aluminum tariffs, which were imposed during his first term, she expected another round of protectionism if he was elected. But she is optimistic the levy will not be as high as 25 per cent. “This isn’t our first storm. And this, too, shall pass,” Ms. Thiara said. “I think he’s just kind of saying that now, and just preparing us for what may be coming down the road.” She also doubts the U.S. will turn its back on a long-standing trade relationship in which the world’s largest economy benefits from a next-door partner that boasts rich resources and deep industrial knowledge. AceTronic brought back parts of its manufacturing processes from Asia during the pandemic, part of a trend known as “nearshoring” that allows it to better control its operations even if some costs rise. Her U.S. trading partners have also done this – one calls it “friendshoring” – and show they value a culturally similar neighbour who is a trusted supplier. “A lot of my customers this week were talking about the resources that Canada has to offer, the cobalt, the lithium, even hydro,” Ms. Thiara said. These resources include the southern Ontario automotive plastics sector in which AceTronic operates, she said. “Trump is a businessman at the end of the day,” she said, “and I can’t see him disregarding that resource.” -Eric Atkins Brink Group of Companies After 50 years in the softwood lumber business, this is one of the worst-case scenarios that John Brink has ever seen. “I’ve dealt with everything from recessions through inflation to duties and all that combined at times, but we survived it all. Now we’ve got a whole combination of all the above,” he said. Mr. Brink founded his lumber company in 1975 and now holds the title of CEO for the expanded Brink Group of Companies, which focuses on lumber, real estate, warehousing and media. The northern B.C.-based group employs around 400 people and exports more than 90 per cent of its product, mainly lumber, to the U.S. If Mr. Trump implements a 25-per-cent tariff on all imports from Canada, Mr. Brink said the impact to the industry would be devastating. Already, many Canadian softwood lumber companies are being forced to pay a 14.4-per-cent duty on imports to the U.S. and with this tariff, he expects many of them could be put out of business. “There’s no question about that,” he said. With additional tariffs, Mr. Brink predicts the cost of two-by-fours would soar, driving up U.S. home prices. While some industries have reacted to Mr. Trump’s tariff promise with skepticism, Mr. Brink said he’s not taking it lightly. “If it is a comment and a commitment that has been made by the president-elect and his name is Trump, we can take it seriously,” he said. However, he’s not worried about his own company’s survival. After 50 years in business, he said he has learned to keep a tight budget and an eye on the markets. But the inflation that would follow such a steep tariff, he said, is the most troubling part. “The customers will pay,” he said. -Pippa NormanWASHINGTON -- President Joe Biden said Sunday that the sudden collapse of the Syrian government under Bashar Assad is a "fundamental act of justice" after decades of repression, but it was "a moment of risk and uncertainty" for the Mideast. Biden spoke at the White House hours after after rebel groups completed a takeover of the country after more than a dozen years of violent civil war and decades of leadership by Assad and his family. Biden said the United States was unsure of Assad's whereabouts, but was monitoring reports he was seeking refuge in Moscow. The outgoing Biden administration and President-elect Donald Trump were working to make sense of new threats and opportunities across the Middle East. Biden credited action by the U.S. and its allies for weakening Syria's backers - Russia, Iran and Hezbollah. He said "for the first time" that they could no longer defend Assad's grip on power. "Our approach has shifted the balance of power in the Middle East," Biden said, after a meeting with his national security team at the White House. Trump said Sunday that Assad had fled his country, which his family had ruled for decades, because close ally Vladimir Putin, the Russian president, "was not interested in protecting him any longer." Those comments on Trump's social media platform came a day after he used another post to decry the possibility of the U.S. intervening militarily in Syria to aid the rebels, declaring, "THIS IS NOT OUR FIGHT." The Biden administration had no intention of intervening, according to President Joe Biden's national security adviser. The U.S has about 900 troops in Syria, including forces working with Kurdish allies in the opposition-held northeast to prevent any resurgence of the Islamic State group. Biden said he intended those for troops to remain, adding that U.S. forces on Sunday conducted "dozens" of what he called "precision air strikes" on Islamic State camps and operations in Syria. The Syrian opposition that brought down Assad is led by Hayat Tahrir al-Sham. The Biden administration has designated the group as a terrorist organization and says it has links to al-Qaida, although Hayat Tahrir al-Sham says it has since broken ties with al-Qaida. "We will remain vigilant," Biden said. "Make no mistake, some of the rebel groups that took down Assad have their own grim record of terrorism and human rights abuses." He added that the groups are "saying the right things now." "But as they take on greater responsibility, we will assess not just their words, but their actions," Biden said. Assad's fall adds to an already tense situation throughout much of region on many fronts, including Israel's war with Hamas in Gaza and its fragile cease-fire with Hezbollah in Lebanon. Trump, who takes office Jan. 20, 2025, made a connection between the upheaval in Syria and Russia's war in Ukraine, noting that Assad's allies in Moscow, as well as in Iran, the main sponsor of Hamas and Hezbollah, "are in a weakened state right now." Vice President-elect JD Vance, a veteran of the U.S.-led war in Iraq, wrote on own social media Sunday to express skepticism about the insurgents. "Many of 'the rebels' are a literal offshoot of ISIS. One can hope they've moderated. Time will tell," he said, using another acronym for the group. Trump has suggested that Assad's ouster can advance the prospects for an end to fighting in Ukraine, which was invaded by Russia in February 2022. Trump wrote that Putin's government "lost all interest in Syria because of Ukraine" and the Republican called for an immediate cease-fire, a day after meeting in Paris with the French and Ukrainian leaders. Daniel B. Shapiro, a deputy assistant secretary of defense for the Middle East, said the American military presence will continue in eastern Syria but was "solely to ensure the enduring defeat of ISIS and has nothing to do with other aspects of this conflict." "We call on all parties in Syria to protect civilians, particularly those from Syria's minority communities to respect international military norms and to work to achieve a resolution to include the political settlement," Shapiro said. "Multiple actors in this conflict have a terrible track record to include Assad's horrific crimes, Russia's indiscriminate aerial bomb bombardment, Iranian-back militia involvement and the atrocities of ISIS," he added. Shapiro, however, was careful not to directly say Assad had been deposed by the insurgents. "If confirmed, no one should shed any tears over the Assad regime," he said. As they pushed toward the Syrian capital of Damascus, the opposition freed political detainees from government prisons. The family of missing U.S. journalist Austin Tice renewed calls to find him. "To everyone in Syria that hears this, please remind people that we're waiting for Austin," Tice's mother, Debra, said in comments that hostage advocacy groups spread on social media. "We know that when he comes out, he's going to be fairly dazed & he's going to need lots of care & direction. Direct him to his family please!" Tice disappeared in 2012 outside Damascus, amid intensification of what became a civil war stretching more than a decade. We've remained committed to returning him to his family," Biden said at the White House. "We believe he's alive, we think we can get him back but we have no direct evidence to that yet. And Assad should be held accountable." The president added: "We have to identify where he is." ___ Associated Press writer Jon Gambrell in Manama, Bahrain, and AP White House Correspondent Zeke Miller contributed to this report.