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The Philadelphia Eagles ruled wide receiver DeVonta Smith out for Sunday night's game at the Los Angeles Rams due to a hamstring injury. Smith did not practice all week and will miss his second game of the season and just the third of his four-year NFL career. He was inactive in a Week 4 loss at Tampa Bay due to a concussion. Smith, 26, leads the Eagles with 41 receptions and four touchdown catches ands ranks second with 516 receiving yards in nine starts this season. The former Heisman Trophy winner has 281 catches for 3,694 yards and 23 scores in 59 games (58 starts) since the Eagles drafted him with the 10th overall pick in 2021. NFC East-leading Philadelphia (8-2) takes a six-game winning streak to Los Angeles (5-5), which has won four of its last five games. --Field Level MediaVardy helps Van Nistelrooy to first win with Leicester as Guehi defies the FA with religious messageLetters to the Editor | December 27, 2024
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Britney Spears Shares She Moved to MexicoElon Musk's battle over his Tesla pay is entering a new phase. A Delaware judge ruled on Monday that to pass Elon Musk's $55 billion compensation package. Tesla called the decision "wrong" and it would appeal. "This ruling, if not overturned, means that judges and plaintiffs' lawyers run Delaware companies rather than their rightful owners — the shareholders," Tesla wrote in a post on X. So what happens next? If files an appeal, Delaware's Supreme Court will review the decision of Delaware Chancery Court Judge , who maintained her earlier ruling that struck down the pay package on the grounds that Musk could have influenced Tesla's board members, to whom he had close ties. Mathieu Shapiro, Obermayer's managing partner and a member of its litigation department, told Business Insider that appeals processes often take a year or longer. Shapiro, who focuses on business and commercial litigation, said the case will ultimately have to balance Delaware's freedom for companies to self-govern with concerns about excessive payouts and Musk's status as one of the most successful businessmen. While appeals are generally difficult to win, Shapiro said Musk's case is "novel" and contains unpredictable elements. One issue that may come up is whether Musk influenced the negotiations over his Tesla pay package, as the trial judge suggested in her initial ruling, he said. "Little law addresses executive compensation, let alone what seems to be the largest-ever compensation deal at a US public company," Shapiro said. Given that Musk's pay package was set to be the for a CEO, there aren't many cases to turn to for direct precedent. Anat Alon-Beck, a business law professor at Case Western Reserve University, told BI that one case that stands out is the 2015 Delaware Chancery Court decision ruling against Mark Zuckerberg's attempt to ratify board actions related to Facebook's 2010 acquisition of Instagram. Alon-Beck, who used to work as a merger and acquisition attorney for tech companies and also specializes in Delaware deal law, said Zuckerberg didn't follow the proper procedural requirements mandated by state law. The case demonstrates that even controlling shareholders need to comply with the legal procedures for ratifying board decisions, he added. "When you know Delaware law, you know that stuff like that is just not going to fly," Alon-Beck said. Columbia law professor Dorothy Lund used to clerk for a Delaware Supreme Court justice and US Court of Appeals judge. She told BI that Delaware is also "in a weird spot" because Tesla reincorporated from Delaware to Texas in June, and Musk has repeatedly spoken out about Delaware courts (he called the ruling "absolute corruption" on Monday). While these decisions aren't supposed to be influenced by concerns around public perception, Lund said Musk's behavior hasn't been the most strategic. "Delaware now has to worry about looking like, well, if we reverse, do we just look like we got cowed by Elon Musk?" Lund said. Reintroducing the pay package in Texas Prior to the shareholder vote, Tesla board chair Robyn Denholm said in June that the board had considered introducing a new pay plan if the shareholder vote didn't pass — an option she said would cost shareholders. If Tesla created a new plan with the same stock grants, it would cost tens of billions in stock-based compensation today. That's because the compensation tied to the original package was worth an estimated $2.3 billion in stock, and it's already been paid out. Alon-Beck told BI that a new compensation package in Texas would make the most sense. "I would do a new vote in Texas, under Texas law, and I would authorize a new compensation package," Alon-Beck said, adding that the old package wouldn't be able to be authorized because of a conflict of laws. Shapiro said he thinks it would be "very difficult" to draft the same package in Texas, noting that the original plan goes back to 2018 and was based on specific targets as well as Tesla's stock price in 2018. Shapiro said Musk's decision to appeal or reintroduce the package in Texas depends on multiple factors — and underlying motivations. While it may be all about the money, the case may also signify more about public companies in the US and the way in which shareholders and courts can interfere with management's plans. "Or is it about his public persona and his reputation and how those things are understood in future business dealings," Shapiro said. "If he were my client, I would have a discussion about all of those things before deciding what path forward was best for him." Read the original article on
ESAB Co. ( NYSE:ESAB – Get Free Report ) announced a quarterly dividend on Tuesday, December 17th, Wall Street Journal reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.08 per share on Friday, January 17th. This represents a $0.32 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Tuesday, December 31st. ESAB has a dividend payout ratio of 5.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ESAB to earn $5.38 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 5.9%. ESAB Trading Down 1.1 % Shares of ESAB stock opened at $121.41 on Friday. ESAB has a 1-year low of $82.44 and a 1-year high of $135.97. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.92 and a quick ratio of 1.25. The stock has a market cap of $7.34 billion, a P/E ratio of 28.43, a P/E/G ratio of 2.25 and a beta of 1.34. The stock’s 50 day simple moving average is $124.99 and its 200-day simple moving average is $108.49. Insider Activity In other news, Director Rhonda L. Jordan sold 4,254 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $125.03, for a total value of $531,877.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink . Also, CEO Shyam Kambeyanda sold 59,120 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $122.96, for a total transaction of $7,269,395.20. Following the sale, the chief executive officer now directly owns 53,902 shares in the company, valued at approximately $6,627,789.92. The trade was a 52.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last ninety days, insiders sold 68,418 shares of company stock valued at $8,431,773. 7.00% of the stock is currently owned by corporate insiders. Wall Street Analysts Forecast Growth ESAB has been the topic of several recent analyst reports. Evercore ISI lowered shares of ESAB from an “in-line” rating to an “underperform” rating and boosted their target price for the company from $102.00 to $122.00 in a report on Wednesday, November 13th. JPMorgan Chase & Co. increased their price objective on ESAB from $120.00 to $128.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Jefferies Financial Group assumed coverage on ESAB in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 target price for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $144.00 price target (up previously from $138.00) on shares of ESAB in a research note on Friday, November 8th. Finally, Loop Capital raised their price objective on ESAB from $105.00 to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $133.43. View Our Latest Stock Report on ESAB ESAB Company Profile ( Get Free Report ) ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, automated welding, and gas control equipment. Its comprehensive range of welding consumables includes electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables comprising electrodes, nozzles, shields, and tips. Featured Articles Receive News & Ratings for ESAB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ESAB and related companies with MarketBeat.com's FREE daily email newsletter .
Coterra Energy Inc. stock underperforms Tuesday when compared to competitors despite daily gains
Vardy helps Van Nistelrooy to first win with Leicester as Guehi defies the FA with religious messageIn the busy streets of Metro Manila, Lanie Amburlac, a beneficiary of the Department of Social Welfare and Development’s (DSWD) Pag-Abot program, experienced hardship and isolation. Growing up far from her siblings and relatives due to the separation of her parents, Lanie faced challenges early in life. As a person with hearing impairment, her speech and communication were affected, making it even harder for her to connect with other people. In 2023, Lanie was one of the fortunate individuals rescued by the DSWD’s Pag-Abot Program —an initiative that reaches out to children, families, and individuals from street situations and provides them with a package of social protection services corresponding to their needs. Lanie, along with her 4-year old daughter, was found living on the streets of Marikina City. Despite her circumstances, Lanie’s life took a positive turn when she was reached out and brought to the Haven for Women in Alabang, Muntinlupa City. The Haven for Women is a 24-hour residential care facility of the DSWD which provides temporary shelter, care, and protection to women aged 18-59, who are victim-survivors of gender-based violence that are in need of protective service, as well as other interventions that will promote healing and recovery. Angelica Ognilla, Lanie’s sister, said they diligently looked for her and for Lanie’s partner during the time that they went missing. “Hinahanap po namin siya kasi nga hindi na siya nagpapakita. Pati po ang kinakasama nya ay hinahanap din ng mister ko kasi yung asawa ko lang ang nakaaalam kung saan siya laging pumupunta,” Angelica narrated during an interview with the DSWD’s award-winning online documentary, Mga Kwento ng Pag-Asa at Pagbabago or #KPAP. Lanie’s stay at the Haven for Women was meant to be temporary, as the program typically provides shelter for up to six months. However, due to the difficulty in locating her family, she ended up staying at the facility for over a year. “Katulad din po ng ibang residente na nire-refer ng Pag-Abot, syempre iyak nang iyak kasi ayaw nilang mag-stay rito. Sila Lanie po noong una ay madalas nagwawala, galit na galit, may mga concern po with other residents, may mga pagtatalo. Pero, so far, ay naging okay naman po ang sitwasyon ni Lanie lalo na po pag napapaintindi sa kanya na hinahanap natin ang pamilya niya kung saan sya uuwi,” Haven for Women Social Welfare Officer Amza Rose Estigo also told #KPAP in an interview about Lanie. The social welfare officer said they experienced challenges in finding Lanie’s family for the reason that Lanie has difficulty communicating her thoughts. “Since si Lanie po ay hindi nakapagsasalita, hinanap po namin ang kanyang kamag-anak through social media. Naging basehan po natin yung kanyang last name which is yung Amburlac po. Naghanap po tayo sa Facebook, pinakita namin sa kanya, hanggang may isa siyang nakita na ate nya. Pagkakita namin sa kanya, umiyak sya nang umiyak. Naconfirm namin hanggang nag-reach out kami. Ayun nga po, kamag-anak nya at matagal na rin syang hinahanap,” Social Welfare Officer Estigo said. “Nagrequest po agad kami ng Family Capability Assessment (FCA) sa Antipolo City dahil nalaman po namin na taga Antipolo siya. Nagpapasalamat po kami na nagpositive po sya. Ibig sabihin po ay capable yung family na tanggapin sya at yung willingness ng family na i-accommodate sya ay nandoon,” the social welfare officer added. After over a year in the facility, Lanie was finally reunited with her family. Her sister and sister-in-law came to fetch her from the Haven for Women on December 6, just in time for the Christmas season. The DSWD provided financial assistance to help her reintegrate into the community. With an initial Php10,000 financial support from the agency, Lanie and her family were able to start anew. As of December 20, there are 3,880 individuals like Lanie who have been assisted by the Pag-Abot Program, helping them return to their communities and begin the process of rebuilding their lives. The #KPAP bagged the Public Service Campaign – National Level Award in the first-ever ‘Parangal: Gawad ng Kahusayan sa Komunikasyong Pampubliko’ sponsored by the Presidential Communications Office (PCO) and held this December. The #KPAP is a joint production of the Traditional Media Service (TMS) and the Digital Media Service (DMS) under the Strategic Communications Group. It is hosted by TMS Director Aldrine Fermin.
Vardy helps Van Nistelrooy to first win with Leicester as Guehi defies the FA with religious message
NewtekOne, Inc. ( NASDAQ:NEWT – Get Free Report ) announced a quarterly dividend on Friday, December 13th, Wall Street Journal reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.19 per share by the business services provider on Monday, January 13th. This represents a $0.76 annualized dividend and a yield of 5.84%. The ex-dividend date is Tuesday, December 31st. NewtekOne has decreased its dividend by an average of 29.5% annually over the last three years. NewtekOne has a payout ratio of 35.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect NewtekOne to earn $2.12 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 35.8%. NewtekOne Stock Performance Shares of NEWT stock opened at $13.01 on Friday. The company has a market cap of $342.23 million, a P/E ratio of 7.27 and a beta of 1.30. The business has a 50 day moving average of $13.80 and a two-hundred day moving average of $13.08. NewtekOne has a 52 week low of $10.07 and a 52 week high of $15.49. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.98. Analyst Upgrades and Downgrades NEWT has been the topic of a number of analyst reports. B. Riley increased their price objective on shares of NewtekOne from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Piper Sandler raised their price target on shares of NewtekOne from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $15.00 price objective (up from $13.00) on shares of NewtekOne in a research report on Friday, November 8th. View Our Latest Stock Report on NewtekOne Insider Buying and Selling In related news, CEO Barry Sloane acquired 3,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average price of $12.95 per share, for a total transaction of $38,850.00. Following the completion of the purchase, the chief executive officer now directly owns 1,164,855 shares of the company’s stock, valued at $15,084,872.25. The trade was a 0.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website . Insiders purchased 8,750 shares of company stock valued at $119,568 over the last 90 days. 6.50% of the stock is currently owned by company insiders. About NewtekOne ( Get Free Report ) NewtekOne, Inc operates as the bank holding company for Newtek Bank, National Association that engages in the provision of various business and financial solutions under the Newtek brand name to the small- and medium-sized business market. The company accepts demand, savings, NOW, money market, and time deposits; and provides loans including SBA loans, commercial and industrial loans, and commercial real estate loans. Recommended Stories Receive News & Ratings for NewtekOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NewtekOne and related companies with MarketBeat.com's FREE daily email newsletter .Stocks jump on China hope, euro rebounds
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Carbeeza Inc. Announces Resignation of 2 Members of the Board
A big battery will plug into the solar corridor to the south of Canberra, with the profits to go to the taxpayer in a revenue-sharing first. Login or signup to continue reading Located next to existing powerlines and solar farms, construction has begun on Eku Energy's $400 million project that will bring 200 jobs for local tradies. The 250 megawatt/500 MW hour Williamsdale battery energy storage system located 35km south of Canberra will store enough renewable energy to power one-third of the capital for two hours during peak demand periods when it comes online in 2026. A critical energy asset for greater energy security and a bulwark against future price spikes, it is also a crucial step in the fight against climate change, according to ACT Chief Minister Andrew Barr. Importantly, a revenue-sharing deal means profits from the project will flow to the ACT and pay for more clean energy and other services for a growing population, he said in Williamsdale. "That is an important principle for our community, who want to see investment in renewable energy and battery storage not only supporting the effectiveness and reliability of our energy network but generating revenue." Recently re-elected and already the nation's longest-serving political leader, Mr Barr says the revenue-sharing model could be extended nationally as a good template for government procurement. Working with Evoenergy, Tesla Energy and the Australian Energy Market Operator, the Williamsdale battery will also be part of the NSW energy market and the broader east coast energy market. "The electrons flow in real time so what we would be replacing is the next most expensive form of generation when we dispatch," Eku Energy chief executive Daniel Burrows told AAP. It will provide additional supply when the market is tight, which should help lower wholesale prices and support making more clean energy available when it is required, he said. The battery will also provide more grid security by responding within milliseconds to demand and storing energy when it is abundant. "What we have in Australia is a prevalence of distributed energy - rooftop solar, large-scale wind and batteries - and a reasonably sophisticated grid," Mr Burrows said. "As we're doing business all around the world, other businesses, other governments, other industry players are looking to what happens here as to how we might manage the energy transition." Not a player in a nuclear energy future, he says Eku Energy focuses on projects that are "genuinely the most cost-effective and will stand the test of time". A $500 million community grants program set up by the company will be available to eligible local non-profit organisations for employment and education, social and environment initiatives. Another $500,000 will go to an Australian National University program that has been a testing ground for neighbourhood batteries and other technology. "Research funding in this area helps ensure we remain at the forefront of advancing technology for a clean energy future," Battery Storage and Grid Integration Program co-director Heather Logie says. Minister for Climate Change, Environment, Energy and Water Suzanne Orr donned high-vis gear to shovel dirt alongside Mr Barr in her first public engagement in her new portfolio. Simon Corbell, the architect of the ACT's clean energy transition as a Labor minister more than a decade ago, is one of her heroes, she told AAP. "Everyone has a different journey in coming to politics and mine has definitely been flavoured by the environmental movement," she said. Ms Orr, first elected in 2016, replaced former energy and emissions reduction minister Greens Leader Shane Rattenbury in the new government that has taken power without the ACT Greens as a partner. Canberra has already achieved a nation-leading 100 per cent renewable electricity supply and the ACT is aiming for net-zero emissions by 2045. The territory is phasing out household gas, with support for households to buy new appliances, electric vehicles, solar panels and batteries. But Ms Orr said the next stage of the transition will be more than "care and maintenance" of what has already been achieved. "I don't think anyone wants to rest on their laurels," she said. The Big Canberra Battery project that Mr Barr began as climate action minister will include the large-scale system in Williamsdale and neighbourhood-scale batteries at nine government sites. Australian Associated Press DAILY Today's top stories curated by our news team. Also includes evening update. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. 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AS IT HAPPENS Be the first to know when news breaks. DAILY Your digital replica of Today's Paper. Ready to read from 5am! DAILY Test your skills with interactive crosswords, sudoku & trivia. Fresh daily!Kohl's Announces CEO Transition Process
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Feminist clarity begins at home