The Chicago region’s largest residential broker is joining forces with the nation’s largest. New York-based Compass said Monday that it is acquiring Chicago-based @properties and Christie’s International Real Estate. Founded in 2000, @properties is the eighth largest residential brokerage in the U.S. by sales volume, and its logo is a common sight across Chicagoland and surrounding states. @properties acquired Christie’s International Real Estate, a global network of more than 100 independently owned affiliates in about 50 countries, in 2021. “Compass shares our commitment to enhance the real estate industry through technology, marketing, and exceptional service and to embrace the local, independent broker through the Christie’s International Real Estate and @properties brands,” @properties co-CEO and founder Thad Wong said in a statement. “It’s clear we are acquiring one of the best businesses in our industry,” Compass founder and CEO Robert Reffkin said in a Monday call with investors. The $444 million acquisition comes at a time of great change in how buyers acquire new homes. The Chicago-based National Association of Realtors and real estate brokerages nationwide agreed early this year to settle massive class-action antitrust lawsuits filed by home sellers who argued they were forced to pay inflated commissions paid to real estate brokers. The NAR agreed to pay out $418 million, and make commissions more transparent, requiring potential homebuyers to sign written agreements stating how their agents will be paid. The acquisition of @properties is expected to close in early 2025, according to an @properties spokesperson. Christie’s International Real Estate and @properties will operate as separate business units for the foreseeable future under their own distinct brands with Wong and co-CEO Mike Golden controlling day-to-day operations.
NoneNone
SWORDS, Ireland--(BUSINESS WIRE)--Nov 27, 2024-- Trane Technologies (NYSE:TT), a global climate innovator, has been recognized in TIME’s inaugural ranking of the World’s Best Companies for Sustainable Growth . Developed in collaboration with market research company Statista, the list highlights companies that excel in sustainable growth and financial stability while minimizing their environmental footprint. "Being named to the inaugural list of the World’s Best Companies for Sustainable Growth is a tremendous honor,” said Dave Regnery, Chair and CEO of Trane Technologies. "We are proud to foster a culture that prioritizes innovation for customers, value for shareholders, and the well-being of our employees and the environment. This recognition from TIME underscores our unwavering commitment to carrying out our purpose of boldly challenging what’s possible for a sustainable world." Trane Technologies has a proven track record of leading financial performance while delivering on its bold sustainability commitments. Through leading innovation, strong customer focus and a talented team, Trane Technologies consistently delivers strong performance over time, with 2023 marking the third year of adjusted earnings per share (EPS) growth of 20% or more and continued strong growth to date in 2024. In the company’s most recent quarterly earnings report , Trane Technologies raised full-year revenue and adjusted EPS guidance for 2024. In September, Trane Technologies became the first in its industry to commit to reducing embodied carbon by 40% . This commitment involves partnering with suppliers of materials such as steel, aluminum, copper, and refrigerants, while incorporating circular design criteria into product development. Buildings account for 40% of global carbon emissions, making the reduction of embodied carbon—greenhouse gas emissions associated with a product's lifecycle—crucial for lowering their overall carbon footprint. This commitment builds on the company’s 2030 Sustainability Commitments , which includes the Gigaton Challenge , a pledge to reduce customer greenhouse gas emissions by 1 billion metric tons (one gigaton) and a pledge to achieve carbon neutral operations. Trane Technologies has also pledged to be net-zero by 2050, and its near and long-term emissions reduction targets have been externally validated by the Science Based Targets Initiative (SBTi) . About Trane Technologies Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation. Visit tranetechnologies.com . This news release includes “forward-looking statements” within the meaning of securities laws, which are statements that are not historical facts, including statements that relate to our financial and operating performance, sustainability commitments and the impact of these commitments. These forward-looking statements are based on our current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from our current expectations. Factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2023, as well as our subsequent reports on Form 10-Q and other SEC filings. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. We assume no obligation to update these forward-looking statements. View source version on businesswire.com : https://www.businesswire.com/news/home/20241127553597/en/ CONTACT: Media Contact: Travis Bullard +1-919-802-2593 Media@tranetechnologies.comInvestors Contact: Zachary Nagle +1-704-990-3913 InvestorRelations@tranetechnologies.com KEYWORD: NORTH CAROLINA EUROPE IRELAND UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: OTHER CONSUMER GREEN TECHNOLOGY HOME GOODS MANUFACTURING ENVIRONMENT RETAIL SUSTAINABILITY BUILDING SYSTEMS ENVIRONMENTAL HEALTH CONSUMER CONSTRUCTION & PROPERTY UTILITIES ENERGY OTHER RETAIL OTHER MANUFACTURING HVAC MACHINERY SPECIALTY SOURCE: Trane Technologies Copyright Business Wire 2024. PUB: 11/27/2024 04:15 PM/DISC: 11/27/2024 04:17 PM http://www.businesswire.com/news/home/20241127553597/en
Is Enron back? If it’s a joke, some former employees aren’t laughing
AutoZone Inc. stock underperforms Thursday when compared to competitors despite daily gainsPetVivo to Exhibit Spryng with OsteoCushionTM Technology at the American Association of Equine Practitioners Convention on December 8-10, 2024Warriors rule out Curry vs. OKC with knee pain
India’s founding document sparked a social revolutionJannik Sinner leads Italy back to the Davis Cup semifinals and a rematch against Australia
PITTSBURGH , Dec. 5, 2024 /PRNewswire/ - RoadBlock Solutions, a division of RSG International, a leading Canadian company in road safety infrastructure, is officially expanding. Effective immediately, the merger of Corbin Highway Products, Laura-Metaal, Dimensional Products Inc., Summit Rentals US, and Pivot Safety US will unite their collective expertise, cutting-edge technology, and extensive resources. This strategic merger positions RoadBlock Solutions as a major player in the road safety sector, ready to offer innovative and comprehensive solutions. Ryan Samek , Senior Vice-President of RoadBlock Solutions, brings over two decades of road safety experience to the role. He is supported by a team of industry veterans, including Gary Lallo , Roger Spencer , Tony Cappella, Shannon Carroll , and Alex Wolfinger , ensuring a wealth of expertise drives the company's success. "The merger of these five companies represents a major milestone in our organization," said Ryan Samek . Solutions. "By combining our talented and experienced team, we aim to set new standards in the road safety space and offer unmatched service and solutions to our clients. I am thrilled to stand beside this experienced group of industry professionals and am looking forward to what we can accomplish RoadBlock Solutions specializes in the sale and rental of road safety products essential for roadway safety. It's extensive range includes crash cushions, steel and concrete barrier, and other essential devices designed to protect road users and workers. "The merger has created a resourceful, solutions-based network dedicated to delivering top-tier safety, sales, rentals, and installation services," says Roger Spencer , Business Development Manager for RoadBlock Solutions and former Business Development Manager at Corbin Highway Products, with over two decades of industry experience. "This collaboration fuels innovation and value, ensuring safer roads for everyone." Together, this team brings decades of experience and is dedicated to enhancing services, expanding product offerings, and delivering advanced solutions for road safety infrastructure. "We're combining our strengths to innovate, protect, and pave the way for a safer and brighter future on every road," adds Tony Cappella, Business Development Manager at RoadBlock Solutions and former National Sales Manager for Hill and Smith. These words were echoed by the former General Manager of Dimensional Products Inc (DPI). "The merger of DPI will provide us with resources and knowledge from some of the best in the industry. Being part of the Roadblock team will allow us to grow and expand our business to new levels," added Luke Myers , Chesapeake branch manager Roadblock Solutions. RoadBlock Solutions is a customer-focused, solutions-driven company that not only connects clients with the products they need but also introduces them to cutting-edge innovations they never knew existed. About RoadBlock Solutions RoadBlock Solutions is a leading provider and distributor of road safety devices, offering both sales and rentals. As a division of RSG International, RoadBlock Solutions is committed to enhancing road safety through innovative and reliable solutions. About RSG International RSG International is a global leader in the road safety sector, creating advanced solutions for critical safety challenges. Its portfolio includes comprehensive services across road safety infrastructure, including construction, installation, product distribution, new product development, and auxiliary services. View original content to download multimedia: https://www.prnewswire.com/news-releases/introducing-roadblock-solutions-a-merger-of-five-road-safety-industry-leaders-302324362.html SOURCE RSG International
No. 21 Arizona State on the rise in Kenny Dillingham's second season as coach
SAN FRANCISCO , Nov. 26, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK ) today announced the appointment of Janesh Moorjani as the company's chief financial officer, effective December 16, 2024 . Moorjani brings over 20 years of experience in the technology industry, with deep expertise in driving growth and efficiency at scale. Most recently, Moorjani served as CFO and COO of Elastic NV (NYSE: ESTC ), the Search AI Company. Reporting to chief executive officer Andrew Anagnost , Moorjani will lead and oversee Autodesk's global finance organization. Moorjani will succeed interim chief financial officer Elizabeth "Betsy" Rafael, who will serve as an advisor to the company through the end of fiscal 2025 and will continue to serve on Autodesk's Board of Directors, resuming her status as an independent director following the transition period and end of her employment by the company. "We are excited to welcome such a high-caliber and seasoned CFO in Janesh," said Andrew Anagnost , president and CEO of Autodesk. "His deep finance and software experience will be instrumental in supporting Autodesk's continued momentum with sustained growth and enhanced profitability. I look forward to partnering with Janesh to drive Autodesk's successful path forward and continue creating additional value for our stockholders. I also thank Betsy for stepping into the interim CFO role at an important time for Autodesk, and for her continued contributions both through the transition and as a qualified and experienced board member moving forward." Moorjani brings strong experience leading dynamic public software companies. He recently was CFO of Elastic since 2017 and assumed the additional responsibilities of COO in 2022. Prior to Elastic, he served in executive and leadership roles at Infoblox, VMware, Cisco, PTC, and Goldman Sachs. He currently serves on the Board of Directors of Cohesity, a leading AI-powered data security and data management company. "I am thrilled to join Autodesk and work with Andrew, the company's strong management team and the Board to capitalize on the compelling growth opportunities we have ahead," said Moorjani. "Autodesk has established a clear leadership position as a technology innovator by providing differentiated and connected solutions that allow customers across industries to design and make anything. I look forward to working with the team to build on Autodesk's strong financial foundation to drive continued growth, profitability and free cash flow to ultimately deliver sustainable stockholder value." ABOUT AUTODESK The world's designers, engineers, builders, and creators trust Autodesk to help them design and make anything. From the buildings we live and work in, to the cars we drive and the bridges we drive over. From the products we use and rely on, to the movies and games that inspire us. Autodesk's Design and Make Platform unlocks the power of data to accelerate insights and automate processes, empowering our customers with the technology to create the world around us and deliver better outcomes for their business and the planet. For more information, visit autodesk.com or follow @autodesk. #MakeAnything Autodesk is a registered trademark of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names or trademarks belong to their respective holders. Autodesk reserves the right to alter product and services offerings, and specifications and pricing at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document. SAFE HARBOR STATEMENT This press release contains forward-looking statements that involve risks and uncertainties, including quotations from management, statements regarding our strategies, performance, results, growth, profitability and free cash flow, and all statements that are not historical facts. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: our strategy to develop and introduce new products and services and to move to platforms and capabilities, exposing us to risks such as limited customer acceptance (both new and existing customers), costs related to product defects, and large expenditures; global economic and political conditions, including changes in monetary and fiscal policy, foreign exchange headwinds, recessionary fears, supply chain disruptions, resulting inflationary pressures and hiring conditions; geopolitical tension and armed conflicts, and extreme weather events; costs and challenges associated with strategic acquisitions and investments; our ability to successfully implement and expand our transaction model; dependency on international revenue and operations, exposing us to significant international regulatory, economic, intellectual property, collections, currency exchange rate, taxation, political, and other risks, including risks related to the war against Ukraine launched by Russia and our exit from Russia and the current conflict between Israel and Hamas; inability to predict subscription renewal rates and their impact on our future revenue and operating results; existing and increased competition and rapidly evolving technological changes; fluctuation of our financial results, key metrics and other operating metrics; our transition from up front to annual billings for multi-year contracts; deriving a substantial portion of our net revenue from a small number of solutions, including our AutoCAD-based software products and collections; any failure to successfully execute and manage initiatives to realign or introduce new business and sales initiatives, including our new transaction model for Flex; net revenue, billings, earnings, cash flow, or new or existing subscriptions shortfalls; social and ethical issues relating to the use of artificial intelligence in our offerings; our ability to maintain security levels and service performance meeting the expectations of our customers, and the resources and costs required to avoid unanticipated downtime and prevent, detect and remediate performance degradation and security breaches; security incidents or other incidents compromising the integrity of our or our customers' offerings, services, data, or intellectual property; reliance on third parties to provide us with a number of operational and technical services as well as software; our highly complex software, which may contain undetected errors, defects, or vulnerabilities; increasing regulatory focus on privacy issues and expanding laws; governmental export and import controls that could impair our ability to compete in international markets or subject us to liability if we violate the controls; protection of our intellectual property rights and intellectual property infringement claims from others; the government procurement process; fluctuations in currency exchange rates; our debt service obligations; and our investment portfolio consisting of a variety of investment vehicles that are subject to interest rate trends, market volatility, and other economic factors. Further information on potential factors that could affect the financial results of Autodesk are included in Autodesk's Form 10-K and subsequent Forms 10-Q, which are on file with the U.S. Securities and Exchange Commission. Autodesk disclaims any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. SOURCE Autodesk, Inc.
NonePembina Trails School Division network disrupted by ‘unusual activities’