Front lighting module 'Nexlide A+' wins CES 2025 Innovation Award Industry's first application of surface light source technology to front lighting module, making it 40% slimmer and increasing brightness fivefold CEO Moon: "We will grow the automotive lighting module business into a billion-dollar industry by 2030." SEOUL, South Korea , Nov. 22, 2024 /PRNewswire/ -- LG Innotek (CEO Moon, Hyuksoo) has been awarded the Consumer Electronics Show (CES) Innovation Award, winning global recognition for its unrivalled vehicle lighting technology. On November 21, 2024 , LG Innotek announced that its 'Nexlide A+ automotive lighting module' received the CES 2025 Innovation Award from the Consumer Technology Association (CTA) in the United States . In the lead up to each year's CES, the CTA presents Innovation Awards to select products and services of exhibitors that stand out for their technology, aesthetics, and innovation. The 'Nexlide A+' is a product in LG Innotek's Nexlide series, a brand devoted to automotive lighting solutions. It is the first lighting module in the industry to apply a surface light source to the front lighting module of a vehicle, capturing widespread attention in the market. Unlike typical point light sources, a surface light source emits light evenly across the entire surface. LG Innotek has secured more than 700 patents related to this technology, establishing leadership in this field. For a vehicle lighting module using a conventional point light source to achieve a similar effect to a surface light source, a separate component is required to spread the light from the point light source evenly, such as a light guide. In addition, the air gap, which is a layer of air required for light diffusion, needs to be thicker. The front lighting module, due to being located at the front of the vehicle, is exposed to high temperatures and needs to be equipped with a heat dissipation structure to remove heat. This makes existing point light source products bulky, which limits design flexibility. In comparison, the 'Nexlide A+' uses LG Innotek's unique surface light source technology to produce uniform brightness without such additional components, which also makes the module 40% slimmer than the existing product. This allows for efficient space utilization and greater flexibility in vehicle design. In addition, the heat dissipation performance has been further improved by applying high heat-resistant resin coating and film technology. Brightness has also been increased fivefold compared to conventional rear-facing lighting products, meeting the global legal standard of 500cd (candela, a unit representing the brightness of a light source) for daytime running lights (DRLs). Automotive lighting modules, including the 'Nexlide A+', form a core part of LG Innotek's Automotive components business, alongside sensing and communication components. To date, the company has completed more than 140 projects with domestic and foreign automotive brands and accumulated more than 150 orders. Over the past 10 years, it has recorded an average annual sales growth rate of 47%. Looking ahead, LG Innotek plans to expand its lineup of rear-lighting modules to include front-lighting models. By 2025, the company also aims to develop "pixel lighting" technology, which features small, three-dimensional lights arranged in a grid-like pattern. This advancement is expected to facilitate communication between vehicles(V2V) and pedestrians(V2P) enhancing safety and interaction. LG Innotek CEO Moon, Hyuksoo said, "LG Innotek is solidifying its position in the global market as a total solution provider of future mobility components." He also added, "With innovative products, we will grow the automotive lighting module business into a trillion-dollar industry by 2030, delivering unique value to our customers." In January next year, LG Innotek will present a range of differentiated products at CES 2025, including the 'Nexlide A+' and other vehicle lighting modules as well as LiDAR (Light Detection Ranging) and sensing components for autonomous driving applications. SOURCE LG Innotek
Jaipur, Nov 30 (PTI) Coming out in public for the first time after recent allegations and his indictment in the US, Adani group chairman Gautam Adani on Saturday said his conglomerate was committed to compliances and "every attack makes us stronger". "Less than two week back, we faced a set of allegations from the US about compliance practices. This is not the first time we have faced such challenges. What I can tell you is that every attack makes us stronger," he said addressing the 51st Gems and Jewellery Award here. On November 20, 2024, the United States Department of Justice and the US Securities and Exchange Commission (SEC) issued an indictment and a civil complaint in the New York district court against Gautam Adani, Sagar Adani and Vneet Jaain, key functionaries of Adani Green Energy Ltd (AGEL). The charges relate to allegations of securities fraud, wire fraud and violation of the SEC guidelines that led to materially false and misleading statements in the bond offering documents of AGEL with respect to anti-bribery and anti-corruption policies. Adani Group had issued a statement denying all allegations as baseless, and said it would seek legal recourse to defend itself. Speaking at Saturday's event, Adani said that despite a lot of vested reporting, no one from Adani's side has been charged with any violation of the FCPA (Foreign Corrupt Practices Act) of the US or any conspiracy to obstruct justice. "The fact is that despite a lot of the vested reporting, no one from the Adani side has been charged with any violation of the FCPA or any conspiracy to obstruct justice. Yet, in today's world, negativity spreads faster than facts," he said, adding that the group was committed to regulatory compliances. "As we work through the legal process, I want to re-confirm our absolute commitment to world class regulatory compliance," he added. Adani Green Energy Ltd, the renewable energy arm of the port-to-energy conglomerate, on November 21 scrapped a USD 600-million bond issue. The 20-year green bond was over-subscribed three times, hours before the US prosecutors charged Gautam Adani and associates with participating in a scheme to pay over USD 250 million bribe to Indian officials in exchange for favourable terms for solar power contracts. Following the indictment, Adani group companies' stocks also tanked in the Mumbai trade. Ten listed firms of the group lost about USD 26 billion (Rs 2.19 lakh crore) in market value -- more than double of what the conglomerate had lost when US short-seller Hindenburg brought out a damning report in January 2023. However, since Wednesday, stocks of all the group firms have recovered. Shares of nine of the 11 listed Adani Group firms ended higher on Friday, with Adani Green Energy surging almost 22 per cent and Adani Energy climbing nearly 16 per cent. "Over the years, I have come to accept that the roadblocks we face are the price of pioneering. The bolder your dreams, the more the world will scrutinise you. But it is precisely in that scrutiny that you must find the courage to rise, to challenge the status quo, and to build a path where none exists," he said. Adani said that the group had successes but the challenges have been bigger. "However, these challenges have not broken us. Instead, they have defined us. They have made us tougher and give us the unshakeable belief that after every fall, we will rise again, stronger and more resilient than before," he said. Last year, the conglomerate had scrapped a Rs 20,000 crore Follow-on Public Offer (FPO) at its flagship firm Adani Enterprises Ltd after US short-seller Hindenburg Research's report in January, which alleged the group of stock manipulation and accounting fraud. Adani had rejected all allegations and threatened to sue Hindenburg for its "reckless" attempt to sabotage the mega share sale at Adani Enterprises. But the allegation led to a free-fall of the group firms' stocks, which at the lowest point saw USD 150 billion in market value being eroded. Talking about the Hindernburg report, he said, "This was not a typical financial strike, it was a double hit, targeting our financial stability and pulling us into a political controversy. All of this was further amplified by certain media with vested interests. But even in the face of such adversity, our commitment to our principles remained strong." Adani said that after successfully raising Rs 20,000 crore from India's largest-ever FPO, the company made the extraordinary decision to return the proceeds. "We then further demonstrated our resilience by raising capital from several international sources and proactively reducing our debt-to-EBITDA ratio to below 2.5 times, an unmatched metric in the global infrastructure space," he said. "Our all-time record financial results in the same year showcased our commitment to operational excellence. Not a single Indian or foreign credit rating agency downgraded us. Finally, the Supreme Court of India's affirmation of our actions validated our approach," he said. He further said that in 2010, when the group was investing in a coal mine in Australia, its objective was to make India energy secure and replace every two tonnes of poor-quality Indian coal with one tonne of high-quality coal from Australia. However, he said, the resistance from NGOs was huge and lasted almost a decade. "It was so intense that we ended up funding the entire project of 10 billion dollars with our own equity. While we now have a world class operating mine in Australia and it could be seen as a great sign of our resilience," he said. Adani also shared his journey of becoming an entrepreneur and highlighted its dominance in various sectors. He also advised businessmen to embrace technology and sustainability for progress, empower and uplift the skilled workforce and nurture the younger generation and equip them to balance tradition with transformation, culture with innovation and legacy with sustainability. (This story has not been edited by THE WEEK and is auto-generated from PTI)Ouma Health, a maternity telehealth platform, announced it is entering into a strategic partnership with Marani Health, a digital prenatal and postpartum care company. The aim of the alliance is to offer an integrated solution that joins Ouma's 24/7 telehealth access to expert maternity clinicians with Marani's M•care platform for maternal remote management. The combination would create an end-to-end virtual maternity care model. Currently, Ouma Health partners with more than a dozen Medicaid managed care organizations (MCOs) across the country. Some of those MCOs serve members in regions with restricted or no access to maternity care. Ouma provides prenatal and postpartum care working to ensure individuals get services without having to travel long distances. Marani offers maternal technology aimed at playing a key role in managing pregnancies that could be complicated by comorbidities. According to Marani, its tools enable monitoring, data-driven risk profiling and proactive interventions with the aim of improving maternal and neonatal outcomes in underserved communities. "Our partnership with Marani Health marks a pivotal moment in the fight to eliminate disparities in maternity care," Dr. Sina Haeri, CEO of Ouma Health, said in a statement. "With Ouma's comprehensive maternity services and Marani's cutting-edge remote patient monitoring, we are equipping clinicians with the tools they need to deliver proactive, continuous care to the most underserved populations. By democratizing access to highly attentive and comprehensive maternity care, this partnership ensures that every pregnant person, regardless of their circumstances or location, receives the support they need and deserve." Ann Holder, CEO of Marani Health, said the company is what ideal maternity care looks like by ensuring that every pregnant person has on-demand access to a team of clinicians and advanced remote monitoring. "Our partnership empowers MCOs and other government programs to offer comprehensive, patient-centered maternity services that are scalable, cost-effective, and truly impactful, delivering a level of care that was once only available in major metropolitan areas," Holder said in a statement. THE LARGER TREND In October, Marani Health and Ouma Health announced that their joint submission to the Centers for Disease Control and Prevention to fund critical research at the University of Wisconsin-Madison Prevention Research Center, resulted in a $5 million grant being awarded. In 2023, Ouma Health partnered with MedArrive to expand MedArrive's mother and fetal in-home care offerings to women on Medicaid. Through the partnership, MedArrive added Ouma Health's maternal healthcare services to its offerings for managed Medicaid health plan members. In 2021, Marani Health completed a $7.6 million seed funding round that included strategic investor OneAlphaNorth Capital and the addition of OneAlphaNorth Managing Director Brady Lipp to Marani's board of directors. One Alpha North joined existing investors SWL Healthcare Ventures and TFX Capital as investors in the round. That same year, Marani Health raised another $3.7 million in seed funding in a round led by SWL Healthcare Ventures, with participation from TFZ Capital. The funds were used towards clinical research and development and to enhance a go-to-market plan.
AI Revolutionizes Mahakumbh Mela 2025: Enhanced Safety and Security MeasuresRichmond residents have reported more than $33 million in losses due to fraud so far this year. And Richmond RCMP say vulnerable groups are being targeted, including seniors, international students and new immigrants. There have been 990 cases reported to police so far in 2024. In 2023, there were 945 cases with a loss of more than $34 million. Among the most concerning trends are money mule schemes, which are increasingly targeting international students and individuals new to Canada, explained Richmond RCMP. Criminals use tactics such as false job offers, romance scams and threats to recruit individuals to unknowingly participate in money laundering activities. A money mule is someone who transfers stolen funds on behalf of criminals, often under the guise of a job offer, personal favour or investment opportunity. Victims may be asked to open bank accounts in their own names or use their personal accounts to move money, unknowingly becoming part of illegal activities. Sgt. Dave Au with the Richmond RCMP Economic Crime Unit said they are seeing an increase in money mule recruitment, particularly among international students. “These individuals are often tricked into believing they are helping someone or earning a legitimate income," said Au. "What they don’t realize is that this makes them complicit in money laundering.” Richmond RCMP’s Economic Crime Unit (ECU) is comprised of investigators who specialize in combating complex financial crimes, including cryptocurrency fraud and emerging threats like deepfake technology. Their collaborative work across jurisdictions aims to ensure victims receive justice and fraudsters face consequences. The top fraud categories of 2024 were investment scams, crypto scams, phone scams and romance scams Fraudsters continue to exploit trust and fear, with tactics evolving to include digital platforms and social engineering. Read more about common scams on the BC RCMP website . Richmond RCMP’s ECU, Community Engagement Team (CET) and volunteers have been working to prevent fraud through public outreach efforts: This summer, officers and volunteers set up fraud prevention booths at the Richmond Night Market and conducted local presentations, engaging with thousands of residents to raise awareness. On Oct. 27, the ECU engaged with more than 1,000 shoppers at T&T Market, sharing fraud prevention pamphlets in multiple languages. CET and ECU are conducting fraud awareness presentations in seniors centres and with community groups, focusing on scams targeting vulnerable residents. These efforts are ongoing, and aim to educate the public, encourage reporting and empower the community to recognize and avoid scams. Verify offers: Be skeptical of unsolicited job offers, which should never require the use of your personal bank account to transfer money. Don’t share financial information: Never provide banking details to someone you’ve only met online or through unsolicited messages. Be cautious of cryptocurrency requests: Legitimate agencies will never ask for payment in cryptocurrency or gift cards. Report suspicious activity: If you suspect fraud, report it to the Richmond RCMP's non-emergency line at 604-278-1212 or to your police of jurisdiction. Richmond RCMP urges all residents to report suspected fraud, even if no money has been lost. Reporting fraud helps disrupt criminal networks and prevents further victimization. To learn more about protecting yourself and your loved ones from fraud, visit the Canadian Anti-Fraud Centre website . Got an opinion on this story or any others in Richmond? Send us a letter or email your thoughts or story tips to [email protected] . To stay updated on Richmond news, sign up for our daily headline newsletter . Words missing in article? Your adblocker might be preventing hyperlinked text from appearing.
INGLEWOOD, Calif. (AP) — For the second straight season, the Philadelphia Eagles are headed to SoFi Stadium with a lengthy winning streak and a team that looks like one of the best in the NFC. The Los Angeles Rams (5-5) couldn't do much to slow them down last season, but they'll try again Sunday night with a young team that hopes to get where the Eagles (8-2) are already standing — atop their division with a six-game winning streak. Philadelphia also made this road trip in October 2023 for a meeting of the previous two NFC champions, and the unbeaten Eagles held on for a 23-14 victory despite failing to score a touchdown in the second half. Jalen Hurts passed for 303 yards and a touchdown and rushed for 72 yards and another score, while Jalen Carter sacked Matthew Stafford twice while the Eagles prevented LA from crossing midfield in the second half. “I just remember that they do a great job of controlling the game,” Rams coach Sean McVay said. “They shortened the game, and that’s been a consistent theme that they do an excellent job of. I remember feeling like that’s a good team, and we had our chances, but they certainly made it difficult for us and they earned that win.” Philadelphia comes into the rematch on extra rest after beating Washington 26-18 in a Thursday night game. The young Rams have won four of their past five , but they haven't managed the consistency necessary to become an elite team. The Eagles’ NFL-best defense includes one of the league’s best cornerback duos in Darius Slay and rookie Quinyon Mitchell. The Rams’ offense is built around Stafford’s ability to get the ball to Cooper Kupp and Puka Nacua, two of the NFL’s top wideouts. That dual matchup should determine whether the Rams can score enough points to keep up with Philadelphia. “Their personnel is as good as it gets, as far as we’ve seen,” Stafford said of the Eagles defense. “I've just watched them from afar. It’s impressive what you see on tape. They do a really nice job of disguising their looks and giving you a bunch of things to look at.” The game also features the two front-runners for the AP NFL Defensive Rookie of the Year award. Mitchell is widely considered the top rookie cornerback in the league, but Los Angeles edge rusher Jared Verse is the consensus favorite for the award so far after his dynamic start to the season with 4 1/2 sacks and 11 tackles for loss. Hurts is expected to play Sunday after being limited in practice this week by an ankle injury. He said the limited practice was part of a program put together by the Eagles to strengthen his recovery with extra days off. He also cleared concussion protocol after his head was spiked into the ground against Washington. Hurts has 2,197 yards passing with 12 TDs and five interceptions. Thanks in large part to the “tush push,” Hurts has 11 rushing TDs. “It’s not necessarily about all health,” Hurts said. “I think it’s a mentality where we are. We’re in a phase of the year where things could have very easily, well, they didn’t end the way we wanted to (last season). So that’s in the back of my mind as we enter this phase and putting an emphasis on finishing strong, putting ourselves in a good place.” The Eagles remain confident in kicker Jake Elliott as he comes off perhaps the worst game of his career, missing two field goals and an extra point against Washington. Elliott signed a four-year, $24 million extension in March, but he has already missed five field-goal attempts this season. He holds the franchise record with seven field goals of 50 yards or more in a season, but has missed all four attempts from 50-plus in 2024. “It’s funny with Jake, he’s such a competitor and such a good kicker, you almost take it a little bit for granted when he’s out there; it’s an automatic,” special teams coach Michael Clay said. “But I have such supreme confidence in Jake. At times, it’s just not your day. We’d be probably a little bit more on edge if the ball was sprayed all over the place.” The Eagles are rolling with six straight wins out of the bye, and only Detroit has a better record in the NFC. But Philly fans know better than to expect good times ahead after the Eagles turned a 10-1 start last season into a 1-5 finish and a playoff loss in the wild-card round. So why should anyone expect the Eagles to keep it together this season instead of collapsing yet again? “I think we’ve got some really good teammates and coaches. Everyone is just so locked in to becoming better,” coach Nick Sirianni said. “I do feel like that, that everyone is locked in to becoming better. I felt that way last year, too. Don’t get me wrong. It didn’t work. There were things that happened last year that we feel like we’ve corrected, that we’re on the right track.” AP Sports Writer Dan Gelston in Philadelphia contributed. AP NFL: https://apnews.com/NFLRoman Marble Head repatriated from Münster to ThessalonikiThey were all exceptional – Mikel Arteta loved seeing Arsenal run riot in LisbonNet sales increased 2% versus last year with comparable sales up 1% Operating margin of 9.3% improved 270 basis points versus last year Market share gains across all brands in the quarter Raises outlook for fiscal 2024 net sales, gross margin and operating income growth SAN FRANCISCO , Nov. 21, 2024 /PRNewswire/ -- Gap Inc. (NYSE: GAP), the largest specialty apparel company in the U.S. and a house of iconic brands including Old Navy, Gap, Banana Republic, and Athleta, today reported financial results for its third quarter ended November 2, 2024. "I'm proud that Gap Inc. delivered another successful quarter, growing net sales for the 4 th consecutive quarter and gaining market share across all brands while meaningfully expanding operating margin," said President and Chief Executive Officer, Richard Dickson . "Consistent execution of our strategic priorities, including the rigor and repetition we're applying to our brand reinvigoration playbook, is making us a stronger company and demonstrates our continued progress in unlocking Gap Inc.'s full potential." Dickson continued: "Holiday is off to a strong start and we remain focused on executing with excellence in the fourth quarter. Our performance year-to-date gives us the confidence to raise our full year outlook for sales, gross margin and operating income growth." Third Quarter Fiscal 2024 – Financial Results Balance Sheet and Cash Flow Highlights Additional information regarding free cash flow, which is a non-GAAP financial measure, is provided at the end of this press release along with a reconciliation of this measure from the most directly comparable GAAP financial measure for the applicable period. Third Quarter Fiscal 2024 – Global Brand Results Comparable Sales Third Quarter 2024 2023 Old Navy — % 1 % Gap 3 % (1) % Banana Republic (1) % (8) % Athleta 5 % (19) % Gap Inc. 1 % (2) % Old Navy: Gap: Banana Republic: Athleta: Fiscal 2024 Outlook As a result of its strong third quarter results, the company is raising its full year outlook for net sales, gross margin and operating income growth compared to prior expectations. Please note that the company's projected full year fiscal 2024 operating income growth below is provided in comparison to its full year fiscal 2023 adjusted operating income, which excludes $93 million in restructuring costs and a $47 million gain on sale of a building. Full Year Fiscal 2024 Current FY24 Outlook Prior FY24 Outlook FY23 Results Net sales Up 1.5% to 2.0% on a 52-week basis Up slightly on a 52-week basis $14.9 billion 1 Gross margin Approximately 220 bps expansion Approximately 200 bps expansion 38.8 % Operating expense Approximately $5.1 billion Approximately $5.1 billion $5.17 billion (adjusted) 2 Operating income Mid to High 60% growth range Mid to High 50% growth range $606 million (adjusted) 3 Effective tax rate Approximately 26.5% Approximately 28% 9.7 % Capital expenditures Approximately $500 million Approximately $500 million $420 million 1 Fiscal year 2023 consisted of 53 weeks and the extra week drove approximately $160 million of incremental sales. 2 Fiscal year 2023 adjusted operating expense of $5.17 billion excludes $89 million in restructuring costs and a $47 million gain on sale. 3 Fiscal year 2023 adjusted operating income of $606 million excludes $93 million in restructuring costs and a $47 million gain on sale. Webcast and Conference Call Information Whitney Notaro , Head of Investor Relations at Gap Inc., will host a conference call to review the company's third quarter fiscal 2024 results beginning at approximately 2:00 p.m. Pacific Time today. Ms. Notaro will be joined by President and Chief Executive Officer, Richard Dickson and Chief Financial Officer, Katrina O'Connell . A live webcast of the conference call and accompanying materials will be available online at investors.gapinc.com . A replay of the webcast will be available at the same location. Non-GAAP Disclosure This press release and related conference call include financial measures that have not been calculated in accordance with U.S. generally accepted accounting principles (GAAP) and are therefore referred to as non-GAAP financial measures. The non-GAAP measures described below are intended to provide investors with additional useful information about the company's financial performance, to enhance the overall understanding of its past performance and future prospects, and to allow for greater transparency with respect to important metrics used by management for financial and operating decision-making. The company presents these non-GAAP financial measures to assist investors in seeing its financial performance from management's view and because it believes they provide an additional tool for investors to use in computing the company's core financial performance over multiple periods with other companies in its industry. Additional information regarding the intended use of non-GAAP measures included in this press release and related conference call is provided in the tables to this press release. The non-GAAP measures included in this press release and related conference call are adjusted operating expense/adjusted SG&A, adjusted operating income, adjusted operating margin, adjusted diluted earnings per share, and free cash flow. These non-GAAP measures exclude the impact of certain items that are set forth in the tables to this press release. In addition, the company's outlook includes projected full year fiscal 2024 operating income growth compared to its full year fiscal 2023 adjusted operating income. The non-GAAP measures used by the company should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP and may not be the same as similarly titled measures used by other companies due to possible differences in method and in items or events being adjusted. The company urges investors to review the reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures included in the tables to this press release below, and not to rely on any single financial measure to evaluate its business. The non-GAAP financial measures used by the company have limitations in their usefulness to investors because they have no standardized meaning prescribed by GAAP and are not prepared under any comprehensive set of accounting rules or principles. Forward-Looking Statements This press release and related conference call and accompanying materials contain forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements other than those that are purely historical are forward-looking statements. Words such as "expect," "anticipate," "believe," "estimate," "intend," "plan," "project," and similar expressions also identify forward-looking statements. Forward-looking statements include statements regarding the following: becoming a high performing company; unlocking Gap Inc.'s potential; our four strategic priorities, including maintaining and delivering financial and operational rigor, the reinvigoration of our brands, strengthening our operating platform, and energizing our culture; driving relevance and revenue by executing on our brand reinvigoration playbook; expectations for Old Navy for the holiday season; accelerating Old Navy's presence in the Active category; Old Navy's holiday activations and product; reigniting Gap brand's leadership in trend-right products and creative expression through big ideas and culturally relevant messaging; reestablishing Banana Republic to thrive in the premium lifestyle space; evolving Banana Republic's assortment and fit; continuing to fix the fundamentals at Banana Republic; Banana Republic's holiday product; Athleta's trajectory; Athleta's holiday product; enhancing Athleta's in-store and online experiences; driving high-performance across our teams; executing with excellence; Gap Inc.'s positioning going into the holiday season; expectations for our full year performance; expected year-end inventory levels; expected full year fiscal 2024 net sales; the expected impact of the loss of the 53rd week on full year fiscal 2024 net sales; expected fourth quarter fiscal 2024 net sales; the expected impacts of the loss of the 53rd week and the weekly calendar shift on fourth quarter fiscal 2024 net sales; expected full year fiscal 2024 gross margin; the expected impacts of commodity costs and better inventory management on full year fiscal 2024 gross margin; expected full year fiscal 2024 ROD; expected fourth quarter fiscal 2024 gross margin; the expected impact of the loss of the 53rd week on fourth quarter fiscal 2024 gross margin; expected full year fiscal 2024 SG&A/operating expense; continuing cost discipline and unlocking more efficiencies in the business; expected full year fiscal 2024 operating income; expected full year fiscal 2024 effective tax rate; expected full year fiscal 2024 capital expenditures; generating sustainable, profitable growth and delivering long-term shareholder value; and our dividend policy. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results to differ materially from those in the forward-looking statements. These factors include, without limitation, the following risks, any of which could have an adverse effect on our business, financial condition, results of operations, or reputation: the overall global economic and geopolitical environment, including the ongoing Russia - Ukraine and Israel-Hamas conflicts and recent elections in the United States , and impacts on consumer spending patterns; social and political unrest in our sourcing countries, including Bangladesh , and disruptions to global trade and shipping capacity, including in the Red Sea; the risk that we or our franchisees may be unsuccessful in gauging apparel trends and changing consumer preferences or responding with sufficient lead time; the highly competitive nature of our business in the United States and internationally; the risk that we may be unable to manage our inventory effectively and the resulting impact on our gross margins and sales; the risk that our investments in customer, digital, and omni-channel shopping initiatives may not deliver the results we anticipate; the risk that we fail to maintain, enhance, and protect our brand image and reputation; the risk of loss or theft of assets, including inventory shortage; the risk that we fail to manage key executive succession and retention or continue to attract qualified personnel; reductions in income and cash flow from our credit card arrangement related to our private label and co-branded credit cards; the risk that changes in our business strategy or restructuring our operations may not generate the intended benefits or projected cost savings; the risk that trade matters could increase the cost or reduce the supply of apparel available to us; the risks to our business, including our costs and global supply chain, associated with global sourcing and manufacturing; the risks to our reputation or operations associated with importing merchandise from foreign countries, including failure of our vendors to adhere to our Code of Vendor Conduct; the risk that we or our franchisees may be unsuccessful in identifying, negotiating, and securing new store locations and renewing, modifying, or terminating leases for existing store locations effectively; engaging in or seeking to engage in strategic transactions that are subject to various risks and uncertainties; the risk that our efforts to expand internationally may not be successful; the risk that our franchisees and licensees could impair the value of our brands; the risk of data or other security breaches or vulnerabilities that may result in increased costs, violations of law, significant legal and financial exposure, and a loss of confidence in our security measures; the risk that failures of, or updates or changes to, our IT systems may disrupt our operations; the risk that our comparable sales and margins may experience fluctuations, that we may fail to meet financial market expectations, or that the seasonality of our business may experience fluctuations; the risk of foreign currency exchange rate fluctuations; the risk that our level of indebtedness may impact our ability to operate and expand our business; the risk that we and our subsidiaries may be unable to meet our obligations under our indebtedness agreements; the risk that changes in our credit profile or deterioration in market conditions may limit our access to the capital markets; natural disasters, public health crises (such as pandemics and epidemics), political crises (such as the ongoing Russia - Ukraine and Israel-Hamas conflicts), negative global climate patterns, or other catastrophic events; evolving regulations and expectations with respect to ESG matters, including climate reporting; the adverse effects of climate change on our operations and those of our franchisees, vendors, and other business partners; our failure to comply with applicable laws and regulations and changes in the regulatory or administrative landscape; the risk that we will not be successful in defending various proceedings, lawsuits, disputes, and claims; the risk that our estimates and assumptions used when preparing our financial information are inaccurate or may change; the risk that changes in the geographic mix and level of income or losses, the expected or actual outcome of audits, changes in deferred tax valuation allowances, and new legislation could impact our effective tax rate, or that we may be required to pay amounts in excess of established tax liabilities; the risk that changes in our business structure, our performance or our industry could result in reductions in our pre-tax income or utilization of existing tax carryforwards in future periods, and require additional deferred tax valuation allowances; the risk that the adoption of new accounting pronouncements will impact future results; and the risk that additional information may arise during our close process or as a result of subsequent events that would require us to make adjustments to our financial information. Additional information regarding factors that could cause results to differ can be found in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 19, 2024 , as well as our subsequent filings with the Securities and Exchange Commission. These forward-looking statements are based on information as of November 21, 2024 . We assume no obligation to publicly update or revise our forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized. About Gap Inc. Gap Inc., a house of iconic brands, is the largest specialty apparel company in America. Its Old Navy , Gap , Banana Republic , and Athleta brands offer clothing, accessories, and lifestyle products for men, women and children. Since 1969, Gap Inc. has created products and experiences that shape culture, while doing right by employees, communities and the planet. Gap Inc. products are available worldwide through company-operated stores, franchise stores, and e-commerce sites. Fiscal year 2023 net sales were $14.9 billion . For more information, please visit www.gapinc.com . Investor Relations Contact: Nina Bari Investor_relations@gap.com Media Relations Contact: Megan Foote Press@gap.com The Gap, Inc. CONDENSED CONSOLIDATED BALANCE SHEETS UNAUDITED ($ in millions) November 2, 2024 October 28, 2023 ASSETS Current assets: Cash and cash equivalents $ 1,969 $ 1,351 Short-term investments 250 — Merchandise inventory 2,331 2,377 Other current assets 580 646 Total current assets 5,130 4,374 Property and equipment, net of accumulated depreciation 2,546 2,552 Operating lease assets 3,217 3,200 Other long-term assets 960 926 Total assets $ 11,853 $ 11,052 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 1,523 $ 1,433 Accrued expenses and other current liabilities 1,135 1,078 Current portion of operating lease liabilities 617 604 Income taxes payable 50 24 Total current liabilities 3,325 3,139 Long-term liabilities: Long-term debt 1,489 1,488 Long-term operating lease liabilities 3,360 3,456 Other long-term liabilities 544 509 Total long-term liabilities 5,393 5,453 Total stockholders' equity 3,135 2,460 Total liabilities and stockholders' equity $ 11,853 $ 11,052 The Gap, Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS UNAUDITED 13 Weeks Ended 39 Weeks Ended ($ and shares in millions except per share amounts) November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Net sales $ 3,829 $ 3,767 $ 10,937 $ 10,591 Cost of goods sold and occupancy expenses 2,194 2,211 6,322 6,488 Gross profit 1,635 1,556 4,615 4,103 Operating expenses 1,280 1,306 3,762 3,757 Operating income 355 250 853 346 Interest, net (6) — (12) 8 Income before income taxes 361 250 865 338 Income tax expense 87 32 227 21 Net income $ 274 $ 218 $ 638 $ 317 Weighted-average number of shares - basic 377 371 376 369 Weighted-average number of shares - diluted 383 375 383 373 Earnings per share - basic $ 0.73 $ 0.59 $ 1.70 $ 0.86 Earnings per share - diluted $ 0.72 $ 0.58 $ 1.67 $ 0.85 The Gap, Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS UNAUDITED 39 Weeks Ended ($ in millions) November 2, 2024 (a) October 28, 2023 (a) Cash flows from operating activities: Net income $ 638 $ 317 Depreciation and amortization 371 394 Gain on sale of building — (47) Change in merchandise inventory (344) (5) Change in accounts payable 156 133 Other, net
Kakko's late goal lifts Rangers past Canadiens 4-3INGLEWOOD, Calif. (AP) — For the second straight season, the Philadelphia Eagles are headed to SoFi Stadium with a lengthy winning streak and a team that looks like one of the best in the NFC. The Los Angeles Rams (5-5) couldn't do much to slow them down last season, but they'll try again Sunday night with a young team that hopes to get where the Eagles (8-2) are already standing — atop their division with a six-game winning streak. Philadelphia also made this road trip in October 2023 for a meeting of the previous two NFC champions, and the unbeaten Eagles held on for a 23-14 victory despite failing to score a touchdown in the second half. Jalen Hurts passed for 303 yards and a touchdown and rushed for 72 yards and another score, while Jalen Carter sacked Matthew Stafford twice while the Eagles prevented LA from crossing midfield in the second half. “I just remember that they do a great job of controlling the game,” Rams coach Sean McVay said. “They shortened the game, and that’s been a consistent theme that they do an excellent job of. I remember feeling like that’s a good team, and we had our chances, but they certainly made it difficult for us and they earned that win.” Philadelphia comes into the rematch on extra rest after beating Washington 26-18 in a Thursday night game. The young Rams have won four of their past five , but they haven't managed the consistency necessary to become an elite team. The Eagles’ NFL-best defense includes one of the league’s best cornerback duos in Darius Slay and rookie Quinyon Mitchell. The Rams’ offense is built around Stafford’s ability to get the ball to Cooper Kupp and Puka Nacua, two of the NFL’s top wideouts. That dual matchup should determine whether the Rams can score enough points to keep up with Philadelphia. “Their personnel is as good as it gets, as far as we’ve seen,” Stafford said of the Eagles defense. “I've just watched them from afar. It’s impressive what you see on tape. They do a really nice job of disguising their looks and giving you a bunch of things to look at.” The game also features the two front-runners for the AP NFL Defensive Rookie of the Year award. Mitchell is widely considered the top rookie cornerback in the league, but Los Angeles edge rusher Jared Verse is the consensus favorite for the award so far after his dynamic start to the season with 4 1/2 sacks and 11 tackles for loss. Hurts is expected to play Sunday after being limited in practice this week by an ankle injury. He said the limited practice was part of a program put together by the Eagles to strengthen his recovery with extra days off. He also cleared concussion protocol after his head was spiked into the ground against Washington. Hurts has 2,197 yards passing with 12 TDs and five interceptions. Thanks in large part to the “tush push,” Hurts has 11 rushing TDs. “It’s not necessarily about all health,” Hurts said. “I think it’s a mentality where we are. We’re in a phase of the year where things could have very easily, well, they didn’t end the way we wanted to (last season). So that’s in the back of my mind as we enter this phase and putting an emphasis on finishing strong, putting ourselves in a good place.” The Eagles remain confident in kicker Jake Elliott as he comes off perhaps the worst game of his career, missing two field goals and an extra point against Washington. Elliott signed a four-year, $24 million extension in March, but he has already missed five field-goal attempts this season. He holds the franchise record with seven field goals of 50 yards or more in a season, but has missed all four attempts from 50-plus in 2024. “It’s funny with Jake, he’s such a competitor and such a good kicker, you almost take it a little bit for granted when he’s out there; it’s an automatic,” special teams coach Michael Clay said. “But I have such supreme confidence in Jake. At times, it’s just not your day. We’d be probably a little bit more on edge if the ball was sprayed all over the place.” The Eagles are rolling with six straight wins out of the bye, and only Detroit has a better record in the NFC. But Philly fans know better than to expect good times ahead after the Eagles turned a 10-1 start last season into a 1-5 finish and a playoff loss in the wild-card round. So why should anyone expect the Eagles to keep it together this season instead of collapsing yet again? “I think we’ve got some really good teammates and coaches. Everyone is just so locked in to becoming better,” coach Nick Sirianni said. “I do feel like that, that everyone is locked in to becoming better. I felt that way last year, too. Don’t get me wrong. It didn’t work. There were things that happened last year that we feel like we’ve corrected, that we’re on the right track.” AP Sports Writer Dan Gelston in Philadelphia contributed. AP NFL: https://apnews.com/NFL
'More will die if Belfast roads aren't made a lot safer for cyclists'Maharashtra's New Leadership: A Coalition Power Play
Dusty May, No. 14 Michigan try to continue strong start vs. ArkansasJonah Goldberg: What if most Americans aren't bitterly divided?
Caprock Group LLC decreased its position in Quest Diagnostics Incorporated ( NYSE:DGX – Free Report ) by 8.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,976 shares of the medical research company’s stock after selling 283 shares during the period. Caprock Group LLC’s holdings in Quest Diagnostics were worth $462,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also bought and sold shares of DGX. Rothschild Investment LLC bought a new position in shares of Quest Diagnostics during the 2nd quarter worth $26,000. Innealta Capital LLC bought a new position in Quest Diagnostics during the second quarter worth about $31,000. Larson Financial Group LLC increased its stake in shares of Quest Diagnostics by 77.5% in the second quarter. Larson Financial Group LLC now owns 229 shares of the medical research company’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. TruNorth Capital Management LLC bought a new stake in shares of Quest Diagnostics in the second quarter valued at approximately $33,000. Finally, EdgeRock Capital LLC bought a new position in Quest Diagnostics in the 2nd quarter worth approximately $35,000. 88.06% of the stock is owned by institutional investors. Quest Diagnostics Price Performance DGX opened at $163.59 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.17 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $18.26 billion, a P/E ratio of 21.99, a PEG ratio of 2.83 and a beta of 0.89. The stock has a 50-day moving average price of $154.84 and a 200-day moving average price of $148.29. Quest Diagnostics Incorporated has a 12-month low of $123.04 and a 12-month high of $165.10. Quest Diagnostics Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Tuesday, January 14th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, January 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.83%. Quest Diagnostics’s dividend payout ratio (DPR) is currently 40.32%. Insider Transactions at Quest Diagnostics In related news, SVP Karthik Kuppusamy sold 1,775 shares of Quest Diagnostics stock in a transaction on Monday, October 28th. The shares were sold at an average price of $156.92, for a total value of $278,533.00. Following the transaction, the senior vice president now directly owns 9,734 shares of the company’s stock, valued at $1,527,459.28. The trade was a 15.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link . Also, CAO Michael J. Deppe sold 18,755 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $154.05, for a total transaction of $2,889,207.75. Following the completion of the sale, the chief accounting officer now directly owns 34,941 shares in the company, valued at approximately $5,382,661.05. This trade represents a 34.93 % decrease in their position. The disclosure for this sale can be found here . Over the last quarter, insiders have sold 22,520 shares of company stock worth $3,472,728. Company insiders own 0.79% of the company’s stock. Analyst Upgrades and Downgrades A number of equities research analysts have issued reports on the stock. Barclays boosted their target price on shares of Quest Diagnostics from $154.00 to $168.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Truist Financial increased their price objective on Quest Diagnostics from $158.00 to $165.00 and gave the stock a “hold” rating in a report on Monday, October 7th. Mizuho lifted their target price on Quest Diagnostics from $160.00 to $174.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Robert W. Baird raised shares of Quest Diagnostics from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $157.00 to $182.00 in a report on Wednesday, October 23rd. Finally, StockNews.com lowered shares of Quest Diagnostics from a “buy” rating to a “hold” rating in a report on Monday, November 18th. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $164.58. Check Out Our Latest Research Report on DGX Quest Diagnostics Company Profile ( Free Report ) Quest Diagnostics Incorporated provides diagnostic testing and services in the United States and internationally. The company develops and delivers diagnostic information services, such as routine, non-routine and advanced clinical testing, anatomic pathology testing, and other diagnostic information services. See Also Want to see what other hedge funds are holding DGX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quest Diagnostics Incorporated ( NYSE:DGX – Free Report ). Receive News & Ratings for Quest Diagnostics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quest Diagnostics and related companies with MarketBeat.com's FREE daily email newsletter .
Buffalo Bills quarterback Josh Allen and Oscar nominee Hailee Steinfeld announced their engagement Friday, roughly a year-and-a-half after being first romantically linked. The 28-year-old NFL star and “Hawkeye” actress, 27, confirmed the news in a joint Instagram post, revealing they got engaged last week. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.