Lewandowski joins Ronaldo and Messi in the Champions League century club with goal No. 100SAN DIEGO, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Wolfspeed, Inc. (NYSE: WOLF) securities between August 16, 2023 and November 6, 2024. Wolfspeed is a global semiconductor company focused on silicon carbide materials and the fabrication of devices for power applications. For more information, submit a form , email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that Wolfspeed, Inc (WOLF) Misled Investors Regarding its Revenue Projections According to the complaint, defendants provided the public with revenue projections that depended on the Mohawk Valley fabrication facility ramping its production to meet and/or exceed demand for its 200mm wafer product. Defendants provided these overwhelmingly positive statements to investors while, at the same time, concealing material adverse facts concerning the true state of Wolfspeed’s growth potential and, in particular, the operational status and profitability of the Mohawk Valley fabrication facility. First, to meet its publicly stated projections, the Company would have to cancel or otherwise indefinitely suspend planned future projects such as the facility in Saarland, Germany. Second, the Company would have to terminate a significant portion of its workforce (approximately 20%) and shutter the Durham fabrication facility. Plaintiff alleges that on November 6, 2024, Wolfspeed announced its financial results for the first quarter of fiscal year 2025 and unveiled guidance for the second quarter well below expectations. While defendants had repeatedly claimed that 20% utilization of the Mohawk Valley fabrication facility would result in $100 million revenue out of the facility, defendants now guided to a range 30% to 50% below that mark. The Company attributed its results and lowered guidance to “demand ... ramp[ing] more slowly than we originally anticipated” as “EV customers revise their launch time lines as the market works though this transition period.” On this news, Wolfspeed’s stock price fell from $13.71 per share on November 6, 2024, to $8.33 per share on November 7, 2024, a decline of about 39.24%. What Now : You may be eligible to participate in the class action against Wolfspeed, Inc. Shareholders who want to serve as lead plaintiff for the class must submit their application to the court by January 17, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here . All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Robbins LLP : Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders. To be notified if a class action against Wolfspeed, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6e2a3cda-6c15-4240-9c27-2fcf37e35629Team Canada has announced its roster for the 4 Nations Face-Off, adding some speed and skill around a core featuring multiple future Hall of Famers. The 17 players added join the previously announced Sidney Crosby, Cale Makar, Nathan MacKinnon, Brad Marchand, Connor McDavid and Brayden Point. The new additions are headlined by Maple Leafs superstar Mitch Marner, the NHL’s leading goal scorer in Sam Reinhart of the Panthers and Vegas Golden Knights captain Mark Stone. After much debate, the goaltenders selected are Adin Hill of the Golden Knights, Jordan Binnington of the St. Louis Blues and Sam Montembeault of the Montreal Canadiens. The 4 Nations Face-Off is a new best-on-best international tournament featuring teams made up of NHL players from Canada, Finland, Sweden and the United States. The tournament will run from Feb. 12 to 20 in Montreal and Boston, and all games will be available on Sportsnet and Sportsnet+. Canada’s full roster for the tournament: Forwards Sam Bennett (Florida Panthers) Anthony Cirelli (Tampa Bay Lightning) Sidney Crosby (Pittsburgh Penguins) Brandon Hagel (Tampa Bay Lightning) Seth Jarvis (Carolina Hurricanes) Travis Konecny (Philadelphia Flyers) Nathan MacKinnon (Colorado Avalanche) Brad Marchand (Boston Bruins) Mitch Marner (Toronto Maple Leafs) Connor McDavid (Edmonton Oilers) Brayden Point (Tampa Bay Lightning) Sam Reinhart (Florida Panthers) Mark Stone (Vegas Golden Knights Defence Cale Makar (Colorado Avalanche) Josh Morrissey (Winnipeg Jets) Colton Parayko (St. Louis Blues) Alex Pietrangelo (Vegas Golden Knights) Travis Sanheim (Philadelphia Flyers) Shea Theodore (Vegas Golden Knights) Devon Toews (Colorado Avalanche) Goaltenders Jordan Binnington (St. Louis Blues) Adin Hill (Vegas Golden Knights) Sam Montembeault (Montreal Canadiens)
(CNN) — Supreme Court Justice Neil Gorsuch announced Wednesday that he will recuse himself from a case dealing with a western railway line after Democratic lawmakers called attention to the fact that a longtime ally of his could benefit from the court’s decision. The court’s clerk notified attorneys in the case in a letter that, in light of the Supreme Court’s recently approved code of conduct, Gorsuch would recuse in the case set for oral argument Tuesday. The letter did not elaborate on Gorsuch’s thinking. But the decision from the conservative Trump nominee comes weeks after a letter from Democrats on Capitol Hill argued that Denver-based billionaire Philip Anschutz – a longtime ally of Gorsuch – has a possible financial interest in the outcome of the case. The Supreme Court did not respond to a request for further information about Gorsuch’s decision. At issue in the case, Seven County Infrastructure Coalition v. Eagle County, Colorado, is an 88-mile railway line connecting parts of Utah to Colorado. The line would be used to transport waxy crude oil to refineries. The legal question deals with the extent of the environmental review of that project by the US Surface Transportation Board. Anschutz owns an oil and gas company in Denver and filed a friend-of-the-court brief in the case supporting more limited environmental reviews. Critics have noted that Gorsuch served as an attorney for Anschutz. During his confirmation hearing in 2017, Democrats called attention to a Denver Post report at the time that Anschutz had lobbied the White House on Gorsuch’s behalf for a judgeship on the Denver-based 10th US Circuit Court of Appeals. The connections prompted Rep. Hank Johnson, a Georgia Democrat and member of the House Judiciary Committee, to write a letter to Gorsuch last month seeking his recusal in the case. “Our nation’s highest court should hold itself to the highest ethical standards,” Johnson and other Democrats wrote. “To show the American people that the Supreme Court is impartial, you must recuse yourself from any case that directly impacts the financial fortunes of Philip Anschutz, the man who was your previous legal client.” The-CNN-Wire TM & © 2024 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
Tata Motors Share Price Today Live Updates : On the last trading day, Tata Motors opened at 747.85 and closed at 740.80, experiencing a high of 766.75 and a low of 745.70. The company's market capitalization stood at 272,697.7 crore. Over the past year, Tata Motors reached a 52-week high of 1,179.05 and a low of 714.39. The BSE recorded a trading volume of 1,236,628 shares for the day. Tata Motors Share Price Live Updates: Tata Motors volume yesterday was 17 mn as compared to the 20 day avg of 13574 k Tata Motors Share Price Live Updates: The trading volume yesterday was 25.76% higher than the 20 day average. Yesterday’s NSE volume was 15 mn & BSE volume was 1236 k. Tata Motors Share Price Live Updates: Tata Motors closed at ₹740.8 on last trading day & the technical trend suggests Bearish near term outlook Tata Motors Share Price Live Updates: The stock traded in the range of 766.75 & 745.7 yesterday to end at 750.55. The stock is currently experiencing a strong downtrend
Ruben Amorim impressed with Arsenal’s corners after first defeat as Man Utd boss
ISLAMABAD: Pakistan’s information technology sector suffers losses of more than one million dollars per hour on account of internet shutdown in the country, said Sajjad Mustafa Syed, chairman Pakistan Software Houses Association (P@SHA). “To achieve the government’s envisaged target of $15 billion IT exports is linked with market access, infrastructure stability, accommodative taxation policy as well as skilled human resources” said P@SHA chairman, while talking to media persons here on Tuesday. He further said that if government invests one dollar in market access, it results into return of $49, as evident from the last three years pattern. He said that IT sector has registered around 40 percent, taking the exports to $3.2 billion. He said that 55 percent IT exports of Pakistan is going to US followed by 20 percent to Europe. However, the government needs to focus and invest on branding to realise the actual potential of the sector. Business community leader assails curbs on Internet Talking about the outcome of repeated internet shut down in the country, Syed said that 99 percent firms/ companied reported that their services were disrupted and 90 percent reported losses. Quoting an example, the chairman said that due to recent internet shut down one call centre suffered a penalty of $2 million. Talking about duties and taxes, he said that the sector pays taxes on its revenue, which hurts it. He urged the government for tax incentives to allow the sector to flourish, bring remittances as well as investment. He said that barrier to entry to IT sector are low, but barrier to exit are also low; therefore, government should not come up with such taxation policies which force the companies to leave the country and instead should facilitate them for bringing more investment. He also lamented the IT sector is yet to be recognised as industry, and resultantly their input cost is high on account of tariff and other related things. He further said that free virtual private network is risk for data security and the government should go for VPN services providers’ pattern to make it more secure, as well as, industry friendly. He said that VPN cannot be blocked under the PECA law, as it is not content but a tool. He further said that P@SHA plays role in policy harmonization as it should not be in isolations. He admitted that the country is producing around 35,000 IT graduate, but hardly 5,000-6,000 adjust in the sector due to not meeting the industry requirement. He said that government is planning a project of worth around Rs8 billion to develop skill which is expected to produce good results. Copyright Business Recorder, 2024
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Robert Lewandowski fired Barcelona to another three points in the Champions League as his Barca side emerged as 3-0 victors against Brest on Tuesday night, continuing their march toward the round of 16. Lewandowski opened the scoring in the 10th minute from the penalty spot, finding the back of the net for the 100th time in the Champions League, and he joined Lionel Messi and Cristiano Ronaldo as the only players to score a century of goals in the competition. Dani Olmo scored the Spanish side's second of the game in the 66th minute after receiving the ball inside the penalty area after a square cross from Gerard Martin , and the goalscorer's danced past centre-back Brendan Chardonnet before firing his shot off of Brest goalkeeper Marco Bizot and into the net. Lewandowski scored his side's third of the match in second-half stoppage time when he collected a driven pass into the penalty area from Alex Balde with one touch, before stroking the ball into the bottom-right corner with his second touch. The result means that Barca are now second with 12 points from their five outings in the Champions League and are just one point from first-placed Inter Milan. Meanwhile, Brest are ninth with 10 points but have the same amount of points as every team above them up until fifth-placed Bayer Leverkusen. Barca's Polish striker was awarded a penalty in the opening stages of the game when he was clattered by Brest goalkeeper Bizot after Dani Olmo crossed into the box, and Lewandowski calmly converted following a stuttered run up. While Martin's low delivery was excellent for Olmo's goal, the attacker deserves most of the credit given his close control inside the penalty area, though Bizot should have done better given the ball bounced off him and into the back of the net. Lewandowski demonstrated his immense composure in the box when he scored his second of the game, with the striker shielding the ball before swivelling his body and striking home. Brest goalkeeper Marco Bizot bizarrely fouls Robert Lewandowski when trying to claim a cross, and the Barca striker calmly converts the resulting penalty, slotting the ball to the right side of the net! Gerard Martin fires a low cross to Dani Olmo, who takes the ball while charging into the box, and his close control allows him to beat centre-back Brendan Chardonnet before he shoots at goal, scoring despite his effort striking goalkeeper Bizot! Alex Balde picks up the ball on the left of Brest's penalty area and finds Lewandowski in the box, and the striker controls the ball on his right foot in a central position before he swivels his hips and gently guides the ball into the bottom-right corner! Robert Lewandowski might be into his mid thirties, but the legendary striker proved once again that he still has so much to offer, scoring his 100th Champions League goal. Perhaps more impressive was the Polish striker's general play, with the forward always presenting himself as an option for teammates. The 36-year-old might no longer be the quickest, but he displayed his intelligence in and around the box against Brest, and the veteran was still able to contribute positively to Hansi Flick 's intense out of possession system. Possession: Barcelona 76%-24% Brest Shots: Barcelona 19-2 Brest Shots on target: Barcelona 8-0 Brest Corners: Barcelona 4-0 Brest Fouls: Barcelona 8-19 Brest Barcelona are set to take on Las Palmas on Saturday in La Liga, before playing Mallorca away from home in early December. As for Brest, they will host Strasbourg on November 30 in Ligue 1, with their subsequent match against Lille in the French top flight to come on December 6.Daniel Suddeath column: Trump struggled to get platform approved first time. Will new term be any different?
A charity organization, ITECH Vocational Charity, has graduated 80 individuals, including secondary school students trained in computer fundamentals and technology foundations. Speaking during the presentation of certificates to the graduates at the ITECH training center in Ilesa, Osun State, on Friday, the President of the organization, Adewale Ladesuyi, emphasized that the students have acquired skills enabling them to become self-reliant. “Today’s program demonstrates that Nigerian youngsters can achieve remarkable things when they put their minds to it. I encourage them not to relent but to keep improving on what they have learned. “We are training these individuals because we see a brighter future for them. While others may not realize it now, they will eventually appreciate the dividends of these acquired skills, and others will envy their success. “We have instilled honesty in them, making them understand that without honesty, progress is impossible. However, with honesty in action, the sky will be the starting point of their success.” ALSO READ: Reasons you should stop buying Asoebi The center manager, Mosaku Moyogbore, explained that the students were selected from three schools, with the organization placing a strong focus on grassroots development. He also noted that some teachers from the selected schools had been trained to impart knowledge to the graduating students. Additionally, he announced that new training programs had been introduced for interested students at the center. “Teachers from various schools have been trained to train their students, complementing our efforts at the center. “Today, we are graduating 80 students from St. Lawrence’s Grammar School, Iloko Model College, AFOPET College, and our center. The graduates include both younger and older individuals. “They have been trained in Computer Fundamentals, Tech Foundation, A+, Network+, Data+, Security+, and Helpdesk and Application Support. “We are also introducing new programs, including solar generator building, solar installation, mobile phone repairs, and computer engineering. These will be offered as six-month training programs,” he said. A Chief Lecturer at the Federal Polytechnic, Ede, Dr. Lawrence Ige Fagbohun, in his keynote address, urged the graduates to prepare for the challenges ahead and to continue seeking knowledge. “After the training, they need to go out and establish themselves. In doing so, they will face challenges, including those from the government, which cannot even provide adequate jobs. “Don’t be afraid to start small. When you start small, you grow big. They need to build relationships with competitors in business and continuously seek knowledge,” he advised.