
SAN DIEGO, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a class action was filed on behalf of all persons and entities that purchased or otherwise acquired Xerox Holdings Corporation (NASDAQ: XRX) securities between January 25, 2024 and October 28, 2024. Xerox and its subsidiaries offer workplace technology that integrates hardware, services, and software for enterprises in the Americas, and internationally. 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 Xerox Holdings Corporation (XRX) Misled Investors Regarding its Business Prospects According to the complaint, during the class period, defendants failed to disclose to investors that: (1) after a large workforce reduction, the Company’s salesforce was reorganized with new territory assignments and account coverage; (2) as a result, the Company’s salesforce productivity was disrupted; (3) as a result, the Company had a lower rate of sell-through of older products; (4) the difficulties in flushing out older product would delay the launch of key products; and (5) therefore, Xerox was likely to experience lower sales and revenue. Plaintiff alleges that on October 29, 2024, Xerox revealed “lower-than-expected improvements in sales force productivity” and “delays in the global launch of two new products” had led to “sales underperformance.” The Company disclosed that for third quarter 2024, quarterly revenue was down 7.5% year-over-year to $1.53 billion, net loss fell to -$1.2 billion (down $1.3 billion year-over-year), and equipment sales declined 12.2% year over year to $339 million. In a corresponding earnings call, the Company’s COO revealed the product delay was in fact a “forecasting issue” where the Company “had higher expectations that we were going to flush through the older product” which it needed to “sell through” in order to “make those transitions.” On this news, the Company’s share price fell $1.79, or 17.41%, to close at $8.49 per share on October 29, 2024. What Now : You may be eligible to participate in the class action against Xerox Holdings Corporation. Shareholders who want to serve as lead plaintiff for the class must submit their application to the court by January 21, 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 Xerox Holdings Corporation 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/513fb6e4-a34e-4150-8fe5-2c133087d380After a sprawling hacking campaign exposed the communications of an unknown number of Americans, U.S. cybersecurity officials are advising people to use encryption in their communications. To safeguard against the risks highlighted by the campaign, which originated in China, federal cybersecurity authorities released an extensive list of security recommendations for U.S. telecom companies — such as Verizon and AT&T — that were targeted. The advice includes one tip we can all put into practice with our phones: “Ensure that traffic is end-to-end encrypted to the maximum extent possible.” End-to-end encryption, also known as E2EE, means that messages are scrambled so that only the sender and recipient can see them. If anyone else intercepts the message, all they will see is garble that can't be unscrambled without the key. Law enforcement officials had until now resisted this type of encryption because it means the technology companies themselves won't be able to look at the messages, nor respond to law enforcement requests to turn the data over. Here's a look at various ways ordinary consumers can use end-to-end encryption: Texting Officials said the hackers targeted the metadata of a large number of customers, including information on the dates, times and recipients of calls and texts. They also managed to see the content from texts from a much smaller number of victims. If you're an iPhone user, information in text messages that you send to someone else who also has an iPhone will be encrypted end-to-end. Just look for the blue text bubbles, which indicate that they are encrypted iMessages. The same goes for Android users sending texts through Google Messages. There will be a lock next to the timestamp on each message to indicate the encryption is on. But there's a weakness. When iPhone and Android users text each other, the messages are encrypted only using Rich Communication Services, an industry standard for instant messaging that replaces the older SMS and MMS standards. Apple has noted that RCS messages “aren’t end-to-end encrypted, which means they’re not protected from a third party reading them while they’re sent between devices.” Samsung, which sells Android smartphones, has also hinted at the issue in a footnote at the bottom of a press release last month on RCS, saying, “Encryption only available for Android to Android communication.” Chat apps To avoid getting caught out when trading texts, experts recommend using encrypted messaging apps. Privacy advocates are big fans of Signal, which applies end-to-end encryption to all messages and voice calls. The independent nonprofit group behind the app promises never to sell, rent or lease customer data and has made its source code publicly available so that it can be audited by anyone to examine it “for security and correctness.” Signal's encryption protocol is so reputable that it has been integrated into rival WhatsApp, so users will enjoy the same level of security protection as Signal, which has a much smaller user base. End-to-end encryption is also the default mode for Facebook Messenger, which like WhatsApp is owned by Meta Platforms. What about Telegram? Telegram is an app that can be used for one-on-one conversations, group chats and broadcast “channels" but contrary to popular perception, it doesn't turn on end-to-end encryption by default. Users have to switch on the option. And it doesn’t work with group chats. Cybersecurity experts have warned people against using Telegram for private communications and pointed out that only its opt-in ‘secret chat’ feature is encrypted from end-to-end. The app also has a reputation for being a haven for scammers and criminal activity, highlighted by founder and CEO Pavel Durov's arrest in France. Making calls Instead of using your phone to make calls through a wireless cellular network, you can make voice calls with Signal and WhatsApp. Both apps encrypt calls with the same technology that they use to encrypt messages. There are other options. If you have an iPhone you can use Facetime for calls, while Android owners can use the Google Fi service, which are both end-to-end encrypted. The only catch with all these options is that, as with using the chat services to send messages, the person on the other end will also have to have the app installed. WhatsApp and Signal users can customize their privacy preferences in the settings, including hiding an IP address during calls to prevent your general location from being guessed.
As soon as the current government in Khyber-Pakhtunkhwa assumed power, it promised to improve the law-and-order situation in the province by eliminating the threat of terrorism and promoting economic activities as their first priority. However, in spite of the tall claims, terrorism continued to remain a menacing challenge for the law enforcement agencies, who failed to protect the peace of the land. According to data obtained from the Counter Terrorism Department (CTD) for 2024, the majority of terrorist attacks were carried out in the southern districts of the province including Dera Ismail Khan, Lucky Marwat, Bannu, Tank, Kohat, North Waziristan, South Waziristan, Khyber, Bajaur and Peshawar. A 20.7 per cent increase was observed in cases of terrorism, which rose from 530 incidents in 2023 to a total of 640 incidents this year, with the highest number, around 300, reported from Dera Ismail Khan, the hometown of the Chief Minister. Sources of The Express Tribune from within the CTD K-P revealed that the police had nearly abandoned the practice of patrolling the police stations after sunset in the southern districts, where terrorist activities against both civilians and armed personnel were on the rise. Out of all the incidents, 355 incidents involved firing and target killing by terrorists, 113 involved the use of improvised explosive devices (IED) against security forces, political figures, officials, police, and other government institutions while six others were suicide attacks. The heinous incidents claimed the lives of 275 people including 142 police personnel and 133 civilians while 214 police officers and 246 civilians were injured in the activities of the militants. Commenting on the deteriorating law-and-order situation in the province and tribal areas, Dr Khurram Iqbal, an expert in security affairs and a PhD in Counter-Terrorism and Security from Australia, while talking to The Express Tribune, believed that the tug of war between the federal and provincial governments had destabilized the maintenance of peace in the southern districts of Khyber-Pakhtunkhwa. “In 2024, terrorism once again observed a regrettable surge as a direct consequence of the failed governance system in the province. The PTI and federal government neglected security in the province in favour of a larger political agenda, whereby the politicization of terrorism instigated confusion among the law enforcement agencies. This entailed serious strategic consequences whilst affecting the operational capabilities of these forces,” said Dr Iqbal. Dr Iqbal further opined that in order to deal with the problem of Tehreek-e-Taliban Pakistan (TTP)'s cross-border sanctuaries, both the federal and provincial governments must take a united stand vis a vis Afghanistan for ensuring lasting peace. “This year, a suicide attack targeted Chinese citizens travelling in a bus in the Malakand district of Khyber-Pakhtunkhwa. While the targeting of foreign convoys remains a major form of terrorism, attacks on police with thermal technology in Peshawar, Khyber, DI Khan and southern districts also complicates the maintenance of law-and-order for the police,” claimed Dr Iqbal. On the other hand, Peshawar Police Chief Capital Police Officer (CCPO) Qasim Ali Khan felt that although the security threat was still prevalent, CTD and the police were trying their best. “The network involved in the Peshawar police line blast was busted this year while major target killers and suspects involved in terrorism were also arrested,” assured Khan, who believed that with the use of technology the province could overcome the challenge of terrorism in a better way. Reportedly, the provincial government has given a special grant of Rs3 billion to the police to purchase modern equipment, bullet-proof vehicles and arms to fight terrorism. However, far from decreasing, terrorist activity has only increased in K-P. According to CTD data, 739 terrorists were arrested this year, including 29 who were on the most wanted list. Moreover, the police and other law enforcement agencies conducted 2,981 intelligence-based operations during which 246 terrorists were killed. COMMENTS Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our
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Aneesah Morrow had 20 points and 18 rebounds as No. 6 LSU rallied to an 83-61 victory over Albany.Krispy Kreme’s Minnesota Comeback In case you haven’t heard: Krispy Kreme is coming back to Minnesota early next year after exiting the market nearly 20 years ago. The North Carolina-based donut maker is opening up a retail and dine-in location with a drive-thru in Fridley, but it’ll primarily be a donut production factory for its product to be sold at ancillary locations, such as other restaurants and retail stores. Despite when Krispy Kreme first came to the state in 2002, the donut company abruptly shut down its Minnesota location in Maple Grove just six years later. So, what happened then, and why is the donut maker coming back now? According to Jonathan Maze, editor-in-chief at , it was an issue of “overestimation.” Krispy Kreme has developed a cult-like reputation for its glazed donuts. The iconic brand and the scarcity of Krispy Kreme in Minnesota is what drove first-week sales of more than $480,000 at its Maple Grove location in 2002. But once that novelty wears off, what happens? “The mistake that [Krispy Kreme] made was in assuming that it going to be able to generate and keep generating those sales from those existing locations,” said Maze. You can only eat donuts so many times, he added, unlike coffee which is often purchased repeatedly throughout the week. Krispy Kreme is also one of the few donut chains that makes its donuts fresh in-house, but donuts have a low shelf-life and usually aren’t as good on day two, said Maze. Freshly baked donuts vary with Dunkin’ locations, for example, which can help keep costs low. Although Krispy Kreme did sell some donuts at ancillary locations like gas stations, it wasn’t enough to sustain the brand in Minnesota. “It had a tough time paying for these [Krispy Kreme stores] because they’re really expensive, and you needed really strong sales to be able to pay for those giant donut balances,” said Maze. In 2008, Krispy Kreme was struggling, and not just in Minnesota. , which also caused Krispy Kreme stock to fall. There was also a health movement at the time, where Krispy Kreme along with other fast food chains switched out ingredients for more healthy alternatives. “Krispy Kreme had to pull back massively. It exited a ton of markets, Minneapolis included, and the result is we lost our Krispy Kreme, and it never really came back,” he said. In early 2024, Krispy Kreme and McDonald’s announced an where the latter will begin selling Krispy’s donuts in its restaurants. A phased market rollout has already begun, and nationwide availability at participating restaurants is expected at the end of 2026. This partnership is what’s helping fuel Krispy Kreme’s return to the Minnesota market. “Essentially, Krispy Kreme created a hub-and-spoke model where it just opens a smaller number of these giant donut palaces and then it uses these donut facilities to ship donuts every day to ancillary sites,” said Maze, adding that the company piloted out the model successfully in the United Kingdom. Krispy Kreme calls it the Delivered Fresh Daily (DFD) door expansion, which it began heavily rolling out in the U.S. in 2022. The new McDonald’s partnership is accelerating that initiative, and it appears to be working so far. In 2024, the company had a —a positive net income after three consecutive years of losses and its first positive quarter this year. That’s why Krispy Kreme is taking over a former CVS location in Fridley. It’s right near Interstate 694, making it more accessible for quick transportation to ancillary sites. Currently, Fridley is still waiting on a contractor to be selected to issue the building permit for the Krispy Kreme store, according to Stacy Stromberg, planning manager for the city of Fridley. Maze also predicts the Fridley location will be Krispy Kreme’s only Minnesota location, applying lesson learned by making its product still somewhat limited. “Krispy Kreme has quietly done a really good job of figuring this out,” he said. “It’s perfected this hub-and-spoke model.” Krispy Kreme’s reentrance will likely be met with much excitement. That glazed donut hype is what drove one enterprising Minnesota college student to drive across state lines to Iowa—the nearest Krispy Kreme location—to pick up . Maze also added that he doesn’t think the Fridley location will do any damage to other existing donut brands in Minnesota, but actually generate more demand. “Krispy Kreme is gonna get us all thinking about donuts for a while,” he said.
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Signing with Dodgers was really easy decision for 2-time Cy Young winner Blake SnellChris Ryan/OJO Images via Getty Images TMSL strategy T. Rowe Price Small-Mid Cap ETF ( NYSEARCA: TMSL ) is an actively managed, multifactor ETF launched on 6/14/2023 with an objective of long-term capital growth. It has 276 holdings, a 30-day SEC yield of Quantitative Risk & Value (QRV) provides you with risk indicators and data-driven, time-tested strategies. Get started with a two-week free trial now. Fred Piard, PhD. is a quantitative analyst and IT professional with over 30 years of experience working in technology. He is the author of three books and has been investing in data-driven systematic strategies since 2010. Quantitative Risk & Value Learn more Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.