As Ford Motor Co.’s upscale brand has had some hurdles in recent years, recently with new releases and lackluster profits, The Lincoln Nautilus arrives in Grasso’s Garage with a bang. Wrapped in beautiful Blue Panther Metallic paint, our Nautilus AWD Black Label tester was appealing to onlookers and riders congruently. On the inside, the Nautilus [...]SAN RAMON, Calif. (AP) — SAN RAMON, Calif. (AP) — The Cooper Companies (COO) on Thursday reported fiscal fourth-quarter profit of $117.5 million. The San Ramon, California-based company said it had net income of 58 cents per share. Earnings, adjusted for non-recurring costs, were $1.04 per share. The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1 per share. The surgical and contact lens products maker posted revenue of $1.02 billion in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $1.03 billion. The Cooper Companies expects full-year earnings in the range of $3.92 to $4.02 per share, with revenue in the range of $4.08 billion to $4.16 billion. This story was generated by Automated Insights ( http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on COO at https://www.zacks.com/ap/COO
North Dakota regulators OK underground storage for proposed Midwest carbon dioxide pipeline BISMARCK, N.D. Jack Dura And Steve Karnowski, The Associated Press Dec 12, 2024 3:18 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message North Dakota Republican Gov. Doug Burgum, right, and Republican state Agriculture Commissioner Doug Goehring, left, prepare before a meeting of the state Industrial Commission on Thursday, Dec. 12, 2024, at the state Capitol in Bismarck, N.D. (AP Photo/Jack Dura) BISMARCK, N.D. (AP) — North Dakota regulators approved permits Thursday for underground storage of carbon dioxide delivered through a massive pipeline proposed for the Midwest, marking another victory for a project that has drawn fierce opposition from landowners. The governor-led Industrial Commission voted unanimously to approve permits for Summit Carbon Solutions’ three proposed storage sites in central North Dakota. Summit says construction of the project would begin in 2026 with operations beginning in 2027, but it’s expected that resistant landowners will file lawsuits seeking to block the storage plans. “With these permits, we’re one step closer to providing vital infrastructure that benefits farmers, ethanol producers, and communities across the Midwest," Summit Executive VP Wade Boeshans said in a statement. Summit’s proposed 2,500-mile (4,023-kilometer), $8 billion pipeline would transport planet-warming CO2 emissions from 57 ethanol plants in North Dakota, South Dakota, Iowa, Minnesota and Nebraska for underground storage. Carbon dioxide would move through the pipeline in a pressurized form to be injected deep underground into a rock formation. The company has permits for its route in North Dakota and Iowa but can’t yet begin construction. Also on Thursday, Minnesota regulators approved a permit for a 28-mile (45-kilometer) leg of the project in western Minnesota. Summit also recently applied in South Dakota, where regulators denied the company’s previous application last year. Last month, the company gained approval for its North Dakota route , and Iowa regulators also have given conditional approval. Summit faces several lawsuits related to the project, including a North Dakota Supreme Court appeal over a property rights law related to the underground storage plan. Further court challenges are likely. North Dakota Republican Gov. Doug Burgum, who chairs the Industrial Commission, is President-elect Donald Trump's choice for Interior Secretary and to lead a new National Energy Council. Burgum has frequently touted North Dakota's underground carbon dioxide storage as a “geologic jackpot.” In 2021, he set a goal for the No. 3 oil-producing state to be carbon-neutral by 2030. His term ends Saturday. Summit's storage facilities would hold an estimated maximum of 352 million metric tons of CO2 over 20 years. The pipeline would carry up to 18 million metric tons of CO2 per year to be injected about 1 mile (1.6 kilometers) underground, according to an application fact sheet. Jessie Stolark, who leads a group that supports the project and includes Summit, said the oil industry has long used similar technology. “We know that this can be done safely in a manner that is protective of human health and underground sources of drinking water,” said Stolark, executive director of the Carbon Capture Coalition. Summit's project has drawn the ire of landowners around the region. They oppose the potential taking of their property for the pipeline and fear a pipeline rupture releasing a cloud of heavy, hazardous gas over the land. A North Dakota landowners group is challenging a property rights law related to the underground storage, and attorney Derrick Braaten said they likely would challenge the granting of permits. “The landowners that I'm working with aren't necessarily opposed to carbon sequestration itself,” Braaten said. “They're opposed to the idea that a private company can come in and use their property without having to negotiate with them or pay them just compensation for taking their private property and using it.” Carbon capture projects such as Summit's are eligible for lucrative federal tax credits intended to encourage cleaner-burning ethanol and potentially result in corn-based ethanol being refined into jet fuel. Some opponents argue the amount of greenhouse gases sequestered through the process would make little difference and could lead farmers to grow more corn despite environmental concerns about the crop. In Minnesota, regulators granted a route permit that would connect an ethanol plant in Fergus Falls to Summit’s broader network. They attached several conditions, including requirements that Summit first begin construction in North Dakota. An administrative law judge who conducted hearings concluded in November that the environmental impacts from the Minnesota segment would be minimal and noted that Summit has secured agreements from landowners along most of the recommended route. Environmental groups that oppose the project disputed the judge’s finding that the project would have a net benefit for the environment. Iowa regulators required Summit to obtain approvals for routes in the Dakotas and underground storage in North Dakota before it can begin construction in Iowa. The Iowa Utilities Commission's approval sparked lawsuits related to the project. In Nebraska, where there is no state regulatory process for CO2 pipelines, Summit is working with individual counties to advance its project. At least one county has denied a permit. ___ Karnowski reported from Minneapolis. Jack Dura And Steve Karnowski, The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More World News Israeli strike in Gaza kills 25 people as US makes new push for a ceasefire Dec 12, 2024 12:28 PM Israeli strike in central Gaza kills at least 25 people Dec 12, 2024 12:18 PM The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds Dec 12, 2024 10:07 AM Featured FlyerBrookfield Asset Management Ltd. Cl A stock falls Monday, still outperforms market
Kunlavut Vitidsarn will battle Jonatan Christie in the final Group B match on Friday with a place in the men's singles semi-finals of the season-ending BWF World Tour Finals in Hangzhou, China, at stake. Kunlavut lost to Shi Yuqi 21-14, 19-21, 23-25 in the second group match on Thursday as the Chinese star became the first player to qualify for the last four of the men's singles event at the Hangzhou Olympic Sports Center Gymnasium. World champion and Olympic silver medallist Kunlavut, who now has one win and one loss in Group B, will need to beat Christie of Indonesia in a winner-takes-all clash today to join Shi in the semi-finals of the US$2.5 million tournament. Christie rebounded from his opening loss to Shi on Wednesday as he beat Kodai Naraoka of Japan 21-12, 21-11, sending the Japanese star tumbling out after two successive losses. Shi will play Naraoka on Friday. Women's singles hopes Supanida Katethong and Busanan Ongbamrungphan suffered their second defeats on Thursday. Finals debutant Supanida was beaten by China's Han Yue 16-21, 18-21 in a Group B clash. The left-hander also lost to South Korea's An Se-Young in her opening match on Wednesday. In Group A, Busanan put up a brave fight against Gregoria Mariska Tunjung before falling to the Indonesian star in three games, 21-10, 10-21, 11-21. Busanan lost her opening match to China's Wang Zhiyi 19-21, 14-21 on Wednesday. Japan's Aya Ohori beat China's Wang Zhiyi 21-17, 13-21, 21-19 in the other Group A match on Thursday. Supanida will play Japan's Akane Yamaguchi while Busanan will meet Ohori in their final group matches on Friday. Tunjung will face Wang in the final group match, with the winner joining Ohori in the semi-finals.'Many' suspects in resort land case
CHY stock touches 52-week high at $12.39 amid market optimismST. PAUL, Minn. (AP) — Hope Adebayo rushed for 123 yards and two scores, Tak Tateoka threw a touchdown pass and St. Thomas-Minnesota rolled to a 32-9 victory over Dayton on Saturday in a season finale. Dayton scored first on a 24-yard field goal by Danny Baker, but the Tommies (6-6, 5-3 Pioneer Football League) responded with 25 unanswered points on its way to a 22-point advantage at halftime. Adebayo gave the Tommies the lead with an 11-yard touchdown run. Tateoka connected with Colin Chase for a 42-yard score and a 14-3 lead early in the second quarter. Ryan Calcagno returned a fumble 34 yards for a touchdown and senior defensive back Grif Wurtz ran it in for the two-point conversion. Ben Holland kicked a 31-yard field goal with 68 seconds left before intermission. Adebayo bulled his way into the end zone on the first play of the fourth quarter to up the Tommies' lead to 32-3. Drew VanVleet threw a 13-yard touchdown pass to Jake Coleman late to complete the scoring for the Flyers (6-5, 4-4). Tateoka completed 12 of 21 passes for 136 yards with one interception for St. Thomas-Minnesota. Adebayo did his damage on 22 carries. Chase finished with seven receptions for 101 yards. VanVleet totaled 198 yards on 23-for-43 passing with three interceptions. Coleman caught 10 passes for 107 yards. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football
WA Day Festival attendees can meet their favourite 7NEWS presenters and get a chance to win Scorchers ticketsNEW YORK (AP) — Ayden Pereira rushed for 136 yards on 17 carries and threw for a touchdown and Merrimack's defense smothered Fordham 19-3 in a season finale. Jay Thompson had three solo sacks and was credited with four of Merrimack’s 11 sacks. The Rams (2-10) finished with just four first downs and were held to minus-29 yards rushing and 31 total yards offense. The Warriors (5-6) also made two interceptions. Pereira was 12-of-15 passing for 131 yards, connecting with Jalen McDonald for a 12-yard touchdown and a 16-3 lead late in the third quarter. Lliam Davis's field goal made it 19-3 in the fourth quarter. After Kendal Sims blocked a Fordham punt out of the end zone for a safety, Jermaine Corbett went over from a yard out for a 9-0 lead in the first quarter. Bennett Henderson had Fordham's only points with a 43-yard field goal. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football . Sign up for the AP’s college football newsletter: https://apnews.com/cfbtop25
Earnings Breakdown: Petco Health and Wellness Q3
NoneGULFPORT, Miss.--(BUSINESS WIRE)--Dec 12, 2024-- Hancock Whitney Corporation (Nasdaq: HWC) today announced that at its December meeting, the Company’s Board of Directors (“the Board”) authorized a stock buyback program (the “Stock Buyback Program”) pursuant to which the Company may, from time to time, purchase up to 5% of the shares of Company common stock outstanding as of December 31, 2024, replacing the previous stock buyback program that expires on December 31, 2024. The Stock Buyback Program is effective on January 1, 2025 and expires on December 31, 2026. The shares may be repurchased in the open market, by block purchase, through accelerated share repurchase plans, in privately negotiated transactions or otherwise, in one or more transactions, from time to time, depending upon market conditions and other factors, and in accordance with applicable regulations of the Securities and Exchange Commission. The Stock Buyback Program may be terminated or amended by the Board at any time prior to the expiration date. About Hancock Whitney Since the late 1800s, Hancock Whitney has embodied core values of Honor & Integrity, Strength & Stability, Commitment to Service, Teamwork, and Personal Responsibility. Hancock Whitney offices and financial centers in Mississippi, Alabama, Florida, Louisiana, and Texas offer comprehensive financial products and services, including traditional and online banking; commercial and small business banking; private banking; trust and investment services; healthcare banking; and mortgage services. The company also operates a loan production office in Nashville, Tennessee. More information is available at www.hancockwhitney.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241212994097/en/ CONTACT: For more information Kathryn Shrout Mistich, VP, Investor Relations Manager 504.539.7836 orkathryn.mistich@hancockwhitney.com KEYWORD: MISSISSIPPI TEXAS UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: BANKING ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: Hancock Whitney Copyright Business Wire 2024. PUB: 12/12/2024 05:00 PM/DISC: 12/12/2024 05:00 PM http://www.businesswire.com/news/home/20241212994097/en
Many of President-elect Donald Trump's Cabinet nominees don't have the gravitas or institutional experience in dealing with giant bureaucracies to serve eff ectively, critics say. That whining you hear is the sound of progress. Trump, who spent his business career in real estate taking a wrecking ball to what doesn't work and then building luxury in its place, staked his campaign message to American voters on the need to do the same with Washington. You're not going to get renewal and reform from Cabinet appointees who figure that the place looks good overall but just maybe needs a little bit of paint. You need human bulldozers. One of the few nominees that the establishment actually accepts proves the rule: Florida Sen. Marco Rubio as secretary of state. Even Democrats have said he's a viable candidate for the job because he knows the ropes. Which is really just another way of saying he's on board with the bipartisan neocon talking points that don't distinguish between Republican and Democrat positions much , underscoring the need for an anti-establishment force that's skeptical of both establishment parties and whatever systemic corruption underpins some head-scratching consensus. A tweet from October 2015 by Trump speaks volumes about why he may have chosen Rubio. "Sheldon Adelson is looking to give big dollars to Rubio because he feels he can mold him into his perfect little puppet," Trump wrote, referring to the late top Republican donor and passionate Israel advocate. Trump clearly doesn't see Rubio as a leash-biter. Perhaps Trump also imagines him being a go-between who can translate Trump's MAGA world view to all the swamp critters at the State Department. Same with Elise Stefanik, the New York congresswoman nominated to be Trump's United Nations ambassador, who already seems to be working on her MAGA fluency after many years of speaking only neocon. Fox News host and veteran Pete Hegseth as secretary of defense immediately triggered personal witch hunts related to everything from his tattoos to his personal life, with criticism suggesting he doesn't have the chops to lead one of the biggest bureaucracies in the country at the Pentagon. How much worse can the guy do, really? The Pentagon wargamed its chances against Russia and China, and it lost. It's also losing the war that it's piloting in Ukraine against Russia. What is the establishment worried that Hegseth would ruin, besides maybe the morale of a few paperclip Purple Hearts in the bureaucratic brigade? The main concern about Trump's director of national intelligence pick, Army reservist and former Congresswoman Tulsi Gabbard, would be that Russian President Vladimir Putin would be running the U.S. intelligence community. This is all because she hasn't swallowed the standard talking points and has been open to considering all sources and types of information and analysis, which is actually the definition of intelligence gathering. Perhaps under Gabbard the U.S. will spend less time setting fires in foreign countries as an excuse to rush in and put them out. Robert F. Kennedy Jr. is Trump's choice for secretary of health and human services. Kennedy, whose environmental law career involved suing industrial polluters, would be the first Big Pharma and medical-industry skeptic to hold the position at a time when the U.S. has become synonymous with pharmaceutical profiteering and obesity. Trump's nominee for attorney general, former Congressman Matt Gaetz of Florida, withdrew his name from consideration amid accusations of sexual misconduct. Much has been made of Gaetz not even practicing law despite having a law degree. I'm pretty sure he didn't need one to recognize and end witch hunts dressed up as justice. America's problems won't be solved by slight variations of the same sort of people who created them. Trump was elected as a giant middle finger to the system. This Cabinet is just the rest of the hand, winding up for some long-overdue spankings. Marsden writes for Tribune Content Agency: rachelmarsden.com . Get local news delivered to your inbox!Indiana got what it wanted Tuesday night in a 97-71 rout of Sam Houston State -- a lopsided victory where its bench played well and it didn't have to go down to the wire. The Hoosiers will look for more of the same Friday night in Bloomington when they continue their homestand against nonconference foe Miami (Ohio). Four players scored in double figures for Indiana (6-2) against the Bearkats, including 18 from reserve Luke Goode. The Illinois transfer hit four 3-pointers in less than four minutes of the first half, enabling the Hoosiers to take a 34-12 lead. Led by Goode, Indiana's bench contributed a whopping 36 points. "I thought it was a total team effort on everybody's part," Hoosiers coach Mike Woodson said. "Helps when your bench come off and play the way they did. Goode was fantastic but everybody off the bench played well." Indiana also got an encouraging 19-point performance from point guard Myles Rice, who struggled a bit in the first seven games in terms of making shots and running the offense. Rice (11.1 ppg) is one of four double-figure scorers in an attack led by Mackenzie Mgbako (16.8). Meanwhile, the RedHawks (5-2) are coming off a 73-60 home win Monday against Air Force. Bellarmine transfer Peter Suder poured in a career-high 42 points on 17-of-21 shooting, the highest-scoring game in program history since Wally Szczerbiak scored 43 in 1999. Suder, who averaged 10.5 ppg as a sophomore last season, is up to 17.4 ppg this season. He's hitting 58.8 percent of his field goals while also chipping in 4.0 rebounds, 3.0 assists and 1.6 steals. "I always say players win games, man. Coaches lose games," Miami coach Travis Steele told the Journal-News. "Peter was phenomenal. It was just get out of the way and just let him go." Forward Kam Craft, who Steele landed out of high school when he was still coaching at Xavier, is the RedHawks' second-leading scorer at 14.1 ppg. The Hoosiers have won 22 of the previous 25 meetings, including an 86-56 rout two years ago in Indianapolis. --Field Level Media
NEW YORK (AP) — Ayden Pereira rushed for 136 yards on 17 carries and threw for a touchdown and Merrimack's defense smothered Fordham 19-3 in a season finale. Jay Thompson had three solo sacks and was credited with four of Merrimack’s 11 sacks. The Rams (2-10) finished with just four first downs and were held to minus-29 yards rushing and 31 total yards offense. The Warriors (5-6) also made two interceptions. Pereira was 12-of-15 passing for 131 yards, connecting with Jalen McDonald for a 12-yard touchdown and a 16-3 lead late in the third quarter. Lliam Davis's field goal made it 19-3 in the fourth quarter. After Kendal Sims blocked a Fordham punt out of the end zone for a safety, Jermaine Corbett went over from a yard out for a 9-0 lead in the first quarter. Bennett Henderson had Fordham's only points with a 43-yard field goal. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football . Sign up for the AP’s college football newsletter: https://apnews.com/cfbtop25Democrat Jamie Raskin is running for top Judiciary post in bid to counter TrumpLOS ANGELES — The late start of the Rams’ Sunday night game against the Philadelphia Eagles will give the team a chance to do some scoreboard watching. Or even watch a couple of early games. Not all of the players and coaches will take advantage. Sean McVay will before he heads to SoFi Stadium. Puka Nacua doesn’t want to exert his emotional energy on someone else’s game. But no matter closely they are paying attention to it, every result across the NFC West is of significance to the Rams this weekend, and for the six weeks that come after this. At 5-5, the Rams are in a three-way tie with the San Francisco 49ers and Seattle Seahawks for second in the NFC West. The Arizona Cardinals sit in first at 6-4. As things stand, this is looking like a one-playoff team division. So some Rams will at the very least keep an eye on how the game between the Seahawks and Cardinals goes, or how the 49ers do on the road against the Packers without quarterback Brock Purdy. But not all. “I’m solely focused on what we have to do this week,” quarterback Matthew Stafford said. “None of that stuff matters if we don’t take care of our own business. I know that’s our mindset here. Just do everything that we can to give ourselves the best chance to win week in and week out and figure it out from there.” And given the competition this weekend against an Eagles (8-2) team that beat the Rams a year ago and has since added a preeminent defensive mind to its fold, you can understand the emphasis on the task at hand. After last season, the Eagles underwent a transition. Head coach Nick Sirianni remained, but he replaced both his coordinators. Kellen Moore has helped reenergize the offense, along with the addition of running back Saquon Barkley . And Vic Fangio has the Eagles’ defense performing among the best in the NFL. Fangio is a familiar figure from McVay’s and the Rams’ past. He was the defensive coordinator for the Bears in 2018 when Chicago stunned the high-flying Rams by holding them to two field goals in a 15-6 loss. Then-QB Jared Goff threw four interceptions in that game, the Rams were limited to 52 rushing yards and went 4 for 15 on third and fourth downs. The Rams had been held below 29 points just once prior to that point in the season, and that was still a 23-point performance in a win. And they had not failed to surpass 300 yards of offense in the 12 prior games, but found themselves with just 214 yards that day at Soldier Field. It was a performance that would not be replicated again until the New England Patriots used it as a model in their Super Bowl LIII win over the Rams later that season. Now Fangio is back on the opposite sideline from McVay, again with a formidable challenge for the Rams. “The biggest thing that I would say that makes Vic a great coach is he’s going to adjust, adapt, and figure out what is going to be best given the circumstances,” McVay said. “There’s still a foundational philosophy. There’s a way of making people play in an understanding of how to try to limit what people are trying to get done and the illusion of what it really looks like and that is on display.” The Rams’ offense rediscovered its identity for parts of last week’s win over the Patriots . Stafford’s connection with Nacua and Cooper Kupp powered things, while the offensive line kept him upright and running back Kyren Williams moving forward. But for the Rams to take advantage of the clustered NFC West, they need to prove they can consistently put together games like that. And doing so against this Eagles team under this spotlight would go a long way toward propelling the team toward a playoff spot. “You work all training camp and all in the beginning of the season to get to points like this. You’re still in your divisional race and you’re playing a primetime opponent on a big stage,” Stafford said. “It’ll be a big challenge for us at home. We’ll see if we can go out there and give them a good shot.” When: 5:20 p.m. Sunday Where: SoFi Stadium TV/Radio: NBC/710 AM; 93.1 FM; 1330 AM (Spanish); Sirius 225, 226
Swiss National Bank cut its holdings in Applied Industrial Technologies, Inc. ( NYSE:AIT – Free Report ) by 0.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,400 shares of the industrial products company’s stock after selling 700 shares during the quarter. Swiss National Bank owned approximately 0.20% of Applied Industrial Technologies worth $16,824,000 as of its most recent SEC filing. A number of other hedge funds also recently added to or reduced their stakes in AIT. Dundas Partners LLP purchased a new stake in Applied Industrial Technologies in the second quarter worth about $46,805,000. Fiera Capital Corp lifted its position in shares of Applied Industrial Technologies by 456.3% during the third quarter. Fiera Capital Corp now owns 130,895 shares of the industrial products company’s stock valued at $29,207,000 after buying an additional 107,365 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Applied Industrial Technologies during the third quarter valued at about $213,590,000. F M Investments LLC purchased a new stake in shares of Applied Industrial Technologies during the second quarter valued at about $15,690,000. Finally, New York State Common Retirement Fund lifted its position in shares of Applied Industrial Technologies by 65.6% during the third quarter. New York State Common Retirement Fund now owns 144,621 shares of the industrial products company’s stock valued at $32,269,000 after buying an additional 57,283 shares during the last quarter. 93.52% of the stock is owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades Several analysts have commented on AIT shares. Loop Capital increased their price target on shares of Applied Industrial Technologies from $230.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Bank of America increased their price target on shares of Applied Industrial Technologies from $232.00 to $240.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Mizuho initiated coverage on shares of Applied Industrial Technologies in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $285.00 price target for the company. Robert W. Baird upped their price objective on shares of Applied Industrial Technologies from $210.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, StockNews.com upgraded shares of Applied Industrial Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $267.86. Insider Buying and Selling In other news, VP Kurt W. Loring sold 4,858 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $203.10, for a total transaction of $986,659.80. Following the sale, the vice president now owns 19,315 shares of the company’s stock, valued at $3,922,876.50. This trade represents a 20.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . 1.67% of the stock is owned by corporate insiders. Applied Industrial Technologies Price Performance Shares of NYSE:AIT opened at $277.10 on Friday. Applied Industrial Technologies, Inc. has a twelve month low of $155.47 and a twelve month high of $277.63. The company’s 50 day moving average is $235.64 and its 200 day moving average is $210.38. The company has a current ratio of 3.78, a quick ratio of 2.74 and a debt-to-equity ratio of 0.33. The company has a market cap of $10.65 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 3.65 and a beta of 1.03. Applied Industrial Technologies ( NYSE:AIT – Get Free Report ) last issued its quarterly earnings results on Thursday, October 24th. The industrial products company reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.11. Applied Industrial Technologies had a net margin of 8.57% and a return on equity of 22.68%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company earned $2.39 EPS. Applied Industrial Technologies’s quarterly revenue was up .3% on a year-over-year basis. On average, sell-side analysts forecast that Applied Industrial Technologies, Inc. will post 9.76 EPS for the current year. Applied Industrial Technologies Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.37 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.48 annualized dividend and a yield of 0.53%. Applied Industrial Technologies’s dividend payout ratio (DPR) is presently 15.10%. Applied Industrial Technologies Company Profile ( Free Report ) Applied Industrial Technologies, Inc distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. It operates in two segments, Service Center Based Distribution, and Engineered Solutions. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, automation solutions, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, filtration supplies, as well as other related supplies for general operational needs of customers' machinery and equipment. Read More Receive News & Ratings for Applied Industrial Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Industrial Technologies and related companies with MarketBeat.com's FREE daily email newsletter .
Teck Resources Ltd. Cl B stock falls Thursday, underperforms marketNone
ATLANTA , Dec. 12, 2024 /PRNewswire/ -- Cousins Properties Incorporated (the "Company" or "Cousins") (NYSE:CUZ) announced today that its operating partnership, Cousins Properties LP (the "Operating Partnership"), has priced an offering of $400 million aggregate principal amount of 5.375% senior unsecured notes due 2032 at 99.463% of the principal amount. The offering is expected to close on December 17, 2024 , subject to the satisfaction of customary closing conditions. Cousins intends to use the net proceeds from the offering to fund a portion of the purchase price of 601 West 2nd Street, also known as Sail Tower, an 804,000 square foot trophy lifestyle office property in Austin (the "Sail Tower Acquisition"), and the remainder to repay borrowings under its credit facility and for general corporate purposes. In the event the Sail Tower Acquisition is not completed, Cousins will use the net proceeds from the offering for general corporate purposes, including the acquisition and development of office properties, other opportunistic investments and the repayment of debt. The notes will be fully and unconditionally guaranteed on a senior unsecured basis by the Company. J.P. Morgan, Truist Securities, US Bancorp, BofA Securities, Morgan Stanley, PNC Capital Markets LLC, TD Securities and Wells Fargo Securities are acting as joint book-running managers. A shelf registration statement relating to these securities is effective with the Securities and Exchange Commission. The offering may be made only by means of a prospectus supplement and accompanying prospectus. Copies of these documents may be obtained by contacting J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York , 10179, Attention: Investment Grade Syndicate Desk, 3rd Floor, telephone collect at 1-212-834-4533; Truist Securities, Inc., Attention: Prospectus Department, 303 Peachtree Street, Atlanta, GA 30308, telephone: 800-685-4786, or e-mail: TruistSecurities.prospectus@Truist.com ; or U.S. Bancorp Investments, Inc., Attention: High Grade Syndicate, 214 North Tryon Street, 26th Floor, Charlotte, NC 28202, or by telephone at: (877) 558-2607. Electronic copies of these documents are also available from the Securities and Exchange Commission's website at www.sec.gov . This press release is neither an offer to purchase nor a solicitation of an offer to sell the notes, nor shall it constitute an offer, solicitation or sale in any state or jurisdiction in which such offer, solicitation or sale is unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About Cousins Properties Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust ("REIT"). The Company, based in Atlanta, GA and acting through the Operating Partnership, primarily invests in Class A office buildings located in high growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing, and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets, and opportunistic investments. Forward-Looking Statements Certain matters contained in this press release are "forward-looking statements" within the meaning of the federal securities laws and are subject to uncertainties and risks, as itemized in Item 1A included in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 and in the Company's Quarterly Reports on Form 10-Q for the quarters ended June 30, 2024 and September 30, 2024 . These forward-looking statements include information about the Company's possible or assumed future results of the business and the Company's financial condition, liquidity, results of operations, plans, and objectives. They also include, among other things, statements regarding subjects that are forward-looking by their nature, such as: guidance and underlying assumptions; business and financial strategy; future debt financings; future acquisitions and dispositions of operating assets or joint venture interests; future acquisitions and dispositions of land, including ground leases; future acquisitions of investments in real estate debt; future development and redevelopment opportunities; future issuances and repurchases of common stock, limited partnership units, or preferred stock; future distributions; projected capital expenditures; market and industry trends; future occupancy or volume and velocity of leasing activity; entry into new markets, changes in existing market concentrations, or exits from existing markets; future changes in interest rates and liquidity of capital markets; and all statements that address operating performance, events, investments, or developments that we expect or anticipate will occur in the future — including statements relating to creating value for stockholders. Any forward-looking statements are based upon management's beliefs, assumptions, and expectations of our future performance, taking into account information that is currently available. These beliefs, assumptions, and expectations may change as a result of possible events or factors, not all of which are known. If a change occurs, our business, financial condition, liquidity, and results of operations may vary materially from those expressed in forward-looking statements. Actual results may vary from forward-looking statements due to, but not limited to, the following: the availability and terms of capital and our ability to obtain and maintain financing arrangements on terms favorable to us or at all; the ability to refinance or repay indebtedness as it matures; any changes to our credit rating; the failure of purchase, sale, or other contracts to ultimately close; the failure to achieve anticipated benefits from acquisitions, developments, investments, or dispositions; the effect of common stock or operating partnership unit issuances, including those undertaken on a forward basis, which may negatively affect the market price of our common stock; the availability of buyers and pricing with respect to the disposition of assets; changes in national and local economic conditions, the real estate industry, and the commercial real estate markets in which we operate (including supply and demand changes), particularly in Atlanta , Austin , Tampa , Charlotte , Phoenix , Dallas , and Nashville , including the impact of high unemployment, volatility in the public equity and debt markets, and international economic and other conditions; threatened terrorist attacks or sociopolitical unrest such as political instability, civil unrest, armed hostilities, or political activism, which may result in a disruption of day-to-day building operations; changes to our strategy in regard to our real estate assets may require impairment to be recognized; leasing risks, including the ability to obtain new tenants or renew expiring tenants, the ability to lease newly-developed and/or recently acquired space, the failure of a tenant to commence or complete tenant improvements on schedule or to occupy leased space, and the risk of declining leasing rates; changes in the preferences of our tenants brought about by the desire for co-working arrangements, trends toward utilizing less office space per employee, and the effect of employees working remotely; any adverse change in the financial condition or liquidity of one or more of our tenants or borrowers under our real estate debt investments; volatility in interest rates (including the impact upon the effectiveness of forward interest rate contract arrangements) and insurance rates; inflation; competition from other developers or investors; the risks associated with real estate developments (such as zoning approval, receipt of required permits, construction delays, cost overruns, and leasing risk); supply chain disruptions, labor shortages, and increased construction costs; risks associated with security breaches through cyberattacks, cyber intrusions or otherwise, as well as other significant disruptions of our information technology networks and related systems, which support our operations and our buildings; changes in senior management, changes in the Company's board of directors, and the loss of key personnel; the potential liability for uninsured losses, condemnation, or environmental issues; the potential liability for a failure to meet regulatory requirements, including the Americans with Disabilities Act and similar laws or the impact of any investigation regarding the same; the financial condition and liquidity of, or disputes with, joint venture partners; any failure to comply with debt covenants under debt instruments and credit agreements; any failure to continue to qualify for taxation as a real estate investment trust or meet regulatory requirements; potential changes to state, local, or federal regulations applicable to our business; material changes in dividend rates on common shares or other securities or the ability to pay those dividends; potential changes to the tax laws impacting real estate investment trusts and real estate in general; risks associated with climate change and severe weather events, as well as the regulatory efforts intended to reduce the effects of climate changes and investor and public perception of our efforts to respond to the same; the impact of newly adopted accounting principles on our accounting policies and on period-to-period comparisons of financial results; risks associated with possible federal, state, local, or property tax audits; and those additional risks and environmental or other factors discussed in reports filed with the Securities and Exchange Commission by the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company cannot guarantee the accuracy of any such forward-looking statements contained in this press release, and the Company does not intend to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Contacts Roni Imbeaux Vice President, Finance and Investor Relations 404-407-1104 rimbeaux@cousins.com View original content: https://www.prnewswire.com/news-releases/cousins-properties-announces-pricing-of-senior-notes-offering-302330787.html SOURCE Cousins Properties
ATLANTA , Dec. 12, 2024 /PRNewswire/ -- Cousins Properties Incorporated (the "Company" or "Cousins") (NYSE: CUZ ) announced today that its operating partnership, Cousins Properties LP (the "Operating Partnership"), has priced an offering of $400 million aggregate principal amount of 5.375% senior unsecured notes due 2032 at 99.463% of the principal amount. The offering is expected to close on December 17, 2024 , subject to the satisfaction of customary closing conditions. Cousins intends to use the net proceeds from the offering to fund a portion of the purchase price of 601 West 2nd Street, also known as Sail Tower, an 804,000 square foot trophy lifestyle office property in Austin (the "Sail Tower Acquisition"), and the remainder to repay borrowings under its credit facility and for general corporate purposes. In the event the Sail Tower Acquisition is not completed, Cousins will use the net proceeds from the offering for general corporate purposes, including the acquisition and development of office properties, other opportunistic investments and the repayment of debt. The notes will be fully and unconditionally guaranteed on a senior unsecured basis by the Company. J.P. Morgan, Truist Securities, US Bancorp, BofA Securities, Morgan Stanley, PNC Capital Markets LLC, TD Securities and Wells Fargo Securities are acting as joint book-running managers. A shelf registration statement relating to these securities is effective with the Securities and Exchange Commission. The offering may be made only by means of a prospectus supplement and accompanying prospectus. Copies of these documents may be obtained by contacting J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York , 10179, Attention: Investment Grade Syndicate Desk, 3rd Floor, telephone collect at 1-212-834-4533; Truist Securities, Inc., Attention: Prospectus Department, 303 Peachtree Street, Atlanta, GA 30308, telephone: 800-685-4786, or e-mail: [email protected] ; or U.S. Bancorp Investments, Inc., Attention: High Grade Syndicate, 214 North Tryon Street, 26th Floor, Charlotte, NC 28202, or by telephone at: (877) 558-2607. Electronic copies of these documents are also available from the Securities and Exchange Commission's website at www.sec.gov . This press release is neither an offer to purchase nor a solicitation of an offer to sell the notes, nor shall it constitute an offer, solicitation or sale in any state or jurisdiction in which such offer, solicitation or sale is unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About Cousins Properties Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust ("REIT"). The Company, based in Atlanta, GA and acting through the Operating Partnership, primarily invests in Class A office buildings located in high growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing, and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets, and opportunistic investments. Forward-Looking Statements Certain matters contained in this press release are "forward-looking statements" within the meaning of the federal securities laws and are subject to uncertainties and risks, as itemized in Item 1A included in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 and in the Company's Quarterly Reports on Form 10-Q for the quarters ended June 30, 2024 and September 30, 2024 . These forward-looking statements include information about the Company's possible or assumed future results of the business and the Company's financial condition, liquidity, results of operations, plans, and objectives. They also include, among other things, statements regarding subjects that are forward-looking by their nature, such as: guidance and underlying assumptions; business and financial strategy; future debt financings; future acquisitions and dispositions of operating assets or joint venture interests; future acquisitions and dispositions of land, including ground leases; future acquisitions of investments in real estate debt; future development and redevelopment opportunities; future issuances and repurchases of common stock, limited partnership units, or preferred stock; future distributions; projected capital expenditures; market and industry trends; future occupancy or volume and velocity of leasing activity; entry into new markets, changes in existing market concentrations, or exits from existing markets; future changes in interest rates and liquidity of capital markets; and all statements that address operating performance, events, investments, or developments that we expect or anticipate will occur in the future — including statements relating to creating value for stockholders. Any forward-looking statements are based upon management's beliefs, assumptions, and expectations of our future performance, taking into account information that is currently available. These beliefs, assumptions, and expectations may change as a result of possible events or factors, not all of which are known. If a change occurs, our business, financial condition, liquidity, and results of operations may vary materially from those expressed in forward-looking statements. Actual results may vary from forward-looking statements due to, but not limited to, the following: the availability and terms of capital and our ability to obtain and maintain financing arrangements on terms favorable to us or at all; the ability to refinance or repay indebtedness as it matures; any changes to our credit rating; the failure of purchase, sale, or other contracts to ultimately close; the failure to achieve anticipated benefits from acquisitions, developments, investments, or dispositions; the effect of common stock or operating partnership unit issuances, including those undertaken on a forward basis, which may negatively affect the market price of our common stock; the availability of buyers and pricing with respect to the disposition of assets; changes in national and local economic conditions, the real estate industry, and the commercial real estate markets in which we operate (including supply and demand changes), particularly in Atlanta , Austin , Tampa , Charlotte , Phoenix , Dallas , and Nashville , including the impact of high unemployment, volatility in the public equity and debt markets, and international economic and other conditions; threatened terrorist attacks or sociopolitical unrest such as political instability, civil unrest, armed hostilities, or political activism, which may result in a disruption of day-to-day building operations; changes to our strategy in regard to our real estate assets may require impairment to be recognized; leasing risks, including the ability to obtain new tenants or renew expiring tenants, the ability to lease newly-developed and/or recently acquired space, the failure of a tenant to commence or complete tenant improvements on schedule or to occupy leased space, and the risk of declining leasing rates; changes in the preferences of our tenants brought about by the desire for co-working arrangements, trends toward utilizing less office space per employee, and the effect of employees working remotely; any adverse change in the financial condition or liquidity of one or more of our tenants or borrowers under our real estate debt investments; volatility in interest rates (including the impact upon the effectiveness of forward interest rate contract arrangements) and insurance rates; inflation; competition from other developers or investors; the risks associated with real estate developments (such as zoning approval, receipt of required permits, construction delays, cost overruns, and leasing risk); supply chain disruptions, labor shortages, and increased construction costs; risks associated with security breaches through cyberattacks, cyber intrusions or otherwise, as well as other significant disruptions of our information technology networks and related systems, which support our operations and our buildings; changes in senior management, changes in the Company's board of directors, and the loss of key personnel; the potential liability for uninsured losses, condemnation, or environmental issues; the potential liability for a failure to meet regulatory requirements, including the Americans with Disabilities Act and similar laws or the impact of any investigation regarding the same; the financial condition and liquidity of, or disputes with, joint venture partners; any failure to comply with debt covenants under debt instruments and credit agreements; any failure to continue to qualify for taxation as a real estate investment trust or meet regulatory requirements; potential changes to state, local, or federal regulations applicable to our business; material changes in dividend rates on common shares or other securities or the ability to pay those dividends; potential changes to the tax laws impacting real estate investment trusts and real estate in general; risks associated with climate change and severe weather events, as well as the regulatory efforts intended to reduce the effects of climate changes and investor and public perception of our efforts to respond to the same; the impact of newly adopted accounting principles on our accounting policies and on period-to-period comparisons of financial results; risks associated with possible federal, state, local, or property tax audits; and those additional risks and environmental or other factors discussed in reports filed with the Securities and Exchange Commission by the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company cannot guarantee the accuracy of any such forward-looking statements contained in this press release, and the Company does not intend to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Contacts Roni Imbeaux Vice President, Finance and Investor Relations 404-407-1104 [email protected] SOURCE Cousins Properties