The suspect in the high-profile killing of a health insurance CEO that has gripped the United States graduated from an Ivy League university, reportedly hails from a wealthy family, and wrote social media posts brimming with cerebral musings. Luigi Mangione, 26, was thrust into the spotlight Monday after police revealed he is their person of interest in the brutal murder of United Healthcare CEO Brian Thompson, a father of two, last week in broad daylight in Manhattan in a case that laid bare deep frustration and anger with America's privatized medical system. News of his capture in Pennsylvania -- following a tip from a McDonald's worker --triggered an explosion of online activity, with Mangione quickly amassing new followers on social media as citizen sleuths and US media tried to understand who he is. While some lauded him as a hero and lamented his arrest, others analyzed his intellectual takes in search of ideological clues. A photo on one of his social media accounts includes an X-ray of an apparently injured spine. No explicit political affiliation has emerged. Meanwhile, memes and jokes proliferated, many riffing on his first name and comparing him to the "Mario Bros." character Luigi, sometimes depicted in AI-altered images wielding a gun or holding a Big Mac. "Godspeed. Please know that we all hear you," wrote one user on Facebook. "I want to donate to your defense fund," added another. According to Mangione's LinkedIn profile, he is employed as a data engineer at TrueCar, a California-based online auto marketplace. A company spokesperson told AFP Mangione "has not been an employee of our company since 2023." Although he had been living in Hawaii ahead of the killing, he originally hails from Towson, Maryland, near Baltimore. He comes from a prominent and wealthy Italian-American family, according to the Baltimore Banner. The family owns local businesses, including the Hayfields Country Club, its website says. A standout student, Mangione graduated at the top of his high school class in 2016. In an interview with his local paper at the time, he praised his teachers for fostering a passion for learning beyond grades and encouraging intellectual curiosity. A former student who knew Mangione at the Gilman School told AFP the suspect struck him as "a normal guy, nice kid." "There was nothing about him that was off, at least from my perception," this person said, asking that their name not be used. "Seemed to just be smiling, and kind of seemed like he was a smart kid. Ended up being valedictorian, which confirmed that," the former student said. Mangione went on to attend the prestigious University of Pennsylvania, where he completed both a bachelor's and master's degree in computer science by 2020, according to a university spokesperson. While at Penn, Mangione co-led a group of 60 undergraduates who collaborated on video game projects, as noted in a now-deleted university webpage, archived on the Wayback Machine. On Instagram, where his following has skyrocketed from hundreds to tens of thousands, Mangione shared snapshots of his travels in Mexico, Puerto Rico and Hawaii. He also posted shirtless photos flaunting a six-pack and appeared in celebratory posts with fellow members of the Phi Kappa Psi fraternity. However, it is on X (formerly Twitter) that users have scoured Mangione's posts for potential motives. His header photo -- an X-ray of a spine with bolts -- remains cryptic, with no public explanation. Finding a coherent political ideology has also proved elusive, though he had written a review of Ted Kaczynski's manifesto on the online site goodreads, calling it "prescient." Kaczynski, known as the Unabomber, carried out a string of bombings in the United States from 1978 to 1995, a campaign he said was aimed at halting the advance of modern society and technology. Mangione called Kaczynski "rightfully imprisoned," while also saying "'violence never solved anything' is a statement uttered by cowards and predators." According to CNN, handwritten documents recovered when Mangione was arrested included the phrase "these parasites had it coming." Mangione has also linked approvingly to posts criticizing secularism as a harmful consequence of Christianity's decline. In April, he wrote, "Horror vacui (nature abhors a vacuum)." The following month, he posted an essay he wrote in high school titled "How Christianity Prospered by Appealing to the Lower Classes of Ancient Rome." In another post from April, he speculated that Japan's low birthrate stems from societal disconnection, adding that "fleshlights" and other vaginal-replica sex toys should be banned. ia/nro/dw
NEW YORK , Nov. 22, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of all purchasers of securities of Xerox Holdings Corporation (NASDAQ: XRX) between January 25, 2024 and October 28, 2024 . Xerox describes itself as a "company that offers workplace technology that integrates hardware, services, and software for enterprises in the Americas, and internationally." So what: If you purchased Xerox securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. What to do next: To join the Xerox class action, go to https://rosenlegal.com/submit-form/?case_id=31433 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 21, 2025 . A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Details of the case: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) after a large workforce reduction, Xerox's salesforce was reorganized with new territory assignments and account coverage; (2) as a result, Xerox's salesforce productivity was disrupted; (3) as a result, Xerox 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; (5) as a result, Xerox was likely to experience lower sales and revenue; and (6) as a result of the foregoing, defendants' positive statements about Xerox's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Xerox class action, go to https://rosenlegal.com/submit-form/?case_id=31433 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com View original content to download multimedia: https://www.prnewswire.com/news-releases/xrx-investors-have-opportunity-to-lead-xerox-holdings-corporation-securities-fraud-lawsuit-302314593.html SOURCE THE ROSEN LAW FIRM, P. A.HPH Announces Receipt of Minimum Bid Price Notice from Nasdaq
NEW YORK , Dec. 9, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global mountain bike market size is estimated to grow by USD 3.78 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 6.11% during the forecast period. Mountain biking tourism acts as catalyst for economic development is driving market growth, with a trend towards growth in development of electric mountain bikes. However, increase in accidents, crashes, and related injuries poses a challenge. Key market players include Alta Cycling Group, BH BIKES Europe SL, Dorel Industries Inc., Fuji Bikes, Giant Manufacturing Co. Ltd., Grimaldi Industri AB, Guangzhou Trinity Cycles Co. Ltd., Kona Bicycle Co., LAPIERRE SA , Marin Mountain Bikes Inc., Merida Industry Co. Ltd., Norco Bicycles, Pending System GmbH and Co. KG, Pivot Cycles EU GmbH, Pon Holdings BV, Rocky Mountain Bicycles, Santa Cruz Bicycles LLC, Trek Bicycle Corp., XDS Bike Co., and Youngone Corp.. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Mountain Bike Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 6.11% Market growth 2024-2028 USD 3775.7 million Market structure Fragmented YoY growth 2022-2023 (%) 5.39 Regional analysis North America, Europe, APAC, South America, and Middle East and Africa Performing market contribution North America at 34% Key countries US, China, Germany, UK, and France Key companies profiled Alta Cycling Group, BH BIKES Europe SL, Dorel Industries Inc., Fuji Bikes, Giant Manufacturing Co. Ltd., Grimaldi Industri AB, Guangzhou Trinity Cycles Co. Ltd., Kona Bicycle Co., LAPIERRE SA, Marin Mountain Bikes Inc., Merida Industry Co. Ltd., Norco Bicycles, Pending System GmbH and Co. KG, Pivot Cycles EU GmbH, Pon Holdings BV, Rocky Mountain Bicycles, Santa Cruz Bicycles LLC, Trek Bicycle Corp., XDS Bike Co., and Youngone Corp. Market Driver The mountain bike market is experiencing significant growth due to the introduction of electric mountain bikes. These bikes enhance the riding experience by amplifying pedaling power and providing adjustable engine support for various performance levels. The shift towards family-oriented mountain biking and increasing interest in adventurous sports among the young generation further boosts demand. However, regulatory restrictions on motor power and speed limit the market growth. Despite these challenges, advancements in technology and efforts to establish e-mountain biking as a standard racing format continue to drive market expansion. The mountain bike market is experiencing significant growth with various trends shaping the industry. Consumers seek lightweight bikes for improved performance and ease of use. Carbon fiber and alloy frames are popular choices. Trails and mountainous terrains call for components such as strong brakes, durable suspension, and sturdy wheels. Fenders and pannier racks are gaining traction among commuters and touring cyclists. Additionally, electric mountain bikes are on the rise, offering assistance for uphill climbs and extended rides. Overall, the market is driven by innovation, functionality, and consumer demand for versatile and high-performing mountain bikes. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This mountain bike market report extensively covers market segmentation by 1.1 Leisure- Mountain bikes represent a significant market segment in the cycling industry. With increasing health consciousness and the trend towards eco-friendly transportation, demand for mountain bikes continues to grow. Retailers stock a variety of models catering to diverse terrains and skill levels. Manufacturers invest in research and development to enhance bike performance and durability. Distributors ensure timely delivery to retailers, while marketing efforts focus on reaching potential customers through various channels. Overall, the mountain bike market is thriving, offering opportunities for all stakeholders. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics The mountain bike market encompasses the design, production, and distribution of mountain bikes, electric mountain bikes, and other off-road bicycles. Customer awareness and safety are paramount in this industry, with a focus on performance capacities, large wheels, and powerful brakes for optimal riding experience. Electric mountain bikes offer pedaling power with engine support, enhancing the off-road adventure sport experience. Trails may present surface flaws and potential accidents or collisions, necessitating safety devices and younger consumers' increased interest. Weather and sunlight are crucial factors in mountain biking tourism, while new energy engines and durability are essential considerations for off-road biking on rough terrain and off-track areas. The mountain bike market encompasses the production, distribution, and sale of mountain bikes and related accessories. These bikes are designed for off-road cycling, featuring sturdy frames, components, and wide tires for optimal traction. The market caters to various segments, including entry-level, mid-range, and high-end mountain bikes, each with distinct features and price points. Consumers seek mountain bikes for recreational activities, competitive racing, and commuting in rugged terrain. Key factors driving market growth include increasing health consciousness, growing popularity of outdoor activities, and technological advancements in bike design and materials. Additionally, the market is witnessing a trend towards electric mountain bikes, offering pedal-assist functionality for enhanced riding experience. 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/mountain-bike-market-to-grow-by-usd-3-78-billion-from-2024-2028--driven-by-mountain-biking-tourism-with-ai-driving-market-transformation---technavio-302325751.html SOURCE Technavio
DULUTH, Ga.--(BUSINESS WIRE)--Dec 9, 2024-- Landcar Casualty Company (Landcar), a subsidiary of Asbury Automotive Group (Asbury), received AM Best’s upgraded Financial Strength Rating to A (Excellent) from A- (Excellent). AM Best is a global credit rating agency, news publisher, and data analytics provider which completes an annual rating review of Landcar. This refined assessment from AM Best establishes Landcar to the classification from stable to positive. “We are pleased to receive this enhanced recognition from AM Best demonstrating the financial strength of the company,” says Kimberlee Reese, President of Landcar. “We continue to work hard to ensure we conduct all business with the utmost integrity and efficiency while providing best-in-class service to our guests.” “Landcar maintains its balance sheet strength at the very strong level, supported by AM Best’s strongest risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), and solid balance sheet liquidity,” shared AM Best. “Landcar benefits from its niche business profile as a writer of auto-related insurance products through a network of affiliated automotive dealerships as a part of the Asbury group. Landcar’s expansion has diversified its geographic footprint and enhanced its growth opportunities.” About Asbury Automotive Group, Inc. Asbury Automotive Group, Inc. (NYSE: ABG), a Fortune 500 company headquartered in Duluth, GA, is one of the largest automotive retailers in the U.S. In late 2020, Asbury embarked on a multi-year plan to increase revenue and profitability strategically through organic operations, acquisitive growth and innovative technologies, with its guest-centric approach as Asbury’s constant North Star. As of September 30, 2024, Asbury operated 153 new vehicle dealerships, consisting of 202 franchises and representing 31 domestic and foreign brands of vehicles. Asbury also operates Total Care Auto, Powered by Landcar, a leading provider of service contracts and other vehicle protection products, and 37 collision repair centers. Asbury offers an extensive range of automotive products and services, including new and used vehicles; parts and service, which includes vehicle repair and maintenance services, replacement parts and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection debt cancellation, and prepaid maintenance. Asbury is recognized as one of America’s Fastest Growing Companies 2024 by the Financial Times and the Company is listed in World’s Most Trustworthy Companies 2024 by Newsweek. For additional information, visit www.asburyauto.com . Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements other than historical fact, and may include statements relating to goals, plans, objectives, beliefs, expectations and assumptions, projections regarding Asbury's financial position, liquidity, results of operations, cash flows, leverage, market position, the timing and amount of any stock repurchases, and dealership portfolio, revenue enhancement strategies, operational improvements, projections regarding the expected benefits of Clicklane, management’s plans, projections and objectives for future operations, scale and performance, integration plans and expected synergies from acquisitions, capital allocation strategy, business strategy. These statements are based on management's current expectations and beliefs and involve significant risks and uncertainties that may cause results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, adverse outcomes with respect to current and future litigation and other proceedings, including, without limitation, our inability to realize the benefits expected from recently completed transactions; information and cybersecurity, and other issues related to technology; our inability to promptly and effectively integrate completed transactions and the diversion of management’s attention from ongoing business and regular business responsibilities; our inability to complete future acquisitions or divestitures and the risks resulting therefrom; any supply chain disruptions impacting our industry and business, market factors, Asbury's relationships with, and the financial and operational stability of, vehicle manufacturers and other suppliers, acts of God, natural disasters, acts of war or other incidents and the shortage of semiconductor chips and other components, which may adversely impact supply from vehicle manufacturers and/or present retail sales challenges; risks associated with Asbury's indebtedness and our ability to comply with applicable covenants in our various financing agreements, or to obtain waivers of these covenants as necessary; risks related to competition in the automotive retail and service industries, general economic conditions both nationally and locally, governmental regulations, legislation, including changes in automotive state franchise laws, and Asbury's ability to execute its strategic and operational strategies and initiatives, including its five-year strategic plan, Asbury's ability to leverage gains from its dealership portfolio, Asbury's ability to capitalize on opportunities to repurchase its debt and equity securities or purchase properties that it currently leases, and Asbury's ability to stay within its targeted range for capital expenditures. There can be no guarantees that Asbury's plans for future operations will be successfully implemented or that they will prove to be commercially successful. These and other risk factors that could cause actual results to differ materially from those expressed or implied in our forward-looking statements are and will be discussed in Asbury's filings with the U.S. Securities and Exchange Commission from time to time, including its most recent annual report on Form 10-K and any subsequently filed quarterly reports on Form 10-Q. These forward-looking statements and such risks, uncertainties and other factors speak only as of the date of this press release. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. For additional information, visit www.asburyauto.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241209397997/en/ CONTACT: Morgan Irwin Head of Corporate Communications, Asbury Automotive Group mirwin@asburyauto.com | (678) 537-6593 KEYWORD: GEORGIA INDUSTRY KEYWORD: GENERAL AUTOMOTIVE AUTOMOTIVE MANUFACTURING INSURANCE SOURCE: Asbury Automotive Group Copyright Business Wire 2024. PUB: 12/09/2024 06:00 PM/DISC: 12/09/2024 05:58 PM http://www.businesswire.com/news/home/20241209397997/en
Suspect in UnitedHealthcare CEO killing charged with murder in New York, court records show