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Jimmy Carter, the 39th president and a Nobel Peace Prize recipient, has died at 100Southfield, Michigan, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we have increased the amount of Warehouse Facility V (the “Facility”), one of our revolving secured warehouse facilities, from $200.0 million to $250.0 million. We also extended the date on which the Facility will cease to revolve from December 29, 2025 to December 29, 2027. The maturity of the Facility was also extended from December 27, 2027 to December 27, 2029. The interest rate on borrowings under the Facility has decreased from the Secured Overnight Financing Rate (“SOFR”) plus 245 basis points to SOFR plus 185 basis points. There were no other material changes to the Facility. As of December 5, 2024, we did not have a balance outstanding under the Facility. Description of Credit Acceptance Corporation We make vehicle ownership possible by providing innovative financing solutions that enable automobile dealers to sell vehicles to consumers regardless of their credit history. Our financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisements for our financing programs, but who actually end up qualifying for traditional financing. Without our financing programs, consumers are often unable to purchase vehicles or they purchase unreliable ones. Further, as we report to the three national credit reporting agencies, an important ancillary benefit of our programs is that we provide consumers with an opportunity to improve their lives by improving their credit score and move on to more traditional sources of financing. Credit Acceptance is publicly traded on the Nasdaq Stock Market under the symbol CACC. For more information, visit creditacceptance.com . Investor Relations: Douglas W. Busk Chief Treasury Officer (248) 353-2700 Ext. 4432 IR@creditacceptance.com
Titans keep losing as coach Brian Callahan tries to show some progress
Mack Brown intends to return to North Carolina next season after turbulent 2024 campaignDunn with 28 and Carnegie with 24 highlight No. 13 Georgia Tech women's 100-61 rout of Pittsburgh
PERU, Ill.--(BUSINESS WIRE)--Dec 5, 2024-- PFS Bancorp, Inc. (the “Company”) (OTCQB: PFSB), the holding company for Peru Federal Savings Bank, announced today it has authorized a stock repurchase program for up to 172,500 shares of its common stock, representing 10% of shares currently outstanding. The Company intends to conduct the repurchases on the open market, including by means of a trading plan adopted under SEC Rule 10b5-1, subject to market conditions and other factors. There is no guarantee as to the number of shares that the Company may ultimately repurchase. The Company may suspend or discontinue the program at any time. About Peru Federal Savings Bank Originally chartered in 1887, Peru Federal Savings Bank is a federally-chartered stock savings bank that conducts its business from its main office and a branch office, both located in Peru, IL. Forward-Looking Statements This press release contains certain forward-looking statements about the stock repurchase program. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include the Company’s inability to execute the repurchase program due to stock market conditions or otherwise. View source version on businesswire.com : https://www.businesswire.com/news/home/20241205885578/en/ CONTACT: Eric J. Heagy President, Chief Executive Officer and Chief Financial Officer PFS Bancorp, Inc. (815) 223-4300 KEYWORD: ILLINOIS UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE SOURCE: PFS Bancorp, Inc. Copyright Business Wire 2024. PUB: 12/05/2024 04:00 PM/DISC: 12/05/2024 04:03 PM http://www.businesswire.com/news/home/20241205885578/en
The United States Army has ordered three additional Boeing CH-47F Block II Chinooks to recapitalize the US Army’s heavy-lift helicopter fleet. The US Army wants 465 CH-47 Chinook Block IIs , but Boeing is under contract for only nine, with these three costing USD 135 million. Keeping Chinooks flying for another 40+ years In a Boeing December 4 statement, Boeing shared that the US Army had a “desired goal” to flying Chinooks for, “at least another 40 years”. The H-47 Chinook has a rich history going back 63 years. Already CH-47F Block IIs are in production: As Heather McBryan, vice president and program manager of Boeing Cargo Helicopters, shared in Boeing's statement, “It is critical soldiers get to their destinations and have the equipment they need to accomplish the mission. The CH-47F Block II’s increased payload capacity and expanded range enables the U.S. Army to meet evolving heavy-lift mission requirements around the world.” Indeed, the CH-47F Block II is the future of heavy lift. One can watch a Boeing explainer below: The US Army has already accepted two production model Chinook Block IIs after significant flight testing, receiving one in June and the second in September. The Chinook Block IIs have an improved structure, uprated engines, and new fiberglass blades to add 4,000 pounds of payload capacity. There are also improvements to the fuel capacity to allow the CH-47F Block II Chinook to fly further. What makes the Block II Ch-47F unique? Good question. Below is a quick list from a US Department of Defense’s Office of the Director, Operational Test and Evaluation pamphlet made in 2020 plus a Honeywell webpage: Reduced weight ballistic protection system Redesigned flight control system with Digital Automatic Flight Control System (DAFCS) to help make the CH-47F Block II Chinook easier to fly by making the Chinook more responsive. New rotor blade design Redesigned fuel system Updated Common Avionics Architecture System (CAAS) New Honeywell T55-GA-714C turboshaft engines In a previous Simple Flying article about the British getting their upgraded Chinook helicopters, the Collins Aerospace CAAS was discussed : The Royal Air Force's new Chinooks will come with state-of-the-art avionics by Collins Aerospace. But one of the key elements of the Block II upgrade is the new engines. So, let’s take a look at the Honeywell T55-GA-714C turboshaft engines. New Honeywell T55-GA-714C engines add 22% more power Honeywell, which manufactures the two jet turboshaft engines that power each Chinook, has created several infographics on the capabilities of their T55-GA-714Cs. Honeywell’s new engines, which have more horsepower, are more maintainer-friendly and have 28% decreased repair time, but they also consume 8% less fuel while providing 20% more power. Below is a Honeywell overview of this project: Honeywell also created an infographic about the upgrade worth sharing here: T55-GA-714Cs can easily replace previous Chinook engines, not just because they are from the same manufacturer but also because the Honeywell T55-GA-714C engines use the same connection points to the intake, the exhaust and the airframe.. They are very cost-effective as the latest variant of T55 with 6,000 shaft horsepower. Keep up with the latest Simple Flying coverage of military aviation here . Since the first Chinook flew on September 21, 1961, every Chinook has relied on T55 turboshaft engines. Even the special forces MH-47 variants. A use case shows the T55 legacy For 63 years, the T55 engines have been tested in tough combat and in domestic emergencies. As to domestic emergencies, for example, Honeywell did an interview with the California National Guard Chief Warrant Officer 5 Joe Rosamond about how Rosamond flew the Chinook to conduct a rescue mission during a September 2020 wildfire that Rosamand called, “The most dangerous and risky thing I’ve ever gotten myself into.” One can watch a YouTube of the interview below. However, to Rosamand, the pick-up area was covered by smoke and required night-vision goggles to find a safe landing zone. The safe landing zone to pick up on the first lift 65 souls – some of which injured – happened to be a boat ramp. On the second lift however, the Chinook powered by the current T55 variant in T55-714A was able to pick up on the second flight 102 souls. Far exceeding the Chinook’s limits, but the desire to not separate families was strong. But for the Chinook with T55 engines, as Rosamond explained, “With that many people onboard, we found ourselves heavier than we expected to be. The conditions were hot, heavy, dark and, in this case, smoky. I knew we were operating the aircraft near its limits or just a little higher than recommended. ... The temperature ranges of these engines are pretty enormous, and as long as you stay within those limits, I’ve never had an engine fail or even hiccup. They’re super-reliable engines, which breeds a lot of confidence.” With even more capability from the new T55-GA-714C turboshaft engines, the new CH-47F Chinook Block II will be able to continue providing these in extremis rescues in National Guard service. Among other duties the US Army an d other Chinook customers need to provide for America’s well-being. Bottom line: Chinook Block II with new engines key to Chinook persistence Ultimately, the Chinook Block II with new Honeywell T55-GA-714C turboshaft engines is key to continuing the Chinook’s track record of persistence. As Dave Marinick, President of Engines and Power Systems, Honeywell Aerospace Technologies, shared in a February 26 Honeywell statement when Germany contracted with Honeywell for 105 T55-GA-714Cs; “Chinooks have proved to be one of the most versatile vehicles in military history, and perform missions that include troop transport, search and rescue, and special operations, among others.” We’ll let President Marinick have the last word.
Iowa cornerback Jermari Harris has opted out of the remainder of the 2024 season in order to prepare for the NFL draft, according to a report by 247Sports.com . The 6-foot-1 sixth-year senior from Chicago has recorded 27 tackles, three interceptions and a team-high seven pass breakups in 10 games for the Hawkeyes this season. That includes a pick-6 in a 38-21 win over Troy earlier this season. Iowa (6-4, 4-3 Big Ten) plays at Maryland on Saturday before closing out its regular season at home against Nebraska on Nov. 29. The Hawkeyes are already bowl eligible, so Harris is likely opting out of three games in total. After missing the entire 2022 season due to an ankle injury, Harris was suspended for two games of the following season for his involvement in the gambling investigation into Iowa athletics. He later emerged as the Hawkeyes' top cornerback, earning the team's comeback player of the year award after compiling 42 tackles, one interception and eight pass breakups. Harris will finish his college career with 105 tackles and eight interceptions. --Field Level MediaBurt, the huge Australian crocodile who had a cameo in ‘Crocodile Dundee,’ dies at 90
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WASHINGTON (AP) — The chair of the Democratic National Committee informed party leaders on Monday that the DNC will choose his successor in February, an election that will speak volumes about how the party wants to present itself during four more years of Donald Trump in the White House. Jaime Harrison, in a letter to members of the party’s powerful Rules & Bylaws Committee, outlined the process of how the party will elect its new chair. Harrison said in the letter that the committee will host four candidate forums — some in person and some virtually — in January, with the final election on Feb. 1 during the party’s winter meeting in National Harbor, Maryland. The race to become the next chair of the Democratic National Committee, while an insular party affair, will come days after Trump is inaugurated for a second term. Democrats' selection of a leader after Vice President Kamala Harris’ 2024 loss will be a key starting point as the party starts to move forward, including addressing any structural problems and determining how to oppose Trump. Members of the Rules & Bylaws Committee will meet on Dec. 12 to establish the rules for these elections, which beyond the chair position will include top party roles like vice chairs, treasurer, secretary and national finance chair. The committee will also use that meeting to decide the requirements for gaining access to the ballot for those top party roles. In 2021, candidates were required to submit a nominating statement that included signatures from 40 DNC members and that will likely be the same standard for the 2025 campaigns. “The DNC is committed to running a transparent, equitable, and impartial election for the next generation of leadership to guide the party forward,” Harrison said in a statement. “Electing the Chair and DNC officers is one of the most important responsibilities of the DNC Membership, and our staff will run an inclusive and transparent process that gives members the opportunity to get to know the candidates as they prepare to cast their votes.” Two Democrats have announced campaigns for chair: Ken Martin, chair of the Minnesota Democratic-Farmer-Labor Party and a vice chair of the national party, and Martin O’Malley, the former Maryland governor and current commissioner of the Social Security Administration. Other top Democrats are either considering a run to succeed Harrison or are being pushed by party insiders, including former Texas Rep. Beto O’Rourke; Michael Blake, a former vice chair of the party; Ben Wikler, chair of the Democratic Party of Wisconsin; Rahm Emanuel, the U.S. ambassador to Japan and a former Chicago mayor; Sen. Mallory McMorrow, majority whip of the Michigan Senate, and Chuck Rocha, a longtime Democratic strategist. The next chair of the committee will be tasked with rebuilding a party demoralized by a second Trump victory. They will also oversee the party’s 2028 nominating process, a complex and contentious exercise that will make the chair central to the next presidential election. Harrison, of South Carolina, made clear in his letter to the rules committee that the four forums hosted by the party would be live streamed and the party would give grassroots Democrats across the country the ability to engage with the process through those events. He also said he intends to remain neutral during the chair election. This story has been corrected to show that McMorrow is a senator, not a representative.Stock market today: Wall Street rises at the start of a holiday-shortened weekStocks closed higher on Wall Street at the start of a holiday-shortened week. The S&P 500 rose 0.7% Monday. Several big technology companies helped support the gains, including chip companies Nvidia and Broadcom. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite rose 1%. Honda’s U.S.-listed shares rose sharply after the company said it was in talks about a combination with Nissan in a deal that could also include Mitsubishi Motors. Eli Lilly rose after announcing that regulators approved Zepbound as the first prescription medicine for adults with sleep apnea. Treasury yields rose in the bond market. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Major stock indexes rose on Wall Street in afternoon trading Monday, after a choppy start to a holiday-shortened week. The S&P 500 rose 0.6%. The Dow Jones Industrial Average recovered from an early slide to gain 29 points, or 0.1% as of 3:40 p.m. Eastern time. The tech-heavy Nasdaq composite rose 0.8%. Gains in technology and communications stocks helped outweigh losses in consumer goods companies and elsewhere in the market. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, rose 3.3%. Broadcom climbed 5.5% to also help support the broader market. Walmart fell 2% and PepsiCo slid 1.2%. Japanese automakers Honda Motor and Nissan said they are talking about combining in a deal that might also include Mitsubishi Motors. U.S.-listed shares in Honda jumped 13.4%, while Nissan slipped 0.2%. Eli Lilly rose 3.5% after announcing that regulators approved Zepbound as the first and only prescription medicine for adults with sleep apnea. Department store Nordstrom fell 1.6% after it agreed to be taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. The Conference Board said that consumer confidence slipped in December. Its consumer confidence index fell back to 104.7 from 112.8 in November. Wall Street was expecting a reading of 113.8. The unexpectedly weak consumer confidence update follows several generally strong economic reports last week. One report showed the overall economy grew at a 3.1% annualized rate during the summer, faster than earlier thought. The latest report on unemployment benefit applications showed that the job market remains solid. A report on Friday said a measure of inflation the Federal Reserve likes to use was slightly lower last month than economists expected. Worries about inflation edging higher again had been weighing on Wall Street and the Fed. The central bank just delivered its third cut to interest rates this year, but inflation has been hovering stubbornly above its target of 2%. It has signaled that it could deliver fewer cuts to interest rates next year than it earlier anticipated because of concerns over inflation. Expectations for more interest rate cuts have helped drive a roughly 25% gain for the S&P 500 in 2024. That drive included 57 all-time highs this year. Inflation concerns have added to uncertainties heading into 2025, which include the labor market's path ahead and shifting economic policies under an incoming President Donald Trump. "Put simply, much of the strong market performance prior to last week was driven by expectations that a best-case scenario was the base case for 2025," said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.59% from 4.53% late Friday. European markets were mostly lower, while markets in Asia gained ground. Wall Street has several other economic reports to look forward to this week. On Tuesday, the U.S. will release its November report for sales of newly constructed homes. A weekly update on unemployment benefits is expected on Thursday. Markets in the U.S. will close at 1 p.m. Eastern on Tuesday for Christmas Eve and will remain closed on Wednesday for Christmas. Damian J. Troise And Alex Veiga, The Associated Press
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Weekly Horoscope, December 30, 2024 to January 5, 2025: Read weekly astrological predictions