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HICKSVILLE, N.Y. , Dec. 13, 2024 /PRNewswire/ -- Flagstar Financial, Inc. (NYSE: FLG) ( the "Company"), today announced the appointment of Lee Smith as Senior Executive Vice President and Chief Financial Officer (CFO), effective December 27, 2024 . The appointment follows the decision of current CFO Craig Gifford to step down to reengage in personal endeavors outside of the banking industry. Gifford will remain with the Bank through March 31, 2025 , and work closely with Smith during the transition period, ensuring a seamless hand-over and continued support for the Bank's ongoing initiatives. "For more than a decade, Lee has been an instrumental member of Flagstar's executive team. He is a proven leader with a strong track record, has the requisite experience and expertise, and possesses deep knowledge of the Company. The Board of Directors and I have full faith and confidence in Lee to continue to help guide the Company in this financial leadership position," said Joseph M. Otting , Chairman, President, and CEO. Smith joined legacy Flagstar Bancorp, Inc. in 2013 as Chief Operating Officer and his transition to CFO comes after serving on Flagstar's executive management team for more than a decade, most recently as President of Mortgage. He has an extensive background in accounting, finance, mortgage, private equity, and operations, spanning more than 25 years. His experience in managing large-scale transactions, optimizing financials and operations, and working with regulators demonstrates a strong ability to drive financial performance, ensure compliance, and lead financial operations. Additionally, his leadership in M&A deals, capital markets, and financial management positions him well to oversee financial strategies, risk mitigation, and operational efficiency at a senior financial level. His prior roles include Partner at Matlin Patterson Global Advisers LLC, a private investment firm. He is also a member of the Institute of Chartered Accountants in England and Wales (ICAEW) since 1998 and has a BSc in Economics and Accountancy from Loughborough University in England . Otting added, "I want to express our sincere appreciation to Craig for his impactful contributions over the past year. His leadership during this time has been invaluable, and we wish him all the best. As all of our stakeholders know, we have been working relentlessly to elevate Flagstar to new heights. I also recognize the personal sacrifices and time commitment required away from our personal lives for this journey. Given the substantial progress we've made as a Company, I am comfortable that this is a good time for this transition, and I am confident the momentum we've gained will only strengthen as we move forward." About Flagstar Financial, Inc. Flagstar Financial, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The Company is headquartered in Hicksville, New York . At September 30, 2024, the Company had $114.4 billion of assets, $73.0 billion of loans, deposits of $83 .0 billion, and total stockholders' equity of $8 .6 billion. Flagstar Bank, N.A. operates over 400 branches, including a significant presence in the Northeast and Midwest and locations in high growth markets in the Southeast and West Coast. In addition, the Bank has approximately 80 private banking teams located in over 10 cities in the metropolitan New York City region and on the West Coast, which serve the needs of high-net worth individuals and their businesses. Cautionary Statements Regarding Forward-Looking Statements This release may include forward‐looking statements by the Company and our authorized officers pertaining to such matters as our goals, beliefs, intentions, and expectations regarding (a) revenues, earnings, loan production, asset quality, liquidity position, capital levels, risk analysis, divestitures, acquisitions, and other material transactions, among other matters; (b) the future costs and benefits of the actions we may take; (c) our assessments of credit risk and probable losses on loans and associated allowances and reserves; (d) our assessments of interest rate and other market risks; (e) our ability to execute on our strategic plan, including the sufficiency of our internal resources, procedures and systems; (f) our ability to attract, incentivize, and retain key personnel and the roles of key personnel; (g) our ability to achieve our financial and other strategic goals, including those related to our merger with Flagstar Bancorp, Inc., which was completed on December 1, 2022, our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, and our ability to fully and timely implement the risk management programs institutions greater than $100 billion in assets must maintain; (h) the effect on our capital ratios of the approval of certain proposals approved by our shareholders during our 2024 annual meeting of shareholders; (i) the conversion or exchange of shares of the Company's preferred stock; (j) the payment of dividends on shares of the Company's capital stock, including adjustments to the amount of dividends payable on shares of the Company's preferred stock; (k) the availability of equity and dilution of existing equity holders associated with amendments to the 2020 Omnibus Incentive Plan; (l) the effects of the reverse stock split; and (m) transactions relating to the sale of our mortgage business and mortgage warehouse business. Forward‐looking statements are typically identified by such words as "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "should," "confident," and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which change over time. Additionally, forward‐looking statements speak only as of the date they are made; the Company does not assume any duty, and does not undertake, to update our forward‐looking statements. Furthermore, because forward‐looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those anticipated in our statements, and our future performance could differ materially from our historical results. Our forward‐looking statements are subject to, among others, the following principal risks and uncertainties: general economic conditions and trends, either nationally or locally; conditions in the securities, credit and financial markets; changes in interest rates; changes in deposit flows, and in the demand for deposit, loan, and investment products and other financial services; changes in real estate values; changes in the quality or composition of our loan or investment portfolios, including associated allowances and reserves; changes in future allowance for credit losses, including changes required under relevant accounting and regulatory requirements; the ability to pay future dividends; changes in our capital management and balance sheet strategies and our ability to successfully implement such strategies; recent turnover in our Board of Directors and our executive management team; changes in our strategic plan, including changes in our internal resources, procedures and systems, and our ability to successfully implement such plan; changes in competitive pressures among financial institutions or from non‐financial institutions; changes in legislation, regulations, and policies; the imposition of restrictions on our operations by bank regulators; the outcome of pending or threatened litigation, or of investigations or any other matters before regulatory agencies, whether currently existing or commencing in the future; the success of our blockchain and fintech activities, investments and strategic partnerships; the restructuring of our mortgage business; our ability to recognize anticipated expense reductions and enhanced efficiencies with respect to our recently announced strategic workforce reduction; the impact of failures or disruptions in or breaches of the Company's operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns; the impact of natural disasters, extreme weather events, military conflict (including the Russia / Ukraine conflict, the conflict in Israel and surrounding areas, the possible expansion of such conflicts and potential geopolitical consequences), terrorism or other geopolitical events; and a variety of other matters which, by their nature, are subject to significant uncertainties and/or are beyond our control. Our forward-looking statements are also subject to the following principal risks and uncertainties with respect to our merger with Flagstar Bancorp, which was completed on December 1, 2022 , and our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction: the possibility that the anticipated benefits of the transactions will not be realized when expected or at all; the possibility of increased legal and compliance costs, including with respect to any litigation or regulatory actions related to the business practices of acquired companies or the combined business; diversion of management's attention from ongoing business operations and opportunities; the possibility that the Company may be unable to achieve expected synergies and operating efficiencies in or as a result of the transactions within the expected timeframes or at all; and revenues following the transactions may be lower than expected. Additionally, there can be no assurance that the Community Benefits Agreement entered into with NCRC, which was contingent upon the closing of the Company's merger with Flagstar Bancorp, Inc., will achieve the results or outcome originally expected or anticipated by us as a result of changes to our business strategy, performance of the U.S. economy, or changes to the laws and regulations affecting us, our customers, communities we serve, and the U.S. economy (including, but not limited to, tax laws and regulations). More information regarding some of these factors is provided in the Risk Factors section of our Annual Report on Form 10 ‐ K/A for the year ended December 31, 2023, Quarterly Report on Forms 10-Q for the quarters ended March 31, 2024 , June 30, 2024 , and September 30, 2024 , and in other SEC reports we file. Our forward ‐ looking statements may also be subject to other risks and uncertainties, including those we may discuss in this news release, on our conference call, during investor presentations, or in our SEC filings, which are accessible on our website and at the SEC's website, www.sec.gov . Investor Contact: Salvatore J. DiMartino (516) 683-4286 Media Contact: Steven Bodakowski (248) 312-5872 View original content to download multimedia: https://www.prnewswire.com/news-releases/flagstar-financial-inc-names-lee-smith-as-chief-financial-officer-302331680.html SOURCE Flagstar Financial, Inc.Goalkeepers will concede corners for time-wasting in radical new football law changesNo. 24 UCLA is seeking its eighth straight win on Saturday against an Arizona team that is trying to right the ship after dropping four of its last six games. The game is being played in Phoenix, billed as part of the Hall of Fame Series. It's the first meeting between the storied ex-Pac-12 rivals since the conference's collapse last year and will be the first time the teams have met in a nonconference matchup since 1977. UCLA (8-1) is off to a surprisingly hot start after a nightmarish last season. The Bruins have won seven in a row after falling to New Mexico on Nov. 8. They're coming directly off a 73-71 victory over No. 12 Oregon on Sunday on a game-winning 3-pointer by Dylan Andrews with 0.3 seconds remaining. Eric Dailey Jr. led the way with 19 points on 7-of-8 shooting. The Bruins sit at 2-0 in conference play in their first season as a member of the Big Ten. "My analysis early of the Big Ten is that it's so deep," UCLA coach Mick Cronin said. "I know it probably always was that way, but now it's deeper. You've just got to get better. "I also coach at UCLA where we get the most titles and (have been to) the second-most finals. I didn't come to UCLA to win regular-season games. For us, it's about progression and getting better. "We were able to win (against Oregon) but I thought we got a lot better. We came together. We got more cohesive. The guys played with confidence." Tyler Bilodeau leads UCLA in scoring and rebounding, averaging 13.3 points and 5.9 rebounds per game. Bilodeau played his first two collegiate seasons at Oregon State, although his maiden voyage at UCLA is only his second season as a regular starter. Dailey, a transfer from Oklahoma State, doesn't trail too far behind in either category, averaging 12.3 points and 5.2 rebounds per game. USC transfer Kobe Johnson leads the Bruins with 3.2 assists while also tallying 7.3 points and 5.1 rebounds per game. The Wildcats (4-4) are in the midst of a dreadful start, needing a 102-66 win over Southern Utah to nurse themselves back to .500. Before that, Arizona was just one for its last five. The Wildcats are winless against fellow power-conference opponents, suffering double-digit losses to Wisconsin and Duke. Arizona also absorbed a five-point loss to Oklahoma and a seven-point overtime loss to West Virginia at the Battle 4 Atlantis. "Great programs are going to stumble once in a while," Arizona coach Tommy Lloyd said. "The response is the key. Learning from it and coming back stronger is the objective and that's the challenge. We obviously have been challenged early in the season. "(The emphasis needs to be on) Arizona basketball, because here's the deal: UCLA is a good program. If we go in and all we're worried about is UCLA and we assume that we're going to show up and play well, we're going to get our ass kicked." The Wildcats are led by Caleb Love, who returned for a second season at Arizona and a fifth in college overall after he played his first three seasons at North Carolina. Love is averaging 14.1 points per game on 37.2 percent shooting, down from 18 points per game a season ago. Aside from Love, Arizona has four more players averaging in double figures for the season: Jaden Bradley (12.0 ppg), Trey Townsend (11.3), KJ Lewis (10.3) and Anthony Dell'Orso (10.0). --Field Level Media
KOLLAM: Unlike the previous conferences, the CPM Kollam district conference was highly critical of the state government and the central and state leaders. This may spread to other district conferences also. The shock caused by the heavy defeat in the last parliamentary elections is what prompted the representatives to forget their fear of the leadership and criticise openly. The representatives said that the chief minister grabbing the mic and bending it, insulting the anchor and the party secretary scolding the mic operator, created hatred among the people. The Chief Minister not meeting the media when there are controversies was questioned. Children look in fear at CPM state leaders who bully media workers. There was a demand that the action against EP Jayarajan, who met with BJP leader Prakash Javadekar, should not be limited to removing him from the post of LDF convener. AK Balan was also criticized for controversial remarks like eenampechi (pangolin) and marapatti (palm civet). There were indications that most of the current ministers are incompetent and there was a demand to appoint people with experience as ministers. Warning against sectarianism The state leadership to expected to take a tough stance against sectarianism in the upcoming district assemblies. The exclusion of four district committee members from Karunagapally, where sectarianism is extreme, is a warning. The state leadership is looking forward to whether the Kollam model intervention, where there is no hesitation of dismissal and exclusion if party discipline is violated, will be beneficial. Apart from DYFI district secretary, SFI leader was also included in the district committee. Eight newly elected area secretaries were not considered in the district committee and two women were given a place in the district committee instead.
Conflict of Nations: World War's Season 16 update brings a nuclear winterPadraig O'Hora has become the latest Mayo player to make himself unavailable for the coming season. It comes on the back of Cillian O’Connor’s decision to step away for the 2025 campaign and, like O’Connor, O’Hora hasn’t closed the door on his Mayo career just yet. Although he first featured for Mayo in 2016, O’Hora didn’t make his Championship debut until 2020, at the age of 27, and impressed in their run to the 2021 All-Ireland final, particularly in the semi-final win over Dublin, who suffered their first Championship defeat in six years. READ MORE: Blow for Mayo as highest scoring player in Championship history steps back from county panel READ MORE: Shock as Dublin ladies' All-Ireland winning boss Mick Bohan resigns However, he has dropped down the pecking order more recently, making just two starts this year, one each in the League and Championship. O’Hora suffered a bad head injury while playing for his club, Ballina Stephenites, in the Mayo county quarter-final in September of this year and though he missed the semi-final win over Ballaghadereen, he returned for the final against Knockmore as they retained the title. Along with O’Connor and O’Hora, Mayo manager Kevin McStay will also be without Michael Plunkett, James Carr and Rory Byrne, who have also opted out, in 2025 and while veteran Aidan O’Shea has committed, he is expected to miss the early stages of the League. Get the latest sports headlines straight to your inbox by signing up for free email alerts .Asparaginase Market Global Share, Key Country Analysis and Forecasts 12-13-2024 07:24 PM CET | Health & Medicine Press release from: The Insight Partners Asparaginase Market Global Asparaginase Market Report is a professional and in-depth survey on the current state of the Asparaginase Industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Asparaginase Market analysis is provided for the international market including development history, competitive landscape analysis, and major regions' development status. Download Sample PDF @ https://www.theinsightpartners.com/sample/TIPRE00008224?utm_source=OpenPR&utm_medium=10867 Key Players Analysis: Servier Pharmaceuticals LLC Jazz Pharmaceuticals plc BioVendor R&D Creative Enzymes medac GmbH Changzhou Qianhong Bio-pharma Co Ltd United Biotech Porton Biopharma Taj Pharmaceuticals Limited The report covers key developments in the Asparaginase Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Asparaginase Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Asparaginase Market in the global market. Below mentioned is the list of few companies engaged in the Asparaginase Market. Research report has been compiled by studying the market in-depth along with drivers, opportunities, restraints & other strategies as well as new-developments that can help a reader to understand the exact situation of the market along with the factors that can limit or hamper the market growth and the report also has been updated with Impacts & effects of Coronavirus pandemic and how it has influenced consumer behaviour & the growth of the market as well as industries. SEGMENTATION The study conducts a SWOT analysis of each company to evaluate strengths and weaknesses. It also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Asparaginase market segments and regions. Get Full Copy of This Report @ https://www.theinsightpartners.com/buy/TIPRE00008224?utm_source=OpenPR&utm_medium=10867 The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Asparaginase Market based on various segments. It also provides market size and forecast with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Asparaginase Market by each region is later sub-segmented by respective countries and segments. Contact US Contact Person : Ankit Mathur Phone : +1-646-491-9876 E-mail : sales@theinsightpartners.com About US The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Food and Beverages, Consumers and Goods, Chemicals and Materials. This release was published on openPR.
South Korean President Yoon Suk Yeol on Wednesday said he would lift martial law just hours after he imposed it, in a brief and confusing episode in which he blasted the opposition as "anti-state forces" threatening the country's democracy. The unexpected move from Yoon -- the first time martial law had been declared in South Korea in more than four decades -- alarmed the United States and the country's other allies. What do we know about the imposition, its lifting and what might come next? In a dramatic, late-night emergency television address to the nation, Yoon announced that he was imposing martial law, as he accused the opposition of paralysing the government with "anti-state activities". A six-point decree from the new martial law commander, army chief General Park An-su swiftly followed, banning political activities and parties, "false propaganda", strikes and "gatherings that incite social unrest". The order also brought all media outlets under the authority of martial law and directed all medical staff, including striking doctors, to return to work within 48 hours. Security forces sealed the National Assembly, helicopters landed on the roof and troops entered the building for a short time, seemingly in a bid to prevent lawmakers from getting inside. But 190 lawmakers managed to enter and voted unanimously to reject Yoon's declaration and call for martial law to be lifted. Outside, hundreds of protesters gathered, many raising chants calling for Yoon to be arrested. Following the lawmakers' vote, Yoon backed down. His cabinet additionally approved the motion to lift the order, Yonhap news agency reported. "Just a moment ago, there was a demand from the National Assembly to lift the state of emergency, and we have withdrawn the military that was deployed for martial law operations," Yoon said in a televised address around 4:30 am (1930 GMT Tuesday). Under South Korea's constitution, the parliamentary vote to lift martial law has to be respected. Yoon said he was acting to safeguard his country's liberal democracy from "anti-state elements" and "threats posed by North Korea" -- but gave little detail. While unexpected, the announcement came in the context of a festering budget row between Yoon and the opposition Democratic Party. The opposition has slashed around 4.1 trillion won ($2.8 billion) from Yoon's proposed 677 trillion won budget for next year, prompting the president to complain that "all key budgets essential to the nation's core functions" were being cut. "What is clear is that Yoon has been a deeply unpopular, ineffectual leader and he is having a hard time getting any kind of public support for anything he's trying to do," said Alan Yu, a former US diplomat in Asia now at the Center for American Progress. "The use of martial law feels almost like a desperation move to try to break out, both in a political and policy sense, but it is really poorly played on both fronts." Domestically, pressure has only grown further on Yoon after his late-night bombshell. South Korea's main opposition party has demanded that Yoon step down, accusing him of "insurrection". The country's main labour union group has also called an "indefinite general strike" until he resigns over the "irrational and anti-democratic measure". Yoon's own People Power Party described his attempt at imposing martial law as "tragic" and demanded that those involved be held accountable. South Korea is a key Western ally in Asia, seen as an important democratic bulwark in a region dominated by authoritarian regimes, and the drama is being watched with concern. Washington said it was "relieved President Yoon has reversed course" on his martial law order. Earlier, Britain and Germany both said they were closely following developments. China, a key ally of nuclear-armed North Korea, urged its citizens to exercise caution, while Russia -- itself increasingly close to Pyongyang -- called the situation "alarming". burs-pdw-bfm-hmn/cwlGoogle News redesign simplifies the bottom bar on Android
SANTA ANA, Calif., Dec. 13, 2024 (SEND2PRESS NEWSWIRE) — In a groundbreaking move for the property management and inspection industry, DrBalcony ( drbalcony.com ) introduces its cutting-edge app, a pioneering digital platform designed to revolutionize the balcony inspection process. This innovative tool empowers homeowners, property managers, and Homeowner Associations (HOAs) with a streamlined, intuitive experience, eliminating inefficiencies and redefining how inspections are managed. With a user-friendly interface and advanced features, the DrBalcony App transforms what was once a complex, time-consuming process into one that is seamless and efficient. Users can now obtain instant quotes, create and manage projects, and schedule inspections—all with just a few taps on their devices. “At DrBalcony, we are passionate about reimagining property management through technology,” said Greg, VP of Sales of DrBalcony. “The app reflects our dedication to simplifying inspections while upholding safety and compliance standards. With over 2,500 inspections completed, we’re proud to offer a solution that sets a new benchmark for convenience and reliability.” FEATURES THAT SET THE DRBALCONY APP APART The DrBalcony App is tailored to meet the specific needs of California property owners, offering features designed to ensure the integrity of balcony structures while making compliance with state laws like SB 721 and SB 326 more accessible than ever. Learn more: https://drbalcony.com/services/ A SOLUTION BACKED BY REAL RESULTS “For years, the balcony inspection process has been frustrating and inefficient,” shared Omid, CEO of DrBalcony. “This app eliminates unnecessary complications. From instant quotes to straightforward scheduling, it’s a game-changer.” DOWNLOAD THE DRBALCONY APP TODAY The DrBalcony App is now available for download and marks a significant leap forward in property management. By addressing common pain points in the inspection process, DrBalcony ensures peace of mind for property owners, engineers, and HOAs, all while maintaining safety and compliance with California’s strict balcony safety regulations . About DrBalcony: Story continues below video DrBalcony leverages innovative technology to enhance balcony inspection, focusing on efficiency, safety, and customer-centric solutions. With a mission to simplify the complex, DrBalcony has become a trusted name in the balcony inspection industry, ensuring compliance and safety standards are met with ease. Learn more: https://drbalcony.com/ . Your property’s safety has never been simpler—download the DrBalcony App today! NEWS SOURCE: DrBalcony Keywords: Real Estate, DrBalcony, Balcony Inspections, home inspection, safety, app, solution, service, SB 326, SB 721, SANTA ANA, Calif. This press release was issued on behalf of the news source (DrBalcony) who is solely responsibile for its accuracy, by Send2Press® Newswire . Information is believed accurate but not guaranteed. Story ID: S2P122836 APDF15TBLLI To view the original version, visit: https://www.send2press.com/wire/drbalcony-app-redefines-balcony-inspections-with-unparalleled-efficiency/ © 2024 Send2Press® Newswire, a press release distribution service, Calif., USA. Disclaimer: This press release content was not created by nor issued by the Associated Press (AP). Content below is unrelated to this news story.