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Qatar tribune dpa Tokyo Japanese carmakers Honda and Nissan are discussing a merger with Mitsubishi Motors in a bid to counter fierce global competition in the field of electric vehicles, the companies said in a statement released after an emergency press conference on Monday. Honda and Nissan, Japan’s second and third largest car manufacturers, plan to complete negotiations by June 2025 for a holding company from August 2026, the statement said. Mitsubishi Motors, which is partly owned by Nissan, is to decide by the end of January whether to participate in a merger, it said. Nissan and Honda had already announced in March that they would work together in the future on the development of electric vehicles and software technologies in order to reduce their costs and improve competitiveness. Mitsubishi joined these talks in August. “Honda and Nissan have begun considering a business integration, and will study the creation of significant synergies between the two companies in a wide range of fields,” Honda chief executive Makoto Uchida said. “It is significant that Nissan’s partner, Mitsubishi Motors, is also involved in these discussions.” If the three-way merger goes ahead, the group would become the third-largest carmaker in the world, with combined annual sales of more than 8 million vehicles, rivalling Japanese company Toyota and Germany’s Volkswagen (VW). The companies said they want to pool their resources to be able to better compete against US carmaker Tesla and Chinese electric vehicle manufacturers. Japanese carmakers have fallen behind globally in this field. Nissan is struggling in particular in the Chinese market, where its sales have dropped significantly. The company announced in November that it was cutting around 9,000 jobs worldwide and planned to reduce global production capacities by 20% and reorganize management due to the economic pressure it is facing. Nissan, which employs around 134,000 people, has also lowered its forecast for the second time this year, revising its targeted operating profit for the current fiscal year from 500 billion yen ($3.2 billion) to 150 billion yen. Facing similar competition, a number of other car manufacturers and suppliers, including VW, Bosch and Schaeffler, have also announced large-scale job cuts in recent months. Copy 24/12/2024 10Ottawa mayor speaks on transit funding, federal turmoil in year-end interview
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Stocks 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. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.New OGI Camera Detects Fugitive Ammonia and Sulfur Hexafluoride (SF6) Emissions at Industrial and Manufacturing Facilities Non-Germanium Based Solution Insulates LightPath Customers from China's Recent Ban on Germanium Exports to the United States ORLANDO, Fla. , Dec. 5, 2024 /PRNewswire/ -- LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," or "we"), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced a new version of its Optical Gas Imaging ("OGI") camera platform to detect fugitive ammonia and sulfur hexafluoride (SF6) emissions for industrial and manufacturing applications. LightPath's recently launched OGI Camera platform is a specialized technology utilizing infrared (IR) cameras to detect and visualize emissions, in this case the detection of ammonia and SF6. OGI cameras are capable of visualizing gases that are invisible to the naked eye by detecting the infrared energy absorbed or emitted by the gases. LightPath's purpose-built OGI camera leverages a proprietary non-germanium BlackDiamondTM BD6 lens to improve upon current technologies by offering a cost-effective, higher sensitivity and ultimately more effective solution that concurrently insulates LightPath customers from the geopolitical supply chain issues plaguing competing Germanium based solutions – such as China's recent ban on the export of Germanium to the United States . SF6 is a colorless, odorless, non-flammable, and non-toxic gas, but with a 23,500 times greater global warming potential than CO2. SF6 is used in the electrical industry as a gaseous dielectric medium for electrical equipment and power systems, as well as in medical, semiconductor and other industrial industries. Ammonia is used in food and beverage manufacturing, metal and plastics fabrication, and the energy and chemical industries. "Building on our oil and gas application OGI Camera, our newest variant expands our market potential into additional industrial and manufacturing applications," said Sam Rubin , President and Chief Executive Officer of LightPath. "This version will help detect SF6, the most potent greenhouse gas known to-date, and ammonia, which is also harmful when released into the environment. Managing gas emissions is critical for operations and are controlled by a variety of federal, state and local regulations – making OGI cameras an essential compliance tool. To meet these requirements, a wide spectrum of industries are seeking solutions that are cost effective, highly sensitive, and don't require the use of a proprietary software. "With China's recently announced ban on the export of Germanium to the United States , it's more important than ever for U.S. companies to evaluate non-Germanium solutions for optics and imaging systems of all kinds. In this case, our OGI purpose-built camera with a non-germanium lens improves on current emissions detection technology, satisfies regulatory requirements for our clients, and provides an economical tool for multiple applications while ensuring supply chain security," concluded Rubin. About LightPath Technologies LightPath Technologies, Inc. (NASDAQ: LPTH) is a leading provider of next-generation optics and imaging systems for both defense and commercial applications. As a vertically integrated solutions provider with in-house engineering design support, LightPath's family of custom solutions range from proprietary BlackDiamondTM chalcogenide-based glass materials – sold under exclusive license from the U.S. Naval Research Laboratory – to complete infrared optical systems and thermal imaging assemblies. The Company's primary manufacturing footprint is located in Orlando, Florida with additional facilities in Texas , Latvia and China . To learn more, please visit www.lightpath.com . Forward-Looking Statements This press release includes statements that constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "forecast," "guidance," "plan," "estimate," "will," "would," "project," "maintain," "intend," "expect," "anticipate," "prospect," "strategy," "future," "likely," "may," "should," "believe," "continue," "opportunity," "potential," and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are based on information available at the time the statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the impact of varying demand for the Company products; the ability of the Company to obtain needed raw materials and components from its suppliers; actions governments, businesses, and individuals take in response to the pandemic, including restrictions on onsite commercial interactions; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; geopolitical tensions, the Russian-Ukraine conflict, and the Hamas/ Israel war; the effects of steps that the Company could take to reduce operating costs; the inability of the Company to sustain profitable sales growth, convert inventory to cash, or reduce its costs to maintain competitive prices for its products; circumstances or developments that may make the Company unable to implement or realize the anticipated benefits, or that may increase the costs, of its current and planned business initiatives; and those factors detailed by LightPath Technologies, Inc. in its public filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on 10-Q. Should one or more of these risks, uncertainties, or facts materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by the forward-looking statements contained herein. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Except as required under the federal securities laws and the rules and regulations of the Securities and Exchange Commission, we do not have any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. View original content to download multimedia: https://www.prnewswire.com/news-releases/lightpath-technologies-introduces-new-optical-gas-imaging-camera-for-ammonia-and-sf6-detection-302324317.html SOURCE LightPath TechnologiesMiddle East latest: Israeli strikes on Gaza hospital wound 3, Netanyahu vows 'iron fist' in Lebanon
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Watch Kentucky Dog's Reaction to First Montana Winter: 'Not Funny, Mom'New OGI Camera Detects Fugitive Ammonia and Sulfur Hexafluoride (SF6) Emissions at Industrial and Manufacturing Facilities Non-Germanium Based Solution Insulates LightPath Customers from China's Recent Ban on Germanium Exports to the United States ORLANDO, Fla. , Dec. 5, 2024 /PRNewswire/ -- LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," or "we"), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced a new version of its Optical Gas Imaging ("OGI") camera platform to detect fugitive ammonia and sulfur hexafluoride (SF6) emissions for industrial and manufacturing applications. LightPath's recently launched OGI Camera platform is a specialized technology utilizing infrared (IR) cameras to detect and visualize emissions, in this case the detection of ammonia and SF6. OGI cameras are capable of visualizing gases that are invisible to the naked eye by detecting the infrared energy absorbed or emitted by the gases. LightPath's purpose-built OGI camera leverages a proprietary non-germanium BlackDiamondTM BD6 lens to improve upon current technologies by offering a cost-effective, higher sensitivity and ultimately more effective solution that concurrently insulates LightPath customers from the geopolitical supply chain issues plaguing competing Germanium based solutions – such as China's recent ban on the export of Germanium to the United States . SF6 is a colorless, odorless, non-flammable, and non-toxic gas, but with a 23,500 times greater global warming potential than CO2. SF6 is used in the electrical industry as a gaseous dielectric medium for electrical equipment and power systems, as well as in medical, semiconductor and other industrial industries. Ammonia is used in food and beverage manufacturing, metal and plastics fabrication, and the energy and chemical industries. "Building on our oil and gas application OGI Camera, our newest variant expands our market potential into additional industrial and manufacturing applications," said Sam Rubin , President and Chief Executive Officer of LightPath. "This version will help detect SF6, the most potent greenhouse gas known to-date, and ammonia, which is also harmful when released into the environment. Managing gas emissions is critical for operations and are controlled by a variety of federal, state and local regulations – making OGI cameras an essential compliance tool. To meet these requirements, a wide spectrum of industries are seeking solutions that are cost effective, highly sensitive, and don't require the use of a proprietary software. "With China's recently announced ban on the export of Germanium to the United States , it's more important than ever for U.S. companies to evaluate non-Germanium solutions for optics and imaging systems of all kinds. In this case, our OGI purpose-built camera with a non-germanium lens improves on current emissions detection technology, satisfies regulatory requirements for our clients, and provides an economical tool for multiple applications while ensuring supply chain security," concluded Rubin. About LightPath Technologies LightPath Technologies, Inc. (NASDAQ: LPTH) is a leading provider of next-generation optics and imaging systems for both defense and commercial applications. As a vertically integrated solutions provider with in-house engineering design support, LightPath's family of custom solutions range from proprietary BlackDiamondTM chalcogenide-based glass materials – sold under exclusive license from the U.S. Naval Research Laboratory – to complete infrared optical systems and thermal imaging assemblies. The Company's primary manufacturing footprint is located in Orlando, Florida with additional facilities in Texas , Latvia and China . To learn more, please visit www.lightpath.com . Forward-Looking Statements This press release includes statements that constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "forecast," "guidance," "plan," "estimate," "will," "would," "project," "maintain," "intend," "expect," "anticipate," "prospect," "strategy," "future," "likely," "may," "should," "believe," "continue," "opportunity," "potential," and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are based on information available at the time the statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the impact of varying demand for the Company products; the ability of the Company to obtain needed raw materials and components from its suppliers; actions governments, businesses, and individuals take in response to the pandemic, including restrictions on onsite commercial interactions; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; geopolitical tensions, the Russian-Ukraine conflict, and the Hamas/ Israel war; the effects of steps that the Company could take to reduce operating costs; the inability of the Company to sustain profitable sales growth, convert inventory to cash, or reduce its costs to maintain competitive prices for its products; circumstances or developments that may make the Company unable to implement or realize the anticipated benefits, or that may increase the costs, of its current and planned business initiatives; and those factors detailed by LightPath Technologies, Inc. in its public filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on 10-Q. Should one or more of these risks, uncertainties, or facts materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by the forward-looking statements contained herein. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Except as required under the federal securities laws and the rules and regulations of the Securities and Exchange Commission, we do not have any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. View original content to download multimedia: https://www.prnewswire.com/news-releases/lightpath-technologies-introduces-new-optical-gas-imaging-camera-for-ammonia-and-sf6-detection-302324317.html SOURCE LightPath TechnologiesGlobal stocks mostly rose Tuesday, with US and German indices posting records, as markets weighed Chinese stimulus hopes, political tensions in France and the US interest-rate outlook. Germany's blue-chip DAX stock index jumped above 20,000 points for the first time and Paris rebounded even as France braced for new political turmoil. In New York, both the S&P 500 and Nasdaq narrowly rose to finish at records, while the Dow pulled back. Oil prices jumped more than two percent following reports that crude exporters were near an agreement to extend production limits. A closely-watched labor market report showed an increase in US job openings in October, but also a decline in new job postings during the month, a less upbeat sign. Samuel Tombs, chief US economist at Pantheon Macroeconomics, said the data overall provides "good grounds" for the Federal Reserve to lower interest rates again this month. Still, the choppiness of Tuesday's trading session in New York points to reticence among US investors following a series of post-election records that many pundits believe have left stocks overvalued. "There wasn't a lot of conviction behind the upside moves," said Briefing.com . "The overall vibe in the market was more negative." Stocks in Paris edged higher even as France headed into a new political crisis as opposition lawmakers vowed to topple the minority government of Prime Minister Michel Barnier in a no-confidence vote after just three months in office. Germany's DAX, meanwhile, scored a fresh milestone, defying multiple headwinds battering Europe's biggest economy. The German economy, hit hard by a manufacturing slowdown and weak demand for its exports, has struggled in 2024. Yet the DAX has advanced in large part because companies in the index do heavy business abroad. In addition, the euro's recent weakness has boosted Germany's export-oriented companies, while easing interest rates both in the eurozone and the United States have also helped sentiment. Investors greeted a Bloomberg report that China's top leaders, including President Xi Jinping, would hold a two-day economic work conference next week to outline their targets and stimulus plans for next year. The report followed manufacturing activity data on Monday that suggested China's economic struggles may be coming to an end, but investors are looking for Beijing to step up support for the economy. The news helped push Hong Kong and Shanghai stock markets higher despite Washington announcing new export restrictions taking aim at Beijing's ability to make advanced semiconductors. The moves step up existing US efforts to tighten curbs on exports of state-of-the-art AI chips to China. Beijing hit back by saying it would restrict exports to the United States of some key components in making semiconductors. Oil prices jumped ahead of a meeting Thursday of members of the OPEC oil cartel and its allies "The forecast is that they will announce an extension until the end of the first quarter of 2025, and this should help put a floor under prices," said Trade Nation analyst David Morrison. More from this section New York - Dow: DOWN 0.2 percent at 44,705.53 (close) New York - S&P 500: UP 0.1 percent at 6,049.88 (close) New York - Nasdaq Composite: UP 0.4 percent at 19,480.91 (close) London - FTSE 100: UP 0.6 percent at 8,359.41 (close) Paris - CAC 40: UP 0.3 percent at 7,255.42 (close) Frankfurt - DAX: UP 0.4 percent at 20,016.75 (close) Tokyo - Nikkei 225: UP 1.9 percent at 39,248.86 (close) Hong Kong - Hang Seng Index: UP 1.0 percent at 19,746.32 (close) Shanghai - Composite: UP 0.4 percent at 3,378.81 (close) Euro/dollar: UP at $1.0511 from $1.0498 on Monday Pound/dollar: UP at $1.2673 from $1.2655 Dollar/yen: DOWN at 149.53 yen from 149.60 yen Euro/pound: DOWN at 82.94 from 82.95 pence Brent North Sea Crude: UP 2.5 percent at $73.62 per barrel West Texas Intermediate: UP 2.7 percent at $69.94 per barrel burs-jmb/dw
Luigi Mangione pleads not guilty to murder and weapons charges in UnitedHealthcare CEO's deathINDIANAPOLIS — There's more than just school pride and bragging rights to all that bellyaching over who might be in and who might be out of college football 's first 12-team playoff. Try the more than $115 million that will be spread across the conferences at the end of the season, all depending on who gets in and which teams go the farthest. According to the College Football Playoff website , the 12 teams simply making the bracket earn their conferences $4 million each. Another $4 million goes to conferences whose teams get into the quarterfinals. Then, there's $6 million more for teams that make the semifinals and another $6 million for those who play for the title. Most of this bonanza comes courtesy of ESPN, which is forking over $1.3 billion a year to televise the new postseason. A lot of that money is already earmarked — more goes to the Big Ten and Southeastern Conference than the Big 12 or Atlantic Coast — but a lot is up for grabs in the 11 games that will play out between the opening round on Dec. 20 and the final on Jan. 20. In all, the teams that make the title game will bring $20 million to their conferences, all of which distribute that money, along with billions in TV revenue and other sources, in different ways. In fiscal 2022-23, the Big Ten, for instance, reported revenue of nearly $880 million and distributed about $60.5 million to most of its members. The massive stakes might help explain the unabashed lobbying coming from some corners of the football world, as the tension grows in advance of Sunday's final rankings, which will set the bracket. Earlier this week, Big 12 commissioner Brett Yormark lit into the selection committee, which doesn't have a single team higher than 15 in the rankings. That does two things: It positions the Big 12 as a one-bid league, and also threatens to makes its champion — either Arizona State or Iowa State — the fifth-best among conference titlists that get automatic bids. Only the top four of those get byes, which could cost the Big 12 a spot in the quarterfinals — or $4 million. “The committee continues to show time and time again that they are paying attention to logos versus resumes,” Yormark said this week, while slamming the idea of teams with two losses in his conference being ranked worse than teams with three in the SEC. The ACC is also staring at a one-bid season with only No. 8 SMU inside the cut line of this week's projected bracket. Miami's loss last week all but bumped the Hurricanes out of the playoffs, a snub that ACC commissioner Jim Phillips said left him “incredibly shocked and disappointed." “As we look ahead to the final rankings, we hope the committee will reconsider and put a deserving Miami in the field," Phillips said in a statement. The lobbying and bickering filters down to the campuses that feel the impact. And, of course, to social media. One of the most entertaining episodes came earlier this week when athletic directors at Iowa State and SMU went back and forth about whose team was more deserving. There are a few stray millions that the selection committee cannot really influence, including a $3 million payment to conferences that make the playoff. In a reminder that all these kids are going to school, after all, the conferences get $300,000 per football team that meets academic requirements to participate in the postseason. (That's basically everyone). ___ 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-footballIndiana 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
Before the puck drops at 7:00 PM ET in Saturday’s game between the Carolina Hurricanes and the Columbus Blue Jackets, here are the best bets you should be considering, whether you’re looking to place a single wager or have your eyes set on building a parlay. Sign up for ESPN+ today to watch 1,000+ out-of-market NHL games, ESPN+ Hockey Night & more. Bet on this or any NHL matchup at BetMGM. Pick OU: Over 6.5 (model projecting 6.7 goals) Bet on the total at BetMGM today! Hurricanes Moneyline: -249 Blue Jackets Moneyline: +202 Place your moneyline bet at BetMGM now! Prediction: Carolina 4, Columbus 3 Looking for officially licensed NHL gear? Fanatics has jerseys, hats, apparel, memorabilia, trading cards, collectibles and more. Watch 1,000+ out-of-market NHL games, ESPN+ Hockey Night & more streaming all season on ESPN+. Not all offers available in all states, please visit BetMGM for the latest promotions for your area. Must be 21+ to gamble, please wager responsibly. If you or someone you know has a gambling problem, contact 1-800-GAMBLER .