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NEW YORK , Dec. 18, 2024 /PRNewswire/ -- S&P MidCap 400 constituent Lennox International Inc. (NYSE: LII) will replace Catalent Inc. (NYSE: CTLT) in the S&P 500, and BILL Holdings Inc. (NYSE: BILL) will replace Lennox International in the S&P MidCap 400 effective prior to the opening of trading on Monday, December 23 . Novo Holdings A/S has acquired Catalent in a deal that closed today, December 18 . Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector Dec 23, 2024 S&P 500 Addition Lennox International LII Industrials Dec 23, 2024 S&P 500 Deletion Catalent CTLT Health Care Dec 23, 2024 S&P MidCap 400 Addition BILL Holdings BILL Information Technology Dec 23, 2024 S&P MidCap 400 Deletion Lennox International LII Industrials For more information about S&P Dow Jones Indices, please visit www.spdji.com ABOUT S&P DOW JONES INDICES S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets. S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com . FOR MORE INFORMATION: S&P Dow Jones Indices index_services@spglobal.com Media Inquiries spdji.comms@spglobal.com View original content: https://www.prnewswire.com/news-releases/lennox-international-set-to-join-sp-500-and-bill-holdings-to-join-sp-midcap-400-302335548.html SOURCE S&P Dow Jones IndicesKingsview Wealth Management LLC reduced its stake in shares of Xylem Inc. ( NYSE:XYL – Free Report ) by 9.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,417 shares of the industrial products company’s stock after selling 240 shares during the period. Kingsview Wealth Management LLC’s holdings in Xylem were worth $326,000 as of its most recent SEC filing. Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swedbank AB increased its holdings in shares of Xylem by 22.8% during the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after buying an additional 554,609 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Xylem during the third quarter worth $52,169,000. Champlain Investment Partners LLC raised its position in Xylem by 17.8% in the third quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company’s stock valued at $223,851,000 after purchasing an additional 249,975 shares during the period. LPL Financial LLC lifted its position in Xylem by 246.6% in the second quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company’s stock valued at $44,012,000 after buying an additional 230,878 shares during the last quarter. Finally, TCW Group Inc. boosted its stake in Xylem by 189.2% during the second quarter. TCW Group Inc. now owns 315,400 shares of the industrial products company’s stock worth $42,778,000 after buying an additional 206,350 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock. Xylem Price Performance Xylem stock opened at $126.68 on Friday. The stock has a market cap of $30.78 billion, a P/E ratio of 37.04, a price-to-earnings-growth ratio of 2.31 and a beta of 1.05. The company has a fifty day simple moving average of $129.53 and a 200-day simple moving average of $133.88. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12-month low of $102.67 and a 12-month high of $146.08. Xylem Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 annualized dividend and a dividend yield of 1.14%. Xylem’s dividend payout ratio is presently 42.11%. Analyst Ratings Changes XYL has been the topic of a number of research analyst reports. Royal Bank of Canada cut their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. UBS Group began coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price for the company. Robert W. Baird cut their price target on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, TD Cowen lowered their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.64. View Our Latest Stock Report on XYL Xylem Profile ( Free Report ) Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands. Read More Want to see what other hedge funds are holding XYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xylem Inc. ( NYSE:XYL – Free Report ). Receive News & Ratings for Xylem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem and related companies with MarketBeat.com's FREE daily email newsletter .panalo.999 。

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APPLE has halted work on a project to build an iPhone hardware subscription service, according to sources familiar with the matter, retreating from an attempt to change the way consumers buy its flagship device. The idea was to make owning an iPhone such as subscribing to an app – with consumers paying monthly fees and getting new phones each year – but Apple recently wound down the effort, according to sources familiar with the matter. The team was disbanded and reassigned to other projects, said the sources, who asked not to be identified because the work was confidential. The move is part of a broader shift in how Apple approaches payment services. The subscription effort was overseen by the company’s Apple Pay group, which also shuttered a “buy now, pay later” programme earlier this year. That service let shoppers pay off purchases over multiple instalments, but Apple is now steering consumers towards third-party programmes instead. Bloomberg News first reported on the iPhone subscription service in 2022, when the programme was due to launch by the end of that year. It was ultimately delayed until 2023 – and beyond – after suffering numerous setbacks, including software bugs and regulatory concerns. Top company executives had sent the work back to the drawing board before the project was finally scrapped. A representative for Cupertino, California-based Apple declined to comment. When Apple began work on the hardware subscription service a few years ago, it was aiming to sell more iPhones and generate a greater amount of recurring revenue. The device is Apple’s biggest moneymaker, accounting for just over half of annual sales. The company also wanted to further lock users in to the Apple product ecosystem. It would work like this: Instead of paying for an iPhone outright or signing up for an instalment plan, customers would have a monthly fee billed to the same Apple account they use for downloading apps and subscribing to services. They’d then be able to swap out their iPhone for a new model each year. Like the now-defunct Apple Pay Later programme, the hardware subscription would use an in-house financial infrastructure and be based on loans provided by the company itself. Early this year, Apple deployed the iPhone subscription service as a test for employees within its Pay group. Teams working on App Store billing and the online store were also involved. The service would have competed with – and likely upset – Apple’s wireless carrier partners, which increasingly rely on instalment programmes and promotions to sell iPhones and retain customers. It also may have replaced two programmes long offered by Apple itself. That includes the iPhone Upgrade Program, which splits up the cost of a phone over two years and is backed by loans provided by Citizens Bank. The other is Apple Card Monthly Installments, which is handled by Goldman Sachs and is only available in the US. The Apple Pay organisation is led by Jennifer Bailey, a top deputy to services chief Eddy Cue. The group has sought to expand the company’s services revenue in a complex and highly regulated financial industry – no easy task. A few years ago, it initiated “Project Breakout”, an effort to build internal tools and rely less upon partners from the financial industry. When the company cancelled Apple Pay Later, a major factor in the decision was stricter rules by the Consumer Financial Protection Bureau. The agency said this year that pay-later-style services would have to follow the same regulations as credit card companies. That’s a headache Apple did not want to deal with, especially since the size of the business is relatively small. Given that the iPhone subscription service would use a similar structure and technology as Apple Pay Later, the company became concerned that it too would face scrutiny. Apple teamed up with Affirm Holdings and Klarna Bank to continue to offer pay-later options within its Pay service without being regulated directly. Apple could conceivably pursue new partnerships to revive the iPhone subscription programme, but the company has no current plans to go it alone. BLOOMBERGReality star turned actress Kim Kardashian doesn’t seem to be getting any better at editing her photos. The SKIMS founder’s social media is almost always under some type of scrutiny. She was recently slammed for mocking Catholic prayer with a “wild” rosary lingerie shoot . Just a week before that, she received backlash for the seductive snaps she took with her new $30k Tesla robot . Her critics’ latest comments come after she posted a sneak peek into her latest project . Kim is once again joining one of Ryan Murphy’s drama series. The television personality will be starring in the upcoming Hulu show All’s Fair. The series follows a successful divorce lawyer as she owns an all-female firm in Los Angeles. She will work alongside a star-studded cast that includes Naomi Watts, Sarah Paulson and Teyana Taylor. Along with her mother Kris Jenner , Kim also acts as an executive producer on the series. Considering the show won’t be released until sometime next year, the reality star decided to share a sneak peek into the new drama on her Instagram . Kim posed against a wall wearing a white blazer with a matching lace-up pencil skirt. She completed the look with red accessories including a leather handbag, a pair of fishnet stockings and pointed-toe pumps. Although she seemed eager to bring some attention to the new show, the main thing her fans seemed to be focused on was the mirror behind her. It turns out many picked up on an apparent distortion in the reflective glass. In one of the photos, her backside looked different in the camera than it did in the mirror. Her few critics took to Reddit to point out the photo-editing blunder. DON'T MISS: Kim Kardashian unbothered out with pals after Taylor Swift’s TTPD 'diss track' Kourt Kardashian slams bodyshamer after troll claims she won't like Kim for snap Kylie Jenner 'shuts out' pals as she focuses all on beau Timothee Chalamet One person said: "Mirror, Mirror on the Wall. Oops! She forgot to photoshop the mirror." Another mentioned: "Her a-- is HUGE here and she’s clearly photoshopped thinner, so imagine how big it must really be now...." A third added: “The mirror doesn’t lie." Someone else believed the mistake was intentional. "She didn't forget and we're falling for it. Bad photoshop and rage-bait is all that they have left for attention and headlines,” the person responded.Students were recognised for their achievements in the Kaikorai Valley College 2024 junior prizegiving. Year 9: Nader Aldouss, 1st Place in pe: "moving, moving, moving" and "sports academy", commendation in mathematics and pe: "moving moving moving"; Audrey Alfonso, mīharo award, 3rd place in Japanese: "introductory", science: "stuff your face" and Te Reo, commendation in pe: "moving moving moving" and social science: "when nature fights back", diligence award; Ethan Amato, 3rd place in science: "stuff your face", commendation in English, mathematics and music, diligence award; Ethan Baker-Cooper, mīharo award, 3rd place in art "that's surreal", commendation in music, diligence award; Jacob Batchelor, diligence award; Jake Berzuela, mīharo award, year 9 academic award for Kōwhai house, 2nd place in Japanese: "introductory" and music, 3rd place in science: "nature's guardians", commendation in art: "mix&match", humanities: "truth in film", music and mathematics, diligence award; Noah Blackwood, commendation in art; Riley Boock-Souden, 1st place in science: "stuff your face", commendation in English, diligence award; Levi Bottomley, mīharo award, 2nd place in pe: "born to move", commendation in music and urban farm, diligence award; Aaron Broekhuyse, commendation in technology wood, diligence award; Aeva Cairns-Whitcombe, mīharo award, commendation in art and mathematics; Talia Constable, commendation in urban farm; Kaitlynn Cooper, commendation in English; Aiden Dowson-Trevathan, commendation in design and visual communication; Blake Dowson-Trevathan, mīharo award, 1st place in urban farm, 2nd place in science: "stuff your face", commendation in urban farm, diligence award; Teegan Driver, 2nd place in music, commendation in music and technology: "digital artistry", diligence award; Chris Forbes, 1st place in design and visual communication, 3rd place in science foundations, commendation in art and humanities: "the amazing race"; Ben Geddes, 1st place in pe: "born to move", 3rd place in humanities: "the amazing race", commendation in design and visual communication, mathematics, science: "nature's guardians" and urban farm, diligence award; Des Gordon, commendation in music; Bailey Guise, mīharo award, 1st place in pe: "sports education", 3rd place in pe: "sports academy" and urban farm, commendation in English, pe: "sport's education" and science: "csi", diligence award; Zoe Hipgrave, mīharo award, year 9 academic award for rātā house, 1st place in foods: "street food", music, science: "nature's guardians", science: "stuff your face" and urban farm, 2nd place in English, social science: "when nature fights back" and Te Reo, 3rd place in mathematics, commendation in mathematics, music and science foundations, diligence award; Flynn Hunter, 3rd place in music, commendation in music; Zac Johnson, 3rd place in art: "pop culture", 4th place in mathematics, commendation in art, English and Japanese: "introductory"; Jazmine Jones mīharo award, 5th place in English (5=), commendation in food technology, diligence award; Kaden Kirkman, 3rd place in urban farm, 4th place in English, commendation in humanities: "Hitler & the holocaust", mathematics, pe: "train to gain" and science foundations; Leilah Legaspi-Vivian, 1st place in music, commendation in English, Japanese: "introductory" and music; Nick Lorden, commendation in English; Sam Matheson, 1st place in pe: "born to move", 2nd place in urban farm, commendation in technology wood, diligence award; Sophie McAlevey, 2nd place in pe: "sports education" and technology: utility bag", 5th place in English (5=), commendation in English and mathematics, diligence award; Jake McCormick, commendation in English, science foundations and science: "to infinity & beyond"; Maree McMillan Unahi, diligence award; Bastien Millar, 1st place in music production, 2nd place in mathematics, commendation in English, humanities: "money talks", science foundations and social science: "when nature fights back"; Juneya Paki, commendation in music; Logan Parrish, 1st place in science: "csi", 2nd place in science: "stuff your face", 5th place in mathematics, commendation in English, music and science: "nature's guardians", diligence award; Keisha Pritchard, mīharo award, year 9 academic award for Mataī House, 1st place in English, design and visual communication and science: "to infinity & beyond", 2nd place in art: "that's surreal", humanities: "truth in film" and science: "nature's guardians", 3rd place in art: "mix and match", commendation in English, Japanese: "introductory" and mathematics, diligence award; Henry Reid, commendation in music; Devon Richards, commendation in English and music; Ferguson Richardson, commendation in humanities: "money talks", music and mathematics, diligence award; Nikcoie Saxon, commendation in music; Shriya Shania, 2nd place in pe: "sports academy", English, 3rd place in science: "csi", commendation in English, food technology and music, diligence award; Bella Sinton, mīharo award, commendation in mathematics; Mason Stobba, commendation in music; Campbell Tate, mīharo award, year 9 academic award for Tōtara house, 1st place in Japanese: "introductory", mathematics and Te Reo, 2nd place in music production, 3rd place in English and science foundations, commendation in humanities: "money talks", mathematics and music, diligence award; Tyrone Toomey, 3rd place in pe: "sports education", commendation in music, diligence award; Logan Williamson, 2nd place in science: "csi", Commendation in design and visual communication, mathematics, music and science foundations, diligence award. Year 10: Khaled Akleh, mīharo award, 2nd place in sports academy, commendation in food technology; Chaymaa Aldouss, mīharo award, commendation in art, English, Japanese: "language & culture", Japanese: "life & scripts", science foundations and technology: “colour & make”, diligence award; Azzliah Alfonso, commendation in humanities: "don't forget your roots", Japanese: "language & culture", Japanese: "life & scripts" and science: "to infinity & beyond", diligence award; Sophie Alnashi, commendation in art and urban farm; Gaza Aqwa Ghosani, mīharo award, year 10 academic award for Kōwhai house, 1st place in humanities: "money talks" (1=) and humanities: "truth in film", 2nd place in science foundations, 3rd place in mathematics, diligence award; Lillian Bain, commendation in English, food technology and technology wood; Eden Bell Nash, year 10 academic award for Mataī house, 1st place in pe: "born to move", science foundations and technology wood (1=), 2nd place in pe: "moving, moving, moving" and science: "stuff your face", 3rd place in English, commendation in food technology, mathematics and technology wood, diligence award; Danyon Bent, mīharo award, 3rd place in pe: "let's get active", 5th place in mathematics, diligence award; Millie Burgess, mīharo award, year 10 academic award for Rātā house, 1st place in Japanese: "life and scripts", 2nd place in science: "stuff your face", commendation in science: "csi", diligence award; George Canning, commendation in humanities: "money talks" and science foundations, diligence award; Hayley Chronican, 1st place in science: "csi", 3rd place in technology: "colour & make", 4th place in English (4=), commendation in English; Callum Crawford, commendation in music; Darcy Cunningham-Fitzpatrick, mīharo award, 1st place in food technology and humanities: "the amazing race", 2nd place in sports education, 5th place in English, commendation in mathematics and science: "stuff your face"; Ioaba Dean-Harris, 2nd place in Te Reo, commendation in pe: "train to gain", diligence award; Paige Duthie, mīharo award, 1st place in art "that's surreal", 2nd place in art: "mix & match" and art: "pop culture", commendation in science: "csi", diligence award; Daniel Duxbury, commendation in social science: "nature fights back", science: "stuff your face"; Alyssa Evans, mīharo award, 3rd place in Japanese: "life and scripts", commendation in science: "to infinity & beyond", diligence award; Kody Everitt, commendation in mathematics; Danni Fellows, commendation in art; Keegan Fenton-Todd, mīharo award; Noah Fitiao-Cross, mīharo award, year 10 academic award for Tōtara house, 1st place in humanities: "ancient antics", pe: sports academy" and pe: "train to gain", 2nd place in English and mathematics, 3rd place in music production, commendation in mathematics and music, diligence award; Dominic Free, mīharo award, 1st place in technology: "game design", commendation in English, diligence award; Lachlan Gascoyne, commendation in digital technology: "web design"; Bella Geekie, mīharo award, 2nd place in Japanese: "life and scripts", 3rd place in humanities: "money talks", commendation in English, food technology, mathematics and science foundations, diligence award; Leeroy Hemopo, commendation in design and visual communication; Leo Hemopo, commendation in music and urban farm, diligence award; Yuko Hirashima, mīharo award, 1st place in maths, science: "stuff your face", commendation in art and mathematics, diligence award; Katheleen Hollands, mīharo award; 2nd place in technology: "colour & make" and street food, 3rd place in science: "csi", commendation in japanese: "language & culture", pe: "moving moving moving" and social sciences: "when nature fights back"; Amber Hurring, mīharo award, 1st place in humanities: "money talks", commendation in English, food technology, pe: "moving moving moving" and science foundations; Pranav Jiresh, commendation in technology wood, diligence award; Jasraj Kang, mīharo award, commendation in technology wood, diligence award; Olivia Keightley-Todd, mīharo award, commendation in English, Japanese: "language & culture", Japanese: "life & scripts" and science: "csi"; Jade Kidd, 2nd place in food technology, 3rd place in pe: "born to move", commendation in music, science: "csi and science foundations, diligence award; Joshua Kruskopf, 4th place in mathematics, commendation in English, music and science: "csi", diligence award; Jamie Lind, commendation in music; Shikayla Low, mīharo award, 1st place in technology: "colour & make", 2nd place in science: "csi", 3rd place in humanities: "ancient antics" and "truth in film", commendation in art; Chevy MacDonald,2nd place in better breakfast and technology: "game design", 3rd place in better breakfast, commendation in food technology, music and technology: "colour & make"; Kayla Marsh, 1st place in Te Reo, commendation in English and music; Lucy Marsh, commendation in food technology; Yuuki McIntosh-Yamada, 3rd place in urban farm, commendation in science: "stuff your face" and maths; Taiaha McKay, mīharo award, 3rd place in technology wood, commendation in design and visual communication, English, mathematics, pe: "train to gain" and science: "csi"; Sarah McKenzie, mīharo award, commendation in Japanese: "life & scripts", science: "stuff your face" and technology wood; Yoku Miura, mīharo award, 1st place in English and urban farm, 2nd place in humanities: "ancient antics", commendation in English, food technology, mathematics and digital technology: "web design", diligence award; Noah Moynihan, 3rd place in pe: "sports academy"; Ruben Parsons, 1st place in tet: "utility bag"; Mikaela Rankin, commendation in art, English, humanities: "money talks" and science: "csi"; Bryn Rees, commendation in science: "csi", diligence award; William Roy-Jones, mīharo award, commendation in music, diligence award; Nicholas Serna, 3rd place in pe: "sports education", commendation in Japanese: "life & scripts" and pe: "sports education"; Joshua Shand, 1st place in pe: "sports education", 2nd place in pe: "born to move", commendation in English and pe: "born to move"; Ethan Sinclair, mīharo award, 2nd place in pe: "let's get active" and urban farm, commendation in English, humanities: "ancient antics" and Te Reo, diligence award; Toby Sinclair, 1st place in technology wood, commendation in music; Ruby Smith, commendation in art, English and music, diligence award; Salem Trounson, mīharo award, 1st place in digital technology: "web design", commendation in art, English and mathematics, diligence award; Sara Tuapawa, 1st place in better breakfast, commendation in science: "csi", food technology and science foundation; Marcus Viggo, mīharo award; Kassie Vincent, commendation in humanities: "don't forget your roots", music and pe: "moving moving moving"; Kotuku Wana, 1st place in pe: "let's get active" and pe: moving moving moving", 2nd place in pe: "train to gain", commendation in English, humanities: "ancient antics" and mathematics; Luka Watkin-Robertson, mīharo award, 2nd place in technology wood, 3rd place in pe: "train to gain", commendation in English, mathematics, music and science: "csi"; Zavier Watterston, mīharo award, diligence award; Natalie Weis, 1st place in art: "mix & match" and art: "pop culture", 2nd place in digital technology: "web design", 4th place in English (4=), commendation in food technology, humanities: Hitler & the holocaust, mathematics and urban farm, diligence award; Arni-ka Williams, 2nd place in humanities: "the amazing race", 3rd place in tet: "utility bag", commendation in English and music, diligence award. Special Awards: Natalie Weis, excellence in junior art; Jasmine Tiffany, excellence in junior Māori; Aaron Broekhyuse, contribution to the urban farm; Campbell Tate, young Māori achiever at years 7-9; Carlos Gos'e, citizenship at year 7; Graham Lee, citizenship at year 8; Ethan Amato, citizenship year 9-10 (boy); Eden Bell-Nash, citizenship year 9-10 (girl); Benjamin Fitiao-Cross, academic achievement at year 7; Lily Swensen-McLean, academic achievement at year 8; Keisha Pritchard, academic achievement at year 9; Noah Fitiao-Cross, academic achievement at year 10; Noah Fitiao-Cross, best all-round junior student

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Denis O’Brien has added to his sporting empire with a deal to buy full control of the company that operates the Caribbean Premier League (CPL) cricket competition. The cricket business had been owned by Digicel, the telecoms empire founded by Mr O’Brien and where he is now a minority shareholder. Cricket Sporting Investments Limited (CSIL), the holding company of CPL, said the sale has been agreed following a comprehensive sales process run by Digicel and its advisers Oakwell Sports Advisory. The deal, which was announced on December 23, continues Mr O’Brien’s lengthy involvement in sports. At one point he paid the wages of the Republic of Ireland football team manager and was a financial supporter of Irish rugby. He owns the Camiral Golf & Wellness resort outside Girona, in Spain, that is expected to host the 2031 Ryder Cup. In the Caribbean, the Republic Bank CPL competition is an international league played by representative teams from six West Indian countries. They compete in an annual tournament of the shortened ‘Twenty20’ cricket format. The league is sponsored by Republic Bank, which is headquartered in Trinidad and Tobago but operates across much of the Caribbean. The CEO of the Republic Bank CPL, Pete Russell, said Mr O’Brien had been centrally involved with the tournament since it launched in 2013. “Denis’s decision to take ownership of the league highlights his faith in the future of cricket in the region and the role CPL can play in that future,” he said. The chairman of CPL, Richard Bevan, said the annual tournament is the best attended sporting event in the region. Denis O'Brien. Photo: Damien Eagers News in 90 Seconds 27 December 2024 “We are excited to continue the journey with CPL and by Denis taking full ownership it allows us to ensure continuity and support for the management team whilst working closely with CWI president, Dr Kishore Shallow, the CWI board, the CWI executive team and other key stakeholders to create even more opportunities for the considerable cricketing talent that we are blessed to have in the region.” Denis O’Brien said: “I have a deep love for the Caribbean and its people so it is exciting for me to see the impact CPL has had in uniting local communities – something about which I am very passionate. I will continue to ensure CPL makes a positive economic and cultural impact in the countries where we play and use the tournament as a platform for developing stars of the future, whilst shining a positive light on the Caribbean.” At the start of 2024, Mr O’Brien ceded majority control of his Digicel mobile empire, which operates in countries across the Caribbean, to a consortium of lenders led by PGIM, Contrarian Capital Management and GoldenTree Asset Management. He retained a 10pc stake in the business, a seat on the board and options over another potential 10pc stake. The CPL deal indicates his ongoing involvement in the region, where he is also founder and patron of the philanthropic Digicel Foundation. He also founded the Repair Campaign, a social movement for reparatory justice in the Caribbean that campaigns for redress to help reverse the long-term effects of slavery and colonialism on the region.UK study: Older adults less likely to experience cybercrime than younger adults—but it's more financially devastating50 Cent opens Las Vegas Strip production amid Eminem buzz

Children of the wealthy and connected get special admissions consideration at some elite U.S. universities, according to new filings in a class-action lawsuit originally brought against 17 schools. Georgetown’s then-president, for example, listed a prospective student on his “president’s list” after meeting her and her wealthy father at an Idaho conference known as “summer camp for billionaires,” according to Tuesday court filings in the price-fixing lawsuit filed in Chicago federal court in 2022. Although it’s always been assumed that such favoritism exists, the filings offer a rare peek at the often secret deliberations of university heads and admissions officials. They show how schools admit otherwise unqualified wealthy children because their parents have connections and could possibly donate large sums down the line, raising questions about fairness. Stuart Schmill, the dean of admissions at the Massachusetts Institute of Technology, wrote in a 2018 email that the university admitted four out of six applicants recommended by then-board chairman Robert Millard, including two who “we would really not have otherwise admitted.” The two others were not admitted because they were “not in the ball park, or the push from him was not as strong.” In the email, Schmill said Millard was careful to play down his influence on admissions decisions, but he said the chair also sent notes on all six students and later met with Schmill to share insight “into who he thought was more of a priority.” The filings are the latest salvo in a lawsuit that claims that 17 of the nation’s most prestigious colleges colluded to reduce the competition for prospective students and drive down the amount of financial aid they would offer, all while giving special preference to the children of wealthy donors. “That illegal collusion resulted in the defendants providing far less aid to students than would have been provided in a free market,” said Robert Gilbert, an attorney for the plaintiffs. Since the lawsuit was filed, 10 of the schools have reached settlements to pay out a total of $284 million, including payments of up to $2,000 to current or former students whose financial aid might have been shortchanged over a period of more than two decades. They are Brown, the University of Chicago, Columbia, Dartmouth, Duke, Emory, Northwestern, Rice, Vanderbilt and Yale. Johns Hopkins is working on a settlement and the six schools still fighting the lawsuit are the California Institute of Technology, Cornell, Georgetown, MIT, Notre Dame and the University of Pennsylvania. MIT called the lawsuit and the claims about admissions favoritism baseless. “MIT has no history of wealth favoritism in its admissions; quite the opposite,” university spokesperson Kimberly Allen said. “After years of discovery in which millions of documents were produced that provide an overwhelming record of independence in our admissions process, plaintiffs could cite just a single instance in which the recommendation of a board member helped sway the decisions for two undergraduate applicants." In a statement, Penn also said the case is meritless that the evidence shows that it doesn't favor students whose families have donated or pledged money to the Ivy League school. “Plaintiffs’ whole case is an attempt to embarrass the University about its purported admission practices on issues totally unrelated to this case," the school said. Notre Dame officials also called the case baseless. “We are confident that every student admitted to Notre Dame is fully qualified and ready to succeed,” a university spokesperson said in a statement. The South Bend, Indiana, school, though, did apparently admit wealthy students with subpar academic backgrounds.