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Men Searching for Sasquatch Found Dead: What We KnowCan Nvidia Revolutionize the Future of AI? Discover the Surprising NumbersTEL AVIV, Israel (AP) — The dramatic downfall of Syrian President Bashar Assad presents possible danger, and an opening, for neighboring Israel. After fighting wars on multiple fronts for months, Israel is now concerned that unrest in Syria could spill over into its territory. Israel also views the end of the Assad regime as a chance to disrupt Iran's ability to smuggle weapons through Syria to the Lebanese militant group Hezbollah. The Israeli military over the weekend began seizing control of a demilitarized buffer zone in Syria created as part of a 1974 ceasefire between the countries. It said the move was temporary and meant to secure its border. But the incursion sparked condemnation, with critics accusing Israel of violating the ceasefire and possibly exploiting the chaos in Syria for a land grab. Israel still controls the Golan Heights that it captured from Syria during the 1967 Mideast war and later annexed — a move not recognized by most of the international community. Here’s a look at recent developments along the Syrian frontier. Prime Minister Benjamin Netanyahu said Sunday that Israeli forces were moving to control a roughly 400-square-kilometer (155-square-mile) demilitarized buffer zone in Syrian territory. The buffer zone between Syria and the Israeli-controlled Golan Heights was created by the U.N. after the 1973 Mideast war. A U.N. force of about 1,100 troops has patrolled the area since then. On a visit Sunday to a Golan Heights hilltop overlooking Syria, Netanyahu said that because Syrian troops had abandoned their positions, Israel's move into the buffer zone was necessary as a "temporary defensive position.” “The peacekeepers at (the United Nations Disengagement Observer Force, or UNDOF) informed the Israeli counterparts that these actions would constitute a violation of the 1974 disengagement agreement, that there should be no military forces or activities in the area of separation,” said U.N. spokesman Stephane Dujarric. He added that the buffer zone was calm and UNDOF peacekeepers remained in their position. The Security Council is scheduled to meet for special consultations called by Russia to discuss the buffer zone issue. The rebels who ousted Assad and now control much of Syria are led by a former senior al-Qaida militant , although he severed ties with the extremist group years ago and has promised representative government and religious tolerance. On Monday evening, Netanyahu said Assad’s fall is the “direct result of the heavy blows we landed on Hamas, on Hezbollah and on Iran.” He added that Israel would occupy the summit of Mount Hermon, which is within the buffer zone on the Syria-Lebanon border, and at 2,814 meters (9,232 feet) is the highest peak in the eastern Mediterranean coast. Israel has sent both ground and air troops into the buffer zone, including on the Syrian side of snow-dusted Mount Hermon, which is divided between the Golan Heights, Lebanon, and Syria. Only the United States recognizes Israel's control of the Golan Heights. Israeli troops began moving into the buffer zone Saturday. Also on Saturday, armed men attacked U.N. forces near the border with Israel, according to Israeli Foreign Minister Gideon Saar. “(The Israeli military) took targeted and temporary control of certain areas near the border to prevent an Oct. 7 scenario from Syria,” Saar said, referring to Hamas' surprise 2023 attack into Israel from the Gaza Strip. Many in the region condemned the move. The Egyptian Foreign Ministry accused Israel of “exploiting the power vacuum ... to occupy more Syrian territories and create a fait accompli in violation of international law.” This isn’t the first time Israel has entered the buffer zone this year. An Associated Press report last month examining satellite imagery found that Israel had been working on a construction project, possibly a new road, along the border with Syria from as early as July, and had in some cases entered the buffer zone during construction. Following the AP report, U.N. forces warned that the Israeli military has committed “severe violations” of its ceasefire deal with Syria. Israeli political and military leaders have stressed that the seizure of the buffer zone is temporary and not a prelude to entering other parts of Syrian territory. “The plan at the moment is that this is a temporary step to make sure stability is kept in the border, making sure the buffer zone is kept, and the U.N. forces can stay,” said a military official, who spoke on condition of anonymity in line with military guidelines. The official noted that in 2014, U.N. peacekeepers fled the buffer zone after al-Qaida-linked Syrian rebels attacked their encampments. After armed men attacked U.N. forces over the weekend, Israel wanted to ensure the situation did not repeat itself, the official said. Israel isn’t currently trying to change the border or prepare for an invasion into Syria, said Carmit Valensi, a senior researcher at the Institute for National Security Studies, a Tel Aviv think-tank. “Right now, it’s a tactical operation, not a long-term strategy, in response to the dynamic situation in Syria,” she said. With the collapse of the Syrian army, Israel wants to protect its borders until the situation stabilizes, she said. Israel says its immediate goal is to prevent the instability in Syria from spreading into the border region. Defense Minister Israel Katz on Monday laid out Israel’s plans for the border area. He said that after completing the takeover of the buffer zone, Israel would create a “security zone” beyond it by destroying heavy artillery across Syria and preventing Iran from smuggling weapons through Syria into Lebanon. Foreign Minister Saar said Monday that Israel has struck multiple sites holding chemical weapons and long-range missiles to prevent them from falling into the hands of hostile actors. Saar did not say when the strikes occurred. Analysts said Israel is likely to continue carrying out strikes against targets across Syria. Israel is planning outreach to Syria’s Druze population , a close-knit religious minority that also lives in Israel, Jordan and Lebanon and has maintained some ties across borders. Israel is also trying to open lines of communication with Syrian rebel groups, to help ensure Iranian-backed factions don’t reclaim any territory, according to Valensi. For many years, Israel quietly provided food, medicine, clothing and other assistance to war-ravaged southern Syria through “Operation Good Neighbor,” which ended in 2018. More than 4,000 wounded and sick Syrians received medical treatment in Israel or in Israeli field hospitals, and those non-diplomatic connections could now prove crucial. Associated Press writer Edith M. Lederer contributed from the United Nations.
The Case For Salutogenic Health: A 360° Solution With Prosocial AIXRX Investors Have Opportunity to Lead Xerox Holdings Corporation Securities Fraud LawsuitSAND SPRINGS, Okla. , Dec. 2, 2024 /PRNewswire/ -- Webco Industries, Inc. (OTC: WEBC) today reported results for our first quarter of fiscal year 2025, which ended October 31, 2024 . For our first quarter of fiscal year 2025, we had a net loss of $0.1 million , or a loss of $0.13 per diluted share, while in our first quarter of fiscal year 2024, we had net income of $5.1 million , or $6.25 per diluted share. Net sales for the first quarter of fiscal 2025 were $141.4 million , a 10.4 percent decrease from the $157.8 million of sales in the first quarter of fiscal year 2024. Dana S. Weber , Chief Executive Officer and Board Chair, stated, "The domestic manufacturing economy has been worsening over the past year. Further, we have certain markets that are being adversely impacted by foreign imports. We continue to focus on positioning Webco for various economic environments and opportunities by maintaining a strong balance sheet and good liquidity and making compelling investments in our business. Our total cash, short-term investments and available credit on our revolver were $89.0 million at October 31, 2024 , which we believe to be a competitive advantage." In the first quarter of fiscal year 2025, we had income from operations of $1.1 million after depreciation of $4.7 million . The first fiscal quarter of the prior year generated income from operations of $8.0 million after depreciation of $3.7 million . Gross profit for the first quarter of fiscal 2025 was $13.6 million , or 9.7 percent of net sales, compared to $21.6 million , or 13.7 percent of net sales, for the first quarter of fiscal year 2024. Selling, general and administrative expenses were $12.6 million in the first quarter of fiscal 2025 and $13.6 million in the first quarter of fiscal 2024. SG&A expenses in the first quarter of fiscal year 2025 reflect a decrease in costs related to lower profitability, such as company-wide incentive compensation and variable pay programs, offset by inflation we have experienced in wages and other expenses. Interest expense was $1.2 million in the first quarter of fiscal year 2025 and $1.3 million in the same quarter of fiscal year 2024. Average construction-based investments decreased in fiscal year 2025 and, as a result, capitalized interest decreased $0.2 million when compared to the first quarter of fiscal year 2024. Capitalized interest decreases net interest expense in the consolidated statement of operations. Notwithstanding capitalized interest, the impact of increased interest rates was more than offset by lower average debt balances. Capital expenditures incurred amounted to $5.1 million in the first quarter of fiscal year 2025, down from $10.1 in the first quarter of fiscal year 2024. Included in our capital spending for the first quarter of fiscal year 2024 was construction of our F. William Weber Leadership Campus, which houses our Tech Center and corporate headquarters. The Tech Center, which is the tip of the spear that leads Webco's trusted and technical brand throughout our industry, was completed in the fourth quarter of fiscal year 2024. As of October 31, 2024 , we had $18.6 million in cash and short-term investments, in addition to $70.4 million of available borrowing under our $220 million senior revolving credit facility. Availability on the revolver, which had $44.0 million drawn at October 31, 2024 , was subject to advance rates on eligible accounts receivable and inventories. Our term loan and revolver mature in September 2027. Accounting rules require asset-based debt agreements like our revolver to be classified as a current liability, despite its fiscal year 2028 maturity. Webco's stock repurchase program authorizes the purchase of our outstanding common stock in private or open market transactions. In September 2023 , the Company's Board of Directors refreshed the repurchase program with a new limit of up to $40 million and extended the program's expiration until July 31 , 2026. We purchased 2,850 shares of our stock during the first quarter of fiscal year 2025. Including the current fiscal year, Webco has purchased approximately 158,000 shares over the course of the last five fiscal years. The repurchase plan may be extended, suspended or discontinued at any time, without notice, at the Board's discretion. Webco's mission is to continuously build on our strengths as we create a vibrant company for the ages. We leverage our core values of trust and teamwork, continuously building strength, agility and innovation. We focus on practices that support our brand such that we are 100% engaged every day to build a forever kind of company for our Trusted Teammates, customers, business partners, investors and community. We provide high-quality carbon steel, stainless steel and other metal specialty tubing products designed to industry and customer specifications. We have five tube production facilities in Oklahoma and Pennsylvania and eight value-added facilities in Oklahoma , Illinois , Michigan , Pennsylvania and Texas , serving customers globally. Our F. William Weber Leadership Campus is in Sand Springs, Oklahoma and houses our corporate offices and our Webco TechCenterTM, providing a state-of-the-art laboratory and R & D facility to lead and develop technical solutions. Risk Factors and Forward-looking statements: Certain statements in this release, including, but not limited to, those preceded by or predicated upon the words "anticipates," "appears," "believes," "estimates," "expects," "forever," "hopes," "intends," "plans," "projects," "pursue," "should," "will," "wishes," or similar words may constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company, or industry results, to differ materially from any future results, performance or achievements expressed or implied herein. Such risks, uncertainties and factors include the factors discussed above and, among others: general economic and business conditions, including any global economic downturn; government policy or low hydrocarbon prices that stifle domestic investment in energy; competition from foreign imports, including any impacts associated with dumping or the strength of the U.S. dollar; political or social environments that are unfriendly to industrial or energy-related businesses; changes in manufacturing technology; the banking environment, including availability of adequate financing; worldwide and domestic monetary policy; changes in tax rates and regulation; regulatory and permitting requirements, including, but not limited to, environmental, workforce, healthcare, safety and national security; availability and cost of adequate qualified and competent personnel; changes in import / export tariff or restrictions; volatility in raw material cost and availability for the Company, its customers and vendors; the cost and availability, including time for delivery, of parts and services necessary to maintain equipment essential to the Company's manufacturing activities; the cost and availability of manufacturing supplies, including process gases; volatility in oil, natural gas and power cost and availability; world-wide or national transition from hydrocarbon sources of energy that adversely impact demand for our products; problems associated with product development efforts; significant shifts in product demand away from internal combustion engine automobiles; appraised values of inventories that can impact available borrowing under the Company's credit facility; declaration of material adverse change by a lender; industry capacity; domestic competition; loss of, or reductions in, purchases by significant customers and customer work stoppages; work stoppages by critical suppliers; labor unrest; conditions, including acts of God, that require more costly transportation of raw materials; accidents, equipment failures and insured or uninsured casualties; third-party product liability claims; flood, tornado, winter storms and other natural disasters; customer or supplier bankruptcy; customer or supplier declarations of force majeure; customer or supplier breach of contract; insurance cost and availability; lack of insurance coverage for floods; the cost associated with providing healthcare benefits to employees; customer claims; supplier quality or delivery problems; technical and data processing capabilities; cyberattack on our information technology infrastructure; world, domestic or regional health crises; vaccine mandates or related governmental policy that would cause significant portions of our workforce, or that of our customers or vendors, to leave their current employment; global or regional wars and conflicts; our inability or unwillingness to comply with rules required to maintain the quotation of our shares on any market place; and our inability to repurchase the Company's stock. The Company assumes no obligation to publicly update any such forward-looking statements. No assurance is provided that current results are indicative of those that will be realized in the future. - TABLES FOLLOW - WEBCO INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (Dollars in thousands, except per share data - Unaudited) Three Months Ended October 31, 2024 2023 Net sales $ 141,386 $ 157,837 Cost of sales 127,740 136,231 Gross profit 13,646 21,606 Selling, general & administrative expenses 12,564 13,629 Income (loss) from operations 1,082 7,977 Interest expense 1,151 1,293 Pretax income (loss) (69) 6,684 Provision for (benefit from) income taxes 37 1,600 Net income (loss) $ (106) $ 5,084 Net income (loss) per share: Basic $ (0.13) $ 6.43 Diluted $ (0.13) $ 6.25 Weighted average common shares outstanding: Basic 798,000 790,000 Diluted 798,000 814,000 CASH FLOW DATA (Dollars in thousands - Unaudited) Three Months Ended October 31, 2024 2023 Net cash provided by (used in) operating activities $ 13,851 $ 18,050 Depreciation and amortization $ 4,694 $ 3,696 Cash paid for capital expenditures $ 5,551 $ 12,588 Notes: Amounts may not sum due to rounding. WEBCO INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Dollars in thousands - Unaudited) October 31, July 31, 2024 2024 Current assets: Cash $ 2,485 $ 1,171 U.S. Treasury Bonds 16,103 15,903 Accounts receivable 58,668 70,249 Inventories, net 174,673 169,513 Prepaid expenses 9,303 9,530 Total current assets 261,233 266,366 Property, plant and equipment, net 168,748 168,186 Right of use, finance leases, net 954 1,043 Right of use, operating leases, net 21,891 21,879 Other long-term assets 15,696 15,611 Total assets $ 468,522 $ 473,085 Current liabilities: Accounts payable $ 30,230 $ 28,109 Accrued liabilities 32,706 33,066 Current portion of long-term debt, net 43,799 49,115 Current portion of finance lease liabilities 427 429 Current portion of operating lease liabilities 5,178 5,063 Total current liabilities 112,340 115,782 Long-term debt, net of current portion 20,000 20,000 Finance lease liabilities, net of current portion 574 657 Operating lease liabilities, net of current portion 16,577 16,653 Deferred tax liability 39 886 Stockholders' equity: Common stock 9 9 Additional paid-in capital 54,545 54,256 Retained earnings 264,437 264,842 Total stockholders' equity 318,991 319,107 Total liabilities and stockholders' equity $ 468,522 $ 473,085 Notes: Amounts may not sum due to rounding. CONTACT: Mike Howard Chief Financial Officer (918) 241-1094 mhoward@webcotube.com View original content: https://www.prnewswire.com/news-releases/webco-industries-inc-reports-fiscal-2025-first-quarter-results-302320142.html SOURCE Webco Industries, Inc.
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FLORHAM PARK, N.J. (AP) — The New York Jets might be dealing with an opponent even tougher to overcome than their poor play, missed opportunities and ill-timed mistakes. Wide receiver Garrett Wilson suggested last Sunday a losing “gene” might be an explanation for after the team dropped to 3-10 with a loss at Miami. On Wednesday, Aaron Rodgers presented another perhaps more sinister reason. “I mean, it might be something like that," the quarterback said of Wilson's theory. "It might be some sort of curse we've got to snap as well.” Generations of frustrated Jets fans have half-jokingly insisted there have been negative forces at work against the franchise since Joe Namath delivered on his Super Bowl guarantee in January 1969. It remains the team's only appearance in the NFL's biggest game. Rodgers has been there once — and won — with Green Bay. The 41-year-old quarterback came to New York hoping to finally lead the Jets back to the Super Bowl. He even commented on how lonely the team's only Lombardi Trophy looked during his introductory news conference 20 months ago. Instead, Rodgers' first season in New York was cut short by a torn Achilles tendon just four snaps in, immediately resurrecting "curse” theories among jaded Jets fans. With its loss last Sunday, New York extended its playoff drought to 14 straight years, the longest active skid among the major North American sports leagues. And the team will be looking for a new general manager and coach after this season, and Rodgers' future in New York is very much up in the air. “Whatever the case, this team, this organization is going to figure out how to get over the hump at some point,” Rodgers said. “The culture is built by the players. There’s a framework set down by the organization, by the upper ups, by the staff. But in the end, it’s the players that make it come to life. "And at some point, everybody’s going to have to figure out what that special sauce is to turn those games that should be wins into wins.” The Jets have held the lead in the fourth quarter in five games this season. They've lost each of them, including the past three games. New York's inability to come away with wins in those prompted Wilson's “gene” theory. “I’m not exactly sure what he was talking about there,” Rodgers said with a smile. "I don’t know what the proper nomenclature is for the situation where we’ve lost some leads or haven’t been able to take the lead late in the game, but that’s the way it goes sometimes. We haven’t been great in situational football. “A lot of those games come down to the plays in the first and second, even third quarter, where if you make the play the game is not in that situation. But in those situations, we haven’t been very good on offense or defense or even (special) teams.” Rodgers said “it takes a conscious effort, it takes an intentional effort” to establish a winning culture, and it includes leadership, practice habits and setting standards inside and outside of the locker room. And this year's Jets, Rodgers said, are “on the edge” of that. “We just haven’t quite figured out how to get that special sauce worked out, mixed up,” he said. “It’s close and a lot of great guys are in the locker room. There’s some good mix of veterans and young guys, but we just haven’t quite put it all together.” ___ AP NFL: Dennis Waszak Jr., The Associated PressUbisoft has announced that XDefiant will shut down on June 3, 2025. Additionally, Ubisoft is closing down its office in Osaka, Japan, as well as San Francisco. Ubisoft explained that starting today, December 3, further downloads, player registrations, and purchases of XDefiant are no longer available. However, XDefiant's third season will continue as planned and the game will be playable until the shutdown date. "Today, Ubisoft announced that it will discontinue development on XDefiant, its free-to-play first-person shooter title. As a result, half of the XDefiant team worldwide will be transitioning to other roles within Ubisoft," Ubisoft said in a statement to GameSpot. "This decision also leads to the closing of our San Francisco and Osaka production studios and to the ramp down of our Sydney production site, with 143 people departing in San Francisco and 134 people likely to depart in Osaka and Sydney." In a sunsetting message , executive producer Mark Rubin said that XDefiant amassed a total of 15 million players. XDefiant was billed as a competitor to Call of Duty and attempted to differentiate itself by removing skill-based matchmaking in favor of a more "old-school" arcade shooter experience. Back in September, Ubisoft denied reports of XDefiant losing players . In October, Rubin confirmed that the game's second season was still planned and refuted claims that the game was going to be shut down. In GameSpot's XDefiant review , we said, "Combat is enjoyable enough that it's still eminently playable, and XDefiant's foundations are ripe for improvement. Competition is stiff, though, and there are better options out there that aren't as conflicted."
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Antitrust enforcement may lighten under TrumpGas Distribution (CGD) company Mahanagar Gas Limited (MGL) has issued a work order to Nawgati, a homegrown fuel aggregator startup, to implement a fleet program aimed at enhancing CNG adoption during the MGL CNG Mahotsav 2.0. As part of this partnership, Nawgati will run the fleet program for MGL CNG Mahotsav 2.0 across Mumbai, Thane, and Raigad districts. MGL’s CNG Mahotsav will offer substantial incentives to fleet operators purchasing new commercial CNG vehicles or retrofitting existing vehicles. The scheme aims to encourage owners to switch from petrol and diesel to CNG, a cleaner and more environmentally friendly fuel, with exciting rewards based on the type and tonnage of commercial vehicles. The fleet operators can register on the MGL Fleet Platform (www.mglcngmahotsav.com), where they can easily set up accounts, add vehicles and drivers, and manage their refueling operations at participating MGL CNG stations. MGL and Nawgati offer a dual payment solution for fleet operators accessible through the MGL Fuel Card, which can be used physically or virtually. These fuel cards are accepted at participating MGL’s CNG stations across Mumbai, Thane, and Raigad, including select BEST bus depots. “At Nawgati, we are proud to partner with MGL in operating the fleet program for MGL CNG Mahotsav 2.0. We are deeply invested in helping MGL make transitioning to CNG a seamless experience for eligible fleet operators, and make payments through the MGL fleet card, the MGL Connect app, and the Nawgati app. Moreover, we believe this collaboration will pave the way for a greener future in Mumbai, Thane, and Raigad, and in the coming time across the country," said Vaibhav Kaushik, Co-founder and CEO of Nawgati. As a technical partner, Nawgati will support MGL’s closed-loop payment system for fleet owners who have purchased or retrofitted CNG vehicles under MGL’s promotional scheme to ensure smooth and efficient transaction processes at MGL stations, encouraging CNG sales and supporting environmental goals.