The Dow Jones Industrial Average rallied 150 points Wednesday after shaking off early weakness, thanks to big gains from Boeing, Chevron and key financial stocks.
Victory Capital Reports March 2021 Assets Under Management of $154.3 Billion; Schedules First-Quarter Financial Results Conference Call for May 7
Retail Value Inc. Announces Sale of Noble Town Center
U.S. consumers footed notably higher prices in March with headline inflation accelerating by the fastest in more than eight years, Labor Department data out Tuesday showed. Last month they rose 9.1%, the third-largest monthly increase since 2009, largely as a result of the surprise winter storms in Texas in February that shut down petroleum refining capacity. The Centers for Disease Control earlier in April said fully vaccinated people were at low risk for catching COVID-19 while traveling, but it's clear that many people did not wait for that green light.
The U.S. Justice Department has signaled support for legislation to extend by seven months a ban on illegal copycat versions of fentanyl, the powerful synthetic painkiller that has helped fuel the nation's opioid epidemic. Without action from Congress, the temporary ban on all variants of fentanyl - a drug 100 times more potent than morphine - would expire on May 6. The department said in a statement late on Monday it intends to "work with Congress to seek a clean, seven-month extension to prevent this important law enforcement tool from lapsing."
(Bloomberg) -- Investors flocked back to stay-at-home companies while selling travel shares after U.S. regulators recommended a pause in the use of Johnson & Johnson’s Covid-19 shot amid concerns about blood clots.J&J extended its monthly rout, while Pfizer Inc., BioNTech SE and Moderna Inc. rose as traders favored competing firms with vaccines that haven’t been tied to similar safety risks. Cruise operator Royal Caribbean Cruises Ltd. dipped. American Airlines Group Inc. also slid on a wider-than-estimated loss for the first quarter -- a stark reminder of the pain that airlines have experienced during the pandemic.A Goldman Sachs basket of stay-at-home stocks climbed 1.6% to the highest level since February. Zoom Video Communications Inc. climbed alongside exercise-at-home firm Peloton Interactive Inc. The tech-heavy Nasdaq 100 rallied to a record, outperforming other major equity benchmarks.The safety concerns could give skeptics another reason to either be hesitant to get a vaccine or wait for other shots to become available.For Cantor Fitzgerald’s Louise Chen, a potential slowdown could “become a headwind for vaccination efforts since safety issues have always been a concern for some contemplating the vaccine.”However, U.S. officials said they expect the pause on J&J’s shot to last a matter of days, with the announcement not having a significant impact on vaccination goals.The J&J news comes at a time when investors had been hopeful about a rotation into cheaper areas of the market that could benefit from a drop in coronavirus cases and a reopening of the economy.The jitters for travel and leisure stocks weighed on both the S&P 500 Airlines Index and the S&P 500 Hotels, Resorts & Cruise Lines Index. Las Vegas Sands Corp. and MGM Resorts International paced losses in casino and gaming shares.(Updates prices.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Former officer Derek Chauvin was justified in pinning George Floyd to the ground because of his frantic resistance, a use-of-force expert has testified for the defence, contradicting a parade of authorities from both inside and outside the Minneapolis Police Department.Taking the stand at Chauvin's murder trial, former California police officer Barry Brodd said officers don't have to wait for something bad to happen; they need only to have a reasonable fear that there's a threat and then adjust their actions accordingly.
The Board of Directors of The Procter & Gamble Company (NYSE:PG) declared an increased quarterly dividend of $0.8698 per share on the Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the Company, payable on or after May 17, 2021, to Common Stock shareholders of record at the close of business on April 23, 2021, and to Series A and Series B ESOP Convertible Class A Preferred Stock shareholders of record at the start of business on April 23, 2021. This represents a 10% increase compared to the prior quarterly dividend.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MISSISSAUGA, Ontario, April 13, 2021 (GLOBE NEWSWIRE) -- goeasy Ltd. (TSX: GSY), (“goeasy” or the “Company”), a leading full-service provider of goods and alternative financial services, announced today that the underwriters (the “Underwriters”) of its previously announced bought deal equity offering of subscription receipts (the “Offering”) have exercised in full their option to purchase up to an additional 183,165 subscription receipts of the Company (“Subscription Receipts”) at a price of $122.85 per Subscription Receipt, for additional gross proceeds to the Company of approximately $22.5 million. The over-allotment option is expected to close concurrently with the closing of the Offering on April 16, 2021. As a result, the total gross aggregate proceeds of the Offering will be approximately $172.5 million. The proceeds of the Offering will be used by the Company to finance a portion of the purchase price for its previously announced acquisition (the “Acquisition”) of LendCare Holdings Inc. The Subscription Receipts will be offered pursuant to a prospectus supplement to the Company’s short-form base shelf prospectus dated November 23, 2020, which prospectus supplement is expected to be filed in each of the provinces of Canada, except Québec, on or about April 13, 2021. Further information regarding the Offering and the Acquisition, including related risk factors, will be set out in the prospectus supplement. The Offering is expected to close on or about April 16, 2021 and is subject to certain conditions including, but not limited to, the approval of the Toronto Stock Exchange. The Subscription Receipts and the underlying common shares have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, (the "1933 Act") and may not be offered, sold or delivered, directly or indirectly, in the United States, or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the 1933 Act), except pursuant to an exemption from the registration requirements of the 1933 Act. This press release does not constitute an offer to sell or a solicitation of an offer to buy any Subscription Receipts or the underlying common shares in the United States or to, or for the account or benefit of, U.S. persons. About goeasy goeasy Ltd., a Canadian company, headquartered in Mississauga, Ontario, provides non-prime leasing and lending services through its easyhome and easyfinancial divisions. With a wide variety of financial products and services including unsecured and secured instalment loans, goeasy aspires to help put Canadians on a path to a better financial future, as they rebuild their credit and graduate to prime lending. Customers can transact seamlessly with easyhome and easyfinancial through an omni-channel model that includes online and mobile, as well as over 400 leasing and lending locations across Canada supported by more than 2,000 employees. Throughout the company’s history, it has served over 1 million Canadians and originated $5.0 billion in loans, with one in three customers graduating to prime credit and 60% increasing their credit score within 12 months of borrowing. Accredited by the Better Business Bureau, goeasy is the proud recipient of several awards including Waterstone Canada’s Most Admired Corporate Cultures, Glassdoor Top CEO Award, Achievers Top 50 Most Engaged Workplaces in North America, Greater Toronto Top Employers Award, the Digital Finance Institute’s Canada’s Top 50 FinTech Companies, ranking on the TSX30 and placing on the Report on Business ranking of Canada’s Top Growing Companies. The company and its employees believe strongly in giving back to the communities in which it operates and has raised over $3.5 million to support its long-standing partnerships with BGC Canada, Habitat for Humanity and many other local charities. goeasy’s common shares are listed on the TSX under the trading symbol “GSY”. goeasy is rated BB- from S&P and Ba3 from Moody’s. Visit www.goeasy.com. Forward-Looking Statements Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the Company. Some of the specific forward-looking statements contained herein include, but are not limited to, statements with respect to the intention of the Company to complete the closing of the Acquisition, the Offering and the related transactions contemplated herein on the terms and conditions described herein, the expected timing for filing of the prospectus supplement, the jurisdictions in which the prospectus supplement is expected to be filed, the closing date of the Offering and the use of proceeds of the Offering. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, readers are cautioned not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors, including the risks described under the heading “Risk Factors” in our annual information form and management’s discussion and analysis for the year ended December 31, 2020 filed on SEDAR and described under the heading “Risk Factors” in our material change report dated April 12, 2021 filed on SEDAR, could cause actual results to differ materially from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the other filings of the Company with securities regulators. For further information contact: Jason MullinsPresident & Chief Executive Officer(905) 272-2788 Farhan Ali KhanSenior Vice President, Corporate Development & Investor Relations(905) 272-2788
UNITE HERE Local 11 Urges Hollywood Award Circuit to Boycott Chateau Marmont following worker allegations of unfair treatment at hotel
‘To restore the standing of the US as a global leader, we need to address the climate crisis at the pace and scale it demands,’ reads the letter from some of America’s most powerful companies
(Bloomberg) -- President Joe Biden warned Russian President Vladimir Putin in a call that the U.S. would “act firmly in defense of its national interests” and proposed a summit between the two leaders to discuss the “full range” of issues confronting Moscow and Washington.The conversation between the two leaders -- the first since Biden said in a March interview that he viewed the Russian president as a “killer” -- came as tensions soar over Russia’s buildup of forces near Ukraine’s borders. It also took place ahead of expected U.S. retaliation over the SolarWinds Corp. hack that American officials blame on Russia.“The President voiced our concerns over the sudden Russian military build-up in occupied Crimea and on Ukraine’s borders, and called on Russia to de-escalate tensions,” according to a White House statement about the call between the two leaders on Tuesday. “President Biden also made clear that the United States will act firmly in defense of its national interests in response to Russia’s actions, such as cyber intrusions and election interference.”The ruble rallied the most in three months against the dollar as investors bet that Biden’s proposal for a summit would de-escalate tensions over Ukraine and mitigate the prospect of harsh new sanctions.It wasn’t clear when and where a potential summit would take place, but the White House statement said Biden “proposed a summit meeting in a third country in the coming months to discuss the full range of issues facing the United States and Russia.”What’s Sparking Tension Between Russia and Ukraine?: QuickTakeMoscow welcomed the prospect of a face-to-face meeting with the U.S. leader after the affront of the “killer” comment and the White House’s subsequent brushoff of Putin’s offer of direct talks with Biden.As the tensions over the Russian buildup near Ukraine mounted, Putin dismissed U.S. and European warnings in conversations with the leaders of France and Germany. But the Kremlin’s account of Tuesday’s call with Biden took a more constructive tone, underlining the leaders’ desire to rebuild relations.“This is about creating a new reality in which Russia is once again not just the focus of renewed trans-Atlantic pressure but a participant in negotiations over important issues of European security,” said Oksana Antonenko, a director at Control Risks in London.The Kremlin’s statement on the call highlighted that it was initiated by the U.S. side and noted that Biden reiterated his invitation to Putin to participate in next week’s climate summit. Russian state media were speculating within hours of the call on where a summit might take place.Kremlin Warns of Risk of Broader War in Ukraine Conflict (2)“This is confirmation that Biden, since he proposed this format, wants the meeting to happen pretty quickly,” Tass quoted Konstantin Kosachyov, deputy speaker of the upper house of Russia’s parliament, as saying.The White House account of the call said the leaders also “discussed a number of regional and global issues, including the intent of the United States and Russia to pursue a strategic stability dialogue on a range of arms control and emerging security issues, building on the extension of the New START Treaty.”The statement said Biden is seeking to build a “stable and predictable relationship with Russia consistent with U.S. interests.”(Updates with Russian reaction from sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
MILWAUKEE, April 13, 2021 (GLOBE NEWSWIRE) -- Artisan Partners Asset Management Inc. (NYSE: APAM) will report its first quarter 2021 financial results and information relating to its quarterly dividend on April 27, 2021 at approximately 4:30 p.m. (Eastern Time). Artisan Partners Asset Management’s earnings release and supplemental materials will be available on the investor relations section of artisanpartners.com at that time. Chief Executive Officer Eric Colson and Chief Financial Officer C.J. Daley will host a conference call on April 28, 2021 at 1:00 p.m. (Eastern Time) to discuss the results. A live webcast of the conference call will be available via the investor relations section of artisanpartners.com. Those interested in participating in the conference call should dial: United States/Toll Free:1-877-328-5507International:1-412-317-5423Conference ID:10154131 An audio replay of the conference call will be available one hour after the end of the conference until May 5, 2021 at 9:00 a.m. (Eastern Time) by dialing the following: United States/Toll Free:1-877-344-7529International:1-412-317-0088Replay Conference ID:10154131 An audio replay will also be available via the investor relations section of artisanpartners.com within 24 hours after the end of the conference. About Artisan Partners Artisan Partners is a global investment management firm that provides a broad range of high value-added investment strategies in growing asset classes to sophisticated clients around the world. Since 1994, the firm has been committed to attracting experienced, disciplined investment professionals to manage client assets. Artisan Partners’ autonomous investment teams oversee a diverse range of investment strategies across multiple asset classes. Strategies are offered through various investment vehicles to accommodate a broad range of client mandates. Artisan Partners Asset Management Inc. Investor Relations InquiriesMakela Taphorn866.firstname.lastname@example.org
Broadstone Net Lease, Inc. (NYSE: BNL) ("BNL" or the "Company") today announced that it will release its financial and operating results for the quarter ended March 31, 2021 after the market closes on Tuesday, May 4, 2021. The Company will host its earnings conference call and audio webcast on Wednesday, May 5, 2021, at 1:30 p.m. Eastern Time.
PerkinElmer, Inc. (NYSE: PKI), a global leader committed to innovating for a healthier world, today announced that it anticipates reported and organic revenue growth of 98% and 90%, respectively, for the first quarter ended April 4, 2021.
MODEL N ANNOUNCES DATE OF SECOND QUARTER FISCAL YEAR 2021 FINANCIAL RESULTS
United Rentals, Inc. (NYSE: URI) will hold its first quarter 2021 conference call with Matt Flannery, chief executive officer, and Jessica Graziano, chief financial officer, on Thursday, April 29, 2021 at 11:00 a.m. Eastern Time.
Today AVANGRID, Inc. (NYSE:AGR) announced that its Board of Directors declared a quarterly dividend of $0.44 per share on its Common Stock. This dividend is payable July 1, 2021 to shareholders of record at the close of business on June 4, 2021.
Absolute Software™ (NASDAQ: ABST) (TSX: ABST), a leader in Endpoint Resilience™ solutions, today announced that the company will release its third quarter fiscal 2021 financial results on Tuesday, May 11, 2021 after the financial markets close.
Office Properties Income Trust (Nasdaq: OPI) today announced that it received the 2021 ENERGY STAR® Partner of the Year Sustained Excellence Award for its outstanding efforts in energy management. This is the fourth consecutive year that OPI has achieved Partner of the Year recognition and the second year OPI has earned the Sustained Excellence designation in the Energy Management category. Currently, 46 buildings in OPI’s portfolio are ENERGY STAR certified.
Q1 2021 Earnings Date Announcement