Waymo Chief Operating Officer Tekedra Mawakana speaks about what lies ahead as the company drives forward with its plan to become a grownup business.
Waymo Chief Operating Officer Tekedra Mawakana speaks about what lies ahead as the company drives forward with its plan to become a grownup business.
(Bloomberg) -- Pankaj Agarwal has mostly stuck to his sell rating on HDFC Bank Ltd. for six years, during which the lender’s stock has tripled in value, turning it into India’s biggest by market capitalization.Yet investors who followed Agarwal’s recommendations over the past 12 months have yielded a 34% return, the most among more than 40 analysts covering the stock.After a rebound of about 63% from its March low, HDFC Bank’s stock is too expensive given the risks related to management change and asset quality, as Indian lenders face “one of the most challenging phases” amid Covid-19 and the nation’s prolonged credit crisis, Agarwal, an analyst at Ambit Capital Pvt, said in an interview. He has had a sell rating on HDFC Bank since 2014 save a brief upgrade to buy earlier this year, Bloomberg-compiled data show.Bank stocks have been the worst-performers in India this year, with a gauge of lenders down 24% versus a 1.6% loss for the benchmark S&P BSE Sensex. Soured loans are expected to swell to the highest level in more than two decades in 2021 following the world’s strictest lockdown measures.HDFC Bank posted profit for the September-ended quarter that beat the average analyst estimate by 17%. Its gross bad-loan ratio narrowed, but that was thanks to regulatory exemptions that make it difficult to read asset quality trends, Agarwal said.India’s largest private lender is trading at 3.6 times book value, more than double the valuation of any other bank globally with a market cap of over $50 billion. The stock is down just 2% this year, outperforming all of its peers on the S&P BSE Bankex Index. But investors are missing the point, according to Agarwal.“The external environment is weak, a lot of veterans are no longer with the bank and the risk on its balance sheet is higher than before in terms of both retail and corporate loans,” the Mumbai-based analyst said.Returns based on analyst recommendations are calculated assuming that each independent recommendation change is a new investment of equal size. All positive analyst ratings are mapped to an equally-sized long positions in the security and all negative ratings are mapped to equally-sized short positions in the security.Agarwal is the only analyst with a sell rating of the 56 tracked by Bloomberg, and his target price of 1,012 rupees implies a decline of about 19% from current levels.Rising RisksThe lender’s Chief Executive Officer Aditya Puri is set to pass the baton after almost three decades to Sashidhar Jagdishan later this month. There is “reasonable probability” that HDFC Bank’s new management will find it difficult to replicate previous success, Agarwal said.The lender has outpaced growth in India’s overall banking sector, but faces a shrinking economy amid the pandemic.Most Valuable Indian Lender Gets New CEO After 26 YearsIn the September quarter, HDFC Bank’s loan growth was boosted by a 26.5% rise in its wholesale book -- primarily money lent to companies -- but its retail loan book slowed sharply to 5.3% from 14.7% a year earlier.Agarwal expects the bank to face higher credit costs as bad debt builds in its corporate and retail loan businesses because of exposure to stressed sectors including shadow banks, real estate, transportation and unsecured loans. It’s the “best bank in the country” but shouldn’t trade at such a high premium to other lenders, he said.(Adds details on the analyst’s call in the eighth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
She's know for her short blonde pixie cut but Ellen Degeneres has a new look after what can only be described as a tumultuous year.
WGO earnings call for the period ending September 30, 2020.
Image source: The Motley Fool. Spirit of Texas Bancshares (NASDAQ: STXB)Q3 2020 Earnings CallOct 21, 2020, 10:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGreetings, and welcome to the Spirit of Texas Bancshares third-quarter earnings conference call.
With me on the call are Jeff Ray, Brightcove's chief executive officer; and Rob Noreck, Brightcove's chief financial officer. During the call, we will make statements related to our business that may be considered forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements concerning our financial guidance for the fourth fiscal quarter of 2020 and the full-year 2020, expected profitability and positive free cash flow, our position to execute on our go-to-market and growth strategy, our ability to expand our leadership position, our ability to maintain and upsell existing customers, as well as our ability to acquire new customers.
At this time, I'd like to welcome everyone to the Las Vegas Sands third-quarter 2020 earnings conference call. Joining me on the call today are Sheldon Adelson, our chairman and chief executive officer; Rob Goldstein, our president and chief operating officer; and Patrick Dumont, our executive vice president and chief financial officer.
Global Automotive Seat Belt Sensor Market 2020-2024 The analyst has been monitoring the automotive seat belt sensor market and it is poised to grow by 25. 30 mn units during 2020-2024 progressing at a CAGR of 2% during the forecast period.New York, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Automotive Seat Belt Sensor Market 2020-2024" - https://www.reportlinker.com/p05219360/?utm_source=GNW Our reports on automotive seat belt sensor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the improvising occupant safety across value chain and efforts by governing bodies to reduce accidents by regulating seat belts. In addition, improvising occupant safety across value chain is anticipated to boost the growth of the market as well. The automotive seat belt sensor market analysis includes application segment and geographical landscapes The automotive seat belt sensor market is segmented as below: By Application • Passenger cars • Commercial vehicles By Geographic Landscapes • APAC • Europe • North America • South America • MEA This study identifies the positive impact of installation of SBR on NCAP star rating as one of the prime reasons driving the automotive seat belt sensor market growth during the next few years. The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our automotive seat belt sensor market covers the following areas: • Automotive seat belt sensor market sizing • Automotive seat belt sensor market forecast • Automotive seat belt sensor market industry analysis Read the full report: https://www.reportlinker.com/p05219360/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ CONTACT: Clare: email@example.com US: (339)-368-6001 Intl: +1 339-368-6001
KPMG International today announced that William (Bill) B. Thomas has been unanimously reelected to serve a second term as Global Chairman & CEO of KPMG. Following a decision by the Global Board, one year ahead of schedule, to extend Bill’s term, his current tenure will now extend to September 30th, 2025, providing certainty of leadership and direction for KPMG as it focuses on supporting clients and stakeholders.
APH earnings call for the period ending September 30, 2020.
The Global Pharmaceutical Caps and Closures Market will grow by $ 2.43 bn during 2020-2024
Santa Monica, California, Oct. 22, 2020 (GLOBE NEWSWIRE) -- With the global economic crisis looming amidst the slow resumption of the normal operations in almost all sectors, employers are at crossroads on whether to implement full operationalization of their entities or to retain a few employees and have the rest work from home. The health systems across the nation are yet to cope with the pandemic and experts warn of an imminent resurgence of the spread of the novel coronavirus if adequate health protocols and containment measures are observed at the personal and organizational levels. This is the reason a majority of institutions are still embracing upon their employees to work from home. But again while working from home has been fronted as one of the ways organizations can help minimize the spread of the virus and help contain the disease, a significant number of firms are also grappling with the fact that working from home would require lots of resource mobilization. It is no doubt that organizations have in place some of the most robust IT systems and policies capable of running their operations, but unfortunately, it has become extremely difficult for the existing systems to support working from home. What working from home means is that employees will largely be on their personal computers (PCs) and connected to the internet in order to deliver their services. As you stay on the PC longer working, you are likely going to have risks of gathering virus and malware from the internet. In fact, because many people are working from their homes through the PC's, cyber insecurity has increased significantly. Organizations are bracing for even harder times and are required to invest heavily in protecting their data and that of their clients. Your computer is likely to slow down after prolonged use and the situation is likely to worsen if you are hit by a virus. Computer running at a speed lower than it should be running can greatly affect the performance of your employees. But there's something to smile about---MyCleanPC, a highly reputed software is here to help you restore the speed of your PC and help optimize it for improved productivity. This means that installing this application of the PC's of your staff who work from home can make your employees work stress-free and in a relaxed environment. With the ratings of A+ on Better Business Bureau (BBB) and a 4.5-star rating on Consumeraffairs.com, and with over 60,000 positive reviews, your employees are assured of a reliable PC capable of delivering the best they can offer. MyCleanPC is an application software that has proven to be effective in cleaning all unwanted files and junk while at the same time helping to enhance the speed of your PC in a number of ways. MyCleanPC is Boosts Your PC's Memory For your PC to function efficiently, you need to have some considerable RAM space. As your employees prepare to work from home longer than usual, you are going to find it necessary to install numerous essential programs, which will eat into the RAM capacity, by running multiple programs, which use the same RAM, your PC will slow down its speed because of the limited space left. The good news is that MyCleanPC will help to single out non-essential programs while providing you an opportunity to clear them from the PC's storage. By doing this, you will be able to restore the functionality of the PC, thus improving the overall output of your employees. Ability to Take Charge of Background Applications When several applications run on your PC, the operating system is certainly going to slow down. While you might be able to stop certain programs from running, it is possible that some programs will be running in the background without your knowledge. When this happens, you will realize that the operations of your operating system will begin to stagnate. Some of the signs that apps are running in the background and that they are affecting your PC include crushing or replicating tabs. Using MyCleanPC will go a long way in preventing similar problems from occurring, giving your employees a supportive working environment. MyCleanPC is a customizable software with an unparalleled ability to solve numerous PC-related issues that account for reduced employee productivity. Non-responsive browsers and applications as well as pop-ups can greatly affect the morale of your employees, thus reducing their productivity. By deploying this software that provides a one-stop solution, you will significantly enhance the efficiency of your PC and boost productivity. CONTACT: firstname.lastname@example.org
Toshiba releases an H-bridge motor driver for brushed DC motors and stepping motors for mobile devices and home appliances.
Britain on Thursday said it would partner with an Oxford-based firm to provide testing for the T cell response of coronavirus vaccine candidates to try to assess their immune responses. T cell immunity is thought to be essential to protection against infection from the SARS-COV-2 coronavirus, and could provide longer term immunity than antibodies. The UK Vaccine Taskforce has chosen Oxford Immunotec to supply T cell testing for its assessment of different vaccine candidates.
Phoenix, Arizona, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Car owners as well as auto insurers in the United States (and elsewhere) seem to be at a loss regarding what to feel about all the high-tech driver assistance features that most of today's cars come equipped with. Since while available statistics establish beyond doubt that these advanced features have brought down the number of auto accidents, having these features on your car now also means that you'll need to pay higher repair costs every time your car visits a repair facility. According to one source, car repair costs have shot up by an average of a whopping 33% over the period of the last four years. While there are other factors in work as well, the car specialists maintain that ADAS (Advanced Driver Assistance Systems) plays the key role behind these spiraling costs. And with as many as 40% of cars expected to feature driver assistance systems by the end of 2020, there is little chance for the trend to reverse in the near future. Moreover, the rising repair costs are not associated with ADAS only. In fact, all high-tech inclusions in a vehicle are responsible for driving up the costs and these include electric cars as well as other high-tech vehicles fitted with autonomous features. And as electric cars are becoming more popular by the day (Audi, to cite but a single case, has recently announced the introduction of its fourth electric SUV which will be available for sale from mid-2021) with brands now regularly offering EVs with ranges of 250 miles and above (and that, too, at affordable costs), it can be safely predicted that we will see more and more of these advanced technology vehicles plying our roads in the future. According to an auto insurance executive, several factors are at work behind these rising costs. First of all, he says, the cost of auto parts alone, especially in insurance-related repairs, has gone up by 40 percent in the course of the last five years. Then, a nationwide decline in the number of body shop repair facilities has also contributed to the rising costs. Finally, he remarks that high-tech features on a vehicle such as automatic lane centering, adaptive cruise control, automated lighting, etc. require technical repair and calibration by a highly skilled staff following an accident. However, at present, most repair facilities are made to deal with a skills shortage issue which is yet another reason why we are seeing such a drastic rise in auto repair costs.And the bottom line is the auto insurers are made to bear the flak of this just as much as individual car owners. The insurance executive confirms that while advanced integral adaptive features on a vehicle have indeed led to fewer road fatalities and therefore, a slight drop in rate in the frequency of claims, the insurers are still having a hard time dealing with these rising repair costs for new cars. Veritas Global Protection In these challenging times for both auto owners and auto insurers, Veritas Global Protection is one of the few companies that have still been able to offer affordable auto protection plans to its customers. And the chief reason why Veritas is able to do this (while other companies are finding it so hard) is that, as a global company operating in over 20 countries on four different continents, Veritas has struck up meaningful partnerships with a number of diverse entities in the industry. The latter include some of the largest dealer groups and agencies, a number of most advanced car repair facilities, a large body of financially stable insurers, and finally, the biggest auto insurance companies from other continents (such as WAGAS in Europe). These collaborations allow Veritas to offer auto protection plans at rates that other companies simply cannot afford. Please visit the company website at https://veritasprotection.com/ for information on their different plans, rates, and other related details. CONTACT: email@example.com
Los Angeles, California, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Last month, on September 24th, actor Danny Trejo and Dr. Michael Everest from Everest Foundation teamed up to host yet another outreach program in LA---this time to help homeless US vets living in the VA Greater LA campus. By now, the 'Bibles and Tacos' program initiated by Dr. Michael Everest and Danny Trejo has already become a known phenomenon in the city of LA and countless individuals, belonging mostly to the underprivileged sections of the society, have benefitted from this singular initiative. More than 1,000 meals were prepared which were then distributed to hundreds of homeless vets living in straitened circumstances. The recent COVID-19 pandemic has contributed to the woes of these homeless veterans since most of whatever little income opportunities they had appeared to be closed off due to the unforeseen circumstances heralded by the pandemic. When asked about this recent initiative, Trejo gave voice to similar sentiments. The famous actor and the successful restaurateur observed that one needs to be caring and giving now more than ever. He commented that we are right now living in a state of emergency all over the world and this he feels has contributed to some degree to bring us all a lot closer to each other than ever before. He went on to comment, albeit in a somewhat dramatic vein, that we all are as if onboard "the Titanic right now" with everybody searching "for a good seat". And as such, we simply ought to help each other to best offset all the negative impacts and unfortunate circumstances caused by the pandemic. Speaking specifically about the veterans, Trejo remarked that the US Vets have sacrificed a lot for the country. Many have lost their lives during war, others have come back but with their arms and limbs lost and with various other physical and mental traumas. As such, it is only expected that responsible citizens will come forward to help these unfortunate individuals during these trying circumstances. As for Dr. Everest, he stated that this event is not a one-off venture, rather it just spells the beginning of a long commitment to helping homeless veterans all across the US. That he is as good as his words is already known from the fact the Everest Foundation, managed by Dr. Agata Everest and Dr. Michael Everest, has already donated a significant sum to the New York Bronx Veteran Administration to fund what has been dubbed the "Exoskeleton Program." This initiative is founded to aid research that will help US Vets with spinal cord injuries and will ideally be able to completely cure them so that they can walk again without any hindrance. The Foundation is also looking for ways to extend this program to many other research-based VA facilities all across America. In this connection, we may also mention that it was originally Dr. Michael Everest's idea to include distributions of the Bible during their outreach programs. A devout person himself, it was Dr. Everest's belief that the distribution of the Holy Scripture will complement the mental and spiritual hunger of the needy and will help lift their spirits in these difficult times and will help them stay in a positive frame of mind. Finally, we must mention that the event was made possible with the generous assistance from the Westside VA, a well-equipped facility that provides a wide range of health care routines and services to the aging veterans. Both Trejo and Dr. Michael Everest expressed their gratitude to the facility administrator for its help in facilitating the event. As a token of gratitude, Dr. Everest has made commitments to enlarge medical residency research and training at the facility. CONTACT: firstname.lastname@example.org
A government senator has dobbed a federal public servant in to senior executives for posting apparent anti-Liberal content to her personal social media account.
Guy Sebastian has demanded answers from the prime minister after it was revealed not a cent has been spent from a $250 million coronavirus arts rescue package.
Victoria has recorded five new cases of coronavirus, all linked to a cluster in Melbourne's northern suburbs that has forced some 500 people into quarantine.
SEATTLE, Oct. 21, 2020 (GLOBE NEWSWIRE) -- Accolade, Inc. (“Accolade”), which provides personalized, technology-enabled solutions that help people better understand, navigate, and utilize the healthcare system and their workplace benefits, today announced the pricing of its previously announced underwritten public offering of 5,000,000 shares of its common stock at a price to the public of $38.50 per share. The offering is expected to close on October 26, 2020, subject to customary closing conditions. In addition, Accolade has granted the underwriters a 30-day option to purchase up to 750,000 additional shares of its common stock at the public offering price, less the underwriting discount. Accolade currently intends to use the net proceeds from the offering for general corporate purposes, including working capital, operating expenses, capital expenditures, acquisitions and strategic investments.Goldman Sachs & Co. LLC, Morgan Stanley and BofA Securities are acting as joint book-running managers for the offering. Piper Sandler, Credit Suisse and William Blair are acting as book-running managers. Baird, SVB Leerink, Canaccord Genuity and Academy Securities are acting as co-managers.The offering is being made only by means of a prospectus. When available, copies of the final prospectus relating to the offering may be obtained from: Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, New York 10282, or by email at email@example.com; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014 or by email at firstname.lastname@example.org; or BofA Securities, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, North Carolina 28255-0001, or by email at email@example.com.Registration statements relating to these securities have been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “expect,” “intend,” and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. These forward-looking statements are based on Accolade’s expectations and assumptions as of the date of this press release. Each of these forward-looking statements involves risks and uncertainties. Actual results may differ materially from these forward-looking statements. Forward-looking statements contained in this press release include statements regarding, among other things, the timing, completion and use of proceeds of the offering. Many factors may cause differences between current expectations and actual results in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, market risks and uncertainties and the satisfaction of customary closing conditions for an offering of securities. These and other risks and uncertainties are described in Accolade’s filings with the SEC, including in the risk factors included in its Registration Statement on Form S-1 filed with the SEC on October 19, 2020. Except as required by law, Accolade assumes no obligation to update any forward-looking statements contained herein to reflect any change in expectations, even as new information becomes available.Contact Todd Friedman Investor Relations 484-532-5200 Todd.Friedman@accolade.comAsher Dewhurst Investor Relations 443-213-0500 Accolade@westwicke.comMegan Torres Public Relations 206-679-9630 Megan.Torres@accolade.com
We've seen the outside of GMC's new 1,000HP Hummer EV, but now you can see the in-car display too. It runs on Android and was designed using Unreal Engine.