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Paramount Global Announces Redemption of its 4.750% Senior Notes due May 2025Rosen Law Firm Announces Investigation of Breaches of Fiduciary Duties by the Directors and Officers of Southwest Airlines Co. - LUV
South Africa Music Market Report 2024 - Digital and Physical Music Sales, Major Streaming Services, Streaming Income Challenges and Industry DevelopmentsRep. Michelle Steel , a two-term incumbent in California’s 45th congressional district, appears to have conceded to Derek Tran Wednesday afternoon after a long slog of a race that is one of the nation’s closest remaining contests yet to be called. “From the moment I came to the United States, I knew that giving back to the country that welcomed me with open arms would be part of my future,” said Steel, who made history in 2020 as one of the first Korean American women to be elected to Congress. “The journey to work on behalf of legal immigrants and struggling families took me somewhere I never could have imagined — and for which I will always be grateful — the United States Congress,” she said. “Everything is God’s will and, like all journeys, this one is ending for a new one to begin.” Tran’s lead over Steel on Tuesday edged up to 613 votes in the district that spans Los Angeles and Orange counties, continuing a trend that started last week when the Orange-based Democrat outpaced the Republican from Seal Beach. The race is one of two congressional contests in California and one of three nationally that have yet to be called. The outcomes of those three races will determine the size of the Republican Party’s advantage in the House. Tran declared victory Monday evening , saying the “victory is a testament to the spirit and resilience of our community. As the son of Vietnamese refugees, I understand firsthand the journey and sacrifices many families in our district have made for a better life.” He was vying to become the first Vietnamese American to represent the country’s largest Vietnamese community in Congress. Both Steel and Tran have already filed paperwork to run in the district again in 2026. Related Articles
AU President Jonathan Alger and Mr. Astin will celebrate the Class of 2024 on Dec. 15 WASHINGTON , Dec. 2, 2024 /PRNewswire/ -- American University is proud to present Sean Astin --fondly known to many as Mikey Walsh in The Goonies, Samwise Gamgee in the Lord of the Rings trilogy, Rudy Ruettiger in the sports classic Rudy, and Bob Newby in the Netflix's hit series Stranger Things--as the keynote speaker for fall commencement. Astin is also a recent graduate of the School of Public Affairs, earning his master's degree in public administration and policy. During the ceremonies, Astin will be awarded an honorary degree of Doctor of Humane Letters. Though many are familiar with his onscreen work, Astin is also known for his stewardship and leadership with his union, SAG-AFTRA. Serving on the National and Los Angeles Local Boards as well as on many committees, such as the Executive, Strike Preparedness, Government Affairs and Public Policy, and Government Rules. Astin served on the 2023 TV/Theatrical Negotiating Committee, which oversaw the historic 118-day summer strike, —one of the longest labor outages in Hollywood history, which resulted in $1 billion in gains for SAG-AFTRA and new protections around AI technology. The native Angeleno also served under six cabinet secretaries in two presidential administrations as a civilian aide to the Secretary of the Army. Astin was appointed to serve as a nonpartisan on the President's Council on Service and Civic Participation. "Through his longtime career as an actor, his civic engagement, and his work as a mental health advocate, Sean Astin exemplifies what it means to be a lifelong learner and community-builder, which are both important parts of what we do and who we are at American University ," said AU President Jonathan Alger . "And, as an Eagle himself, Sean will inspire our graduates with his journey and his continued quest to build change in our world." Astin regularly speaks to universities, corporations, and nonprofit organizations on various subjects, including leadership, acting, and with a special emphasis on mental health. His dedication to advancing the conversation around mental health continues the legacy of the late Patty Duke , who was a champion for those who are impacted. "I have always had a passion for public policy and administration. Completing my degree at American University this year is the realization of a lifelong dream. At this moment in the history of our country, nothing is more important than affirming the value of the skill, talent, and dedication of our civil servants," Astin said. "Starting during COVID, the American University online program was an incredible guide. From the curriculum to my cohort, my academic journey was rigorous and fulfilling. I am thrilled at the opportunity to be delivering this year's commencement address. I believe that my mission is to offer praise and appreciation for everyone's accomplishments and to share some thoughts on our path forward." Sean Astin and President Alger will celebrate approximately 1,475 graduates, who will receive their degrees from all eight of AU's schools during ceremonies at 9 a.m. and 1:30 p.m. in Bender Arena on the AU campus. Students will also hear from fellow graduates at each of the ceremonies: Oreoluwa Erinfolami, is receiving her Master's of Science from the College of Arts and Sciences. Erinfolami's passion for biotechnology led them to focus on regenerative medicine, stem cell research, and cell culture techniques. Ethan Cesar , who will be awarded his Bachelor of Arts from the School of Public Affairs and School of Communication, immersed himself in politics during his time at AU. Cesar interned for two U.S. representatives and one U.S senator. Mina Lili Kassim, will receive her Bachelor of Science from the School of International Service. Kassim hopes to pursue a career in the law field, while continuing to work with her organization Youth for Yemen , which focuses on uniting youth to address the Yemeni humanitarian crisis. Peyton Upchurch , who will be awarded her Master's of Education from the School of Education, is currently the assistant director of Alumni Communications at the University of North Carolina at Greensboro . Upchurch is excited to put the skills she built at AU to work in the world of education policy. This is American University's 148 th commencement. Sean Astin joins other notable American University fall commencement speakers such as Abby Phillip , CNN senior political correspondent and anchor of NewsNight , Andrea Mitchell , host of MSNBC's Andrea Mitchell Reports , and recently Surgeon General Dr. Vivek Murthy . ABOUT AMERICAN UNIVERSITY : American University leverages the power and purpose of scholarship, learning, and community to impact our changing world. AU's faculty, students, staff, and alumni are changemakers who shape the future from sustainability to social justice to the sciences. Building on our 130-year history of education and research in the public interest, we say "Challenge Accepted " to addressing the world's pressing issues. Our Change Can't Wait comprehensive campaign creates transformative educational opportunities, advances research with impact, and builds stronger communities. View original content to download multimedia: https://www.prnewswire.com/news-releases/american-university-to-welcome-recent-graduate-sean-astin-spampap-24-as-commencement-speaker-for-fall-commencement-302320024.html SOURCE American University © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Tests keep coming for Auburn and Duke, who collide at Cameron Indoor Stadium in a typical prove-it game in a rare environment on Wednesday night. No. 2 Auburn and No. 9 Duke square off less than one month into the season as two of the most battle-tested teams in basketball. They're matched as one of the marquee games in the crossover showcase known as the ACC-SEC Challenge. Auburn (7-0) jumped two spots in the latest Top 25 poll propelled by its Maui Invitational championship. In one of Feast Week's toughest brackets, the Tigers rallied from 18 points down to beat then-No. 4 Iowa State, handled then-No. 12 North Carolina 85-72 and rolled past Memphis 90-76 in the title game. With a week off to shed any remnants of jet lag returning from the islands, Auburn head coach Bruce Pearl is pointing to another potential resume-building win. "The confidence that we're going to get from (Maui) is that we know we can play with anybody," Pearl said. "I promise you this, we'll stay humble and hungry. We will not begin to think too much of ourselves." Helping lead Auburn in Maui was fifth-year power forward Johni Broome. The tournament's MVP, Broome averaged 21.7 points, 15 rebounds, 4.3 assists and three blocks in the three-game sweep. Spearheading a veteran Tigers roster, Broome couldn't care less about individual honors. "I wanted to come to a place where the foundation was already built, and that's why I came to Auburn," Broome said. "Winning player of the year doesn't matter to me. I care about winning games, and making sure I can help my team in any way." Broome's 20.7 points and 12.9 rebounds per game lead the Tigers, while Chad Baker-Mazara adds 12.6 ppg and Denver Jones chips in 11.1. Auburn's next roadblock is earning its first-ever win against Duke. The Tigers are 0-3 all-time against the Blue Devils, including a six-point loss in the 2018 Maui Invitational. Duke (5-2) has already been through three games against ranked opponents. The Blue Devils had a 77-72 loss against then-No. 19 Kentucky, a 14-point win at then-No. 17 Arizona and a 75-72 defeat against No. 1 Kansas last week in Las Vegas. "Best team we've played so far," Pearl said of Duke. Bouncing back on Friday, the Blue Devils took down Seattle 70-48, holding the Redhawks to just 10 made field goals on 47 attempts (21.3 percent). Despite the suffocating defensive effort, Duke head coach Jon Scheyer knows his team has a long way to go. "I wasn't really happy with much tonight, to be honest," Scheyer said on Friday. "I thought we rushed some shots, had too many turnovers. We need to finish stronger, drive stronger, make extra passes, there were a whole bunch of things. ... We just need to get back to practice. In fairness to our guys, we've been traveling a lot and we just need practice time." Pacing the Blue Devils in scoring is five-star freshman Cooper Flagg. He's averaging 15.9 points per game to go along with 8.3 rebounds. Fellow freshman Kon Knueppel adds 13.4 points per contest. Far less seasoned raw freshman, big man Khaman Maluach has given Duke's interior defense an edge it was lacking last season. A projected lottery pick who can be overshadowed by the Flagg publicity train, Maluach (7-2, 248) is averaging 8.4 points, 5.0 rebounds and has two three-block games. In last year's inaugural ACC-SEC Challenge, Duke lost at Arkansas 80-75 and Auburn topped Virginia Tech 74-57. --Field Level MediaNova Scotia Liberal vote crumbles because of 'damaged' brand, leader tied to Trudeau
The Latest: Police believe gunman who killed UnitedHealthcare CEO has left New York City
Interparfums, Inc. To Develop Off-White Brand in Fragrance and Beauty CategoryChelsea eye Ipswich's Delap - Saturday's gossip
Dec 17 (Reuters) - Uber Technologies (UBER.N) , opens new tab and its CEO Dara Khosrowshahi each donated $1 million to U.S. President-elect Donald Trump's inaugural fund, a company spokesperson told Reuters on Tuesday. The ride-hailing firm joins a list of several large businesses that have sought to build a positive relationship with the incoming Trump administration after he won the election in November. The donations by Uber and Khosrowshahi were first reported by The Wall Street Journal earlier in the day. Amazon.com (AMZN.O) , opens new tab and Meta Platforms (META.O) , opens new tab are donating $1 million each to the fund, spokespersons for the respective companies said last week. OpenAI CEO Sam Altman is planning to make a personal donation of $1 million to the inaugural fund, an OpenAI spokesperson confirmed last week. Sign up here. Reporting by Harshita Mary Varghese in Bengaluru; Editing by Pooja Desai Our Standards: The Thomson Reuters Trust Principles. , opens new tabThe Central Bank of Nigeria (CBN) has restricted Point of Sales (PoS) agents to a daily transaction limit of N1.2 million. The apex bank revealed this in its ‘Circular on Cash-Out Limits for Agent Banking Transactions,’ released on Tuesday. It noted that this is in line with its ongoing efforts to advance a cashless economy. “The Bank hereby releases the following policy interventions, which have become necessary to enhance the use of electronic payment channels for agency banking operations,” the circular signed by Oladimeji Yisa Taiwo for the Director, Payments System Management Department, read. According to the Nigerian Financial Services Report, agency banking (Point of Sale [PoS] and mobile money) is one of the major ways people without bank accounts get money from people outside their community and is a key enabler of financial inclusion. As of July 2024, Nigeria had 3.05 million deployed PoS and 4.06 million registered PoS terminals, according to the Nigeria Interbank Settlement System Plc. Read also: CBN imposes N150m fine on banks aiding currency hawking Part of this policy intervention also set a cash withdrawal limit per customer (regardless of channel) at N500,000 per week. All agent banking terminals are now set to a daily maximum transaction cash-out limit of N100,000 per customer, and an agent’s daily cumulative cash-out limit is now pegged at N1.2 million. Also, agent terminals must be connected to a Payment Terminal Service Aggregator (PTSA). “Ensure that all daily transactions per agent, including withdrawals, limits of transactions, and balances in the float accounts of each agent, are sent electronically to NIBSS as a report to the CBN. The template of this report will be sent to principals,” the apex bank noted. According to the CBN, agent banking services are now to be demarcated from merchant activities, and agents must apply the approved Agent Code 6010 for agent banking activities. A recent Bloomberg report spotlighted how agents are filling a gap left by Automated Teller Machines. The country has more than two million mobile agents who handle most of the daily transaction needs of everyday individuals. According to the International Monetary Fund, the country has about 1,600 agents within every square kilometre, driven by the growth of fintech companies like Opay, Paga, and Moniepoint. However, the CBN has been trying to crack down on agents, and in a December 3 circular, it threatened to sanction banks if they don’t fill their ATMs.
Following the Phenomenal Success and Sell-Out of Its First Project Saria, BEYOND Developments Launches Orise – Continuing to Set New Standards in Waterfront Living at Dubai Maritime City
BETHESDA, Md.--(BUSINESS WIRE)--Dec 6, 2024-- Enviva, LLC (“Enviva” or the “Company”), a leading producer of industrial wood pellets, today announced its successful emergence from Chapter 11 bankruptcy protection, marking a significant milestone in the Company’s strategic transformation. Enviva is well-positioned for long-term growth and consistent operating performance, allowing the Company to serve its customers as a market leader and critical partner in meeting their demand for renewable fuel. Enviva’s Plan of Reorganization (the “Plan”) was confirmed by the U.S. Bankruptcy Court for the Eastern District of Virginia, with overwhelming support from the Company's key stakeholders and business partners. As part of its financial restructuring, Enviva has equitized more than $1 billion of indebtedness and American Industrial Partners Capital Fund VIII (“AIP”) has become the largest shareholder of the Company. To support ongoing operations and future growth initiatives, Enviva is capitalized at emergence with an attractive exit loan facility, as well as access to further capital through a delayed draw term loan. As part of the Plan, stakeholders provided $250 million of new money financing through an Equity Rights Offering to help fund the recapitalization of the Company. As a result of this, the Company’s liquidity and financial profile is very strong and the Company has no near-term debt maturities. The secured funding also fully finances completion of the Company’s 11 th production plant, under construction in Epes, Alabama, which is anticipated to produce its first pellets in May 2025. Once fully ramped, the Company expects the new plant to produce ~1 million metric tons of wood pellets per year, providing a significant opportunity to sell into new and existing markets. Also on emergence, Glenn Nunziata, who most recently served as Interim Chief Executive Officer and Chief Financial Officer, has been appointed Chief Executive Officer, and James Geraghty, who formerly served as Executive Vice President of Finance, has been named Chief Financial Officer. “Emergence is a critical milestone and exciting step forward in positioning Enviva for a successful future,” said Glenn Nunziata, Enviva’s Chief Executive Officer. “On behalf of Enviva, I want to express our gratitude to all our stakeholders, especially our customers and associates, for their continued business and support. With a substantially reduced debt burden and dramatically improved liquidity profile, we are well-positioned to serve our customers reliably as a leading producer of industrial wood pellets and to rebuild trust and confidence in the communities in which we operate and markets in which we sell our product.” In connection with emergence, Enviva will operate as a private company with a new Board of Managers (“Board”) comprising representatives from key shareholders, including AIP, Keyframe Capital Partners, L.P., and Ares Management funds, who bring valuable financial, operational, and end-market experience to support Enviva’s operations and future growth. Jan Trnka-Amrhein, member of Enviva’s Board and Partner at AIP, added, "Enviva’s best-in-class portfolio of production assets and robust logistics capabilities allows for the Company to be the go-to partner for woody biomass renewable energy solutions. We see an immense opportunity for growth and expansion in the markets in which Enviva operates, and we’re confident that Enviva is well equipped to reliably meet its customers’ growing demand for biomass products.” Enviva extends its gratitude to its employees, customers, suppliers, and other partners for their support throughout the restructuring process. Paul, Weiss, Rifkind, Wharton & Garrison LLP, Vinson & Elkins LLP, and Kutak Rock LLP served as legal counsel, Lazard served as investment banker, and Alvarez & Marsal North America, LLC served as restructuring advisor to Enviva. The Ad Hoc Group of Creditors was represented by Davis Polk & Wardwell LLP and McGuireWoods LLP as legal counsel and Evercore Group LLC as investment banker. About Enviva Enviva, LLC is a leading producer of industrial wood pellets, a renewable energy source produced by aggregating a natural resource, wood fiber, and processing it into a transportable form, wood pellets. Enviva owns and operates ten plants in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi, and is constructing its 11th plant in Epes, Alabama. Enviva sells most of its wood pellets through long-term, take-or-pay off-take contracts with customers located primarily in the United Kingdom, the European Union, and Japan, helping to accelerate the energy transition away from conventional energy sources in hard-to-abate sectors like steel, cement, lime, chemicals, and aviation. Enviva exports its wood pellets to global markets through its deep-water marine terminals at the Port of Chesapeake, Virginia, the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi, and from third-party deep-water marine terminals in Savannah, Georgia, Mobile, Alabama, and Panama City, Florida. Learn more at www.envivabiomass.com and follow us on social media @Enviva. View source version on businesswire.com : https://www.businesswire.com/news/home/20241206254913/en/ CONTACT: media@envivabiomass.com +1-301-657-5560 KEYWORD: UNITED STATES NORTH AMERICA MARYLAND INDUSTRY KEYWORD: PROFESSIONAL SERVICES OTHER ENERGY FOREST PRODUCTS ENERGY FINANCE NATURAL RESOURCES SOURCE: Enviva Inc. Copyright Business Wire 2024. PUB: 12/06/2024 04:18 PM/DISC: 12/06/2024 04:18 PM http://www.businesswire.com/news/home/20241206254913/enNone
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Paramount Global Announces Redemption of its 4.750% Senior Notes due May 2025Rosen Law Firm Announces Investigation of Breaches of Fiduciary Duties by the Directors and Officers of Southwest Airlines Co. - LUV
South Africa Music Market Report 2024 - Digital and Physical Music Sales, Major Streaming Services, Streaming Income Challenges and Industry DevelopmentsRep. Michelle Steel , a two-term incumbent in California’s 45th congressional district, appears to have conceded to Derek Tran Wednesday afternoon after a long slog of a race that is one of the nation’s closest remaining contests yet to be called. “From the moment I came to the United States, I knew that giving back to the country that welcomed me with open arms would be part of my future,” said Steel, who made history in 2020 as one of the first Korean American women to be elected to Congress. “The journey to work on behalf of legal immigrants and struggling families took me somewhere I never could have imagined — and for which I will always be grateful — the United States Congress,” she said. “Everything is God’s will and, like all journeys, this one is ending for a new one to begin.” Tran’s lead over Steel on Tuesday edged up to 613 votes in the district that spans Los Angeles and Orange counties, continuing a trend that started last week when the Orange-based Democrat outpaced the Republican from Seal Beach. The race is one of two congressional contests in California and one of three nationally that have yet to be called. The outcomes of those three races will determine the size of the Republican Party’s advantage in the House. Tran declared victory Monday evening , saying the “victory is a testament to the spirit and resilience of our community. As the son of Vietnamese refugees, I understand firsthand the journey and sacrifices many families in our district have made for a better life.” He was vying to become the first Vietnamese American to represent the country’s largest Vietnamese community in Congress. Both Steel and Tran have already filed paperwork to run in the district again in 2026. Related Articles
AU President Jonathan Alger and Mr. Astin will celebrate the Class of 2024 on Dec. 15 WASHINGTON , Dec. 2, 2024 /PRNewswire/ -- American University is proud to present Sean Astin --fondly known to many as Mikey Walsh in The Goonies, Samwise Gamgee in the Lord of the Rings trilogy, Rudy Ruettiger in the sports classic Rudy, and Bob Newby in the Netflix's hit series Stranger Things--as the keynote speaker for fall commencement. Astin is also a recent graduate of the School of Public Affairs, earning his master's degree in public administration and policy. During the ceremonies, Astin will be awarded an honorary degree of Doctor of Humane Letters. Though many are familiar with his onscreen work, Astin is also known for his stewardship and leadership with his union, SAG-AFTRA. Serving on the National and Los Angeles Local Boards as well as on many committees, such as the Executive, Strike Preparedness, Government Affairs and Public Policy, and Government Rules. Astin served on the 2023 TV/Theatrical Negotiating Committee, which oversaw the historic 118-day summer strike, —one of the longest labor outages in Hollywood history, which resulted in $1 billion in gains for SAG-AFTRA and new protections around AI technology. The native Angeleno also served under six cabinet secretaries in two presidential administrations as a civilian aide to the Secretary of the Army. Astin was appointed to serve as a nonpartisan on the President's Council on Service and Civic Participation. "Through his longtime career as an actor, his civic engagement, and his work as a mental health advocate, Sean Astin exemplifies what it means to be a lifelong learner and community-builder, which are both important parts of what we do and who we are at American University ," said AU President Jonathan Alger . "And, as an Eagle himself, Sean will inspire our graduates with his journey and his continued quest to build change in our world." Astin regularly speaks to universities, corporations, and nonprofit organizations on various subjects, including leadership, acting, and with a special emphasis on mental health. His dedication to advancing the conversation around mental health continues the legacy of the late Patty Duke , who was a champion for those who are impacted. "I have always had a passion for public policy and administration. Completing my degree at American University this year is the realization of a lifelong dream. At this moment in the history of our country, nothing is more important than affirming the value of the skill, talent, and dedication of our civil servants," Astin said. "Starting during COVID, the American University online program was an incredible guide. From the curriculum to my cohort, my academic journey was rigorous and fulfilling. I am thrilled at the opportunity to be delivering this year's commencement address. I believe that my mission is to offer praise and appreciation for everyone's accomplishments and to share some thoughts on our path forward." Sean Astin and President Alger will celebrate approximately 1,475 graduates, who will receive their degrees from all eight of AU's schools during ceremonies at 9 a.m. and 1:30 p.m. in Bender Arena on the AU campus. Students will also hear from fellow graduates at each of the ceremonies: Oreoluwa Erinfolami, is receiving her Master's of Science from the College of Arts and Sciences. Erinfolami's passion for biotechnology led them to focus on regenerative medicine, stem cell research, and cell culture techniques. Ethan Cesar , who will be awarded his Bachelor of Arts from the School of Public Affairs and School of Communication, immersed himself in politics during his time at AU. Cesar interned for two U.S. representatives and one U.S senator. Mina Lili Kassim, will receive her Bachelor of Science from the School of International Service. Kassim hopes to pursue a career in the law field, while continuing to work with her organization Youth for Yemen , which focuses on uniting youth to address the Yemeni humanitarian crisis. Peyton Upchurch , who will be awarded her Master's of Education from the School of Education, is currently the assistant director of Alumni Communications at the University of North Carolina at Greensboro . Upchurch is excited to put the skills she built at AU to work in the world of education policy. This is American University's 148 th commencement. Sean Astin joins other notable American University fall commencement speakers such as Abby Phillip , CNN senior political correspondent and anchor of NewsNight , Andrea Mitchell , host of MSNBC's Andrea Mitchell Reports , and recently Surgeon General Dr. Vivek Murthy . ABOUT AMERICAN UNIVERSITY : American University leverages the power and purpose of scholarship, learning, and community to impact our changing world. AU's faculty, students, staff, and alumni are changemakers who shape the future from sustainability to social justice to the sciences. Building on our 130-year history of education and research in the public interest, we say "Challenge Accepted " to addressing the world's pressing issues. Our Change Can't Wait comprehensive campaign creates transformative educational opportunities, advances research with impact, and builds stronger communities. View original content to download multimedia: https://www.prnewswire.com/news-releases/american-university-to-welcome-recent-graduate-sean-astin-spampap-24-as-commencement-speaker-for-fall-commencement-302320024.html SOURCE American University © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Tests keep coming for Auburn and Duke, who collide at Cameron Indoor Stadium in a typical prove-it game in a rare environment on Wednesday night. No. 2 Auburn and No. 9 Duke square off less than one month into the season as two of the most battle-tested teams in basketball. They're matched as one of the marquee games in the crossover showcase known as the ACC-SEC Challenge. Auburn (7-0) jumped two spots in the latest Top 25 poll propelled by its Maui Invitational championship. In one of Feast Week's toughest brackets, the Tigers rallied from 18 points down to beat then-No. 4 Iowa State, handled then-No. 12 North Carolina 85-72 and rolled past Memphis 90-76 in the title game. With a week off to shed any remnants of jet lag returning from the islands, Auburn head coach Bruce Pearl is pointing to another potential resume-building win. "The confidence that we're going to get from (Maui) is that we know we can play with anybody," Pearl said. "I promise you this, we'll stay humble and hungry. We will not begin to think too much of ourselves." Helping lead Auburn in Maui was fifth-year power forward Johni Broome. The tournament's MVP, Broome averaged 21.7 points, 15 rebounds, 4.3 assists and three blocks in the three-game sweep. Spearheading a veteran Tigers roster, Broome couldn't care less about individual honors. "I wanted to come to a place where the foundation was already built, and that's why I came to Auburn," Broome said. "Winning player of the year doesn't matter to me. I care about winning games, and making sure I can help my team in any way." Broome's 20.7 points and 12.9 rebounds per game lead the Tigers, while Chad Baker-Mazara adds 12.6 ppg and Denver Jones chips in 11.1. Auburn's next roadblock is earning its first-ever win against Duke. The Tigers are 0-3 all-time against the Blue Devils, including a six-point loss in the 2018 Maui Invitational. Duke (5-2) has already been through three games against ranked opponents. The Blue Devils had a 77-72 loss against then-No. 19 Kentucky, a 14-point win at then-No. 17 Arizona and a 75-72 defeat against No. 1 Kansas last week in Las Vegas. "Best team we've played so far," Pearl said of Duke. Bouncing back on Friday, the Blue Devils took down Seattle 70-48, holding the Redhawks to just 10 made field goals on 47 attempts (21.3 percent). Despite the suffocating defensive effort, Duke head coach Jon Scheyer knows his team has a long way to go. "I wasn't really happy with much tonight, to be honest," Scheyer said on Friday. "I thought we rushed some shots, had too many turnovers. We need to finish stronger, drive stronger, make extra passes, there were a whole bunch of things. ... We just need to get back to practice. In fairness to our guys, we've been traveling a lot and we just need practice time." Pacing the Blue Devils in scoring is five-star freshman Cooper Flagg. He's averaging 15.9 points per game to go along with 8.3 rebounds. Fellow freshman Kon Knueppel adds 13.4 points per contest. Far less seasoned raw freshman, big man Khaman Maluach has given Duke's interior defense an edge it was lacking last season. A projected lottery pick who can be overshadowed by the Flagg publicity train, Maluach (7-2, 248) is averaging 8.4 points, 5.0 rebounds and has two three-block games. In last year's inaugural ACC-SEC Challenge, Duke lost at Arkansas 80-75 and Auburn topped Virginia Tech 74-57. --Field Level MediaNova Scotia Liberal vote crumbles because of 'damaged' brand, leader tied to Trudeau
The Latest: Police believe gunman who killed UnitedHealthcare CEO has left New York City
Interparfums, Inc. To Develop Off-White Brand in Fragrance and Beauty CategoryChelsea eye Ipswich's Delap - Saturday's gossip
Dec 17 (Reuters) - Uber Technologies (UBER.N) , opens new tab and its CEO Dara Khosrowshahi each donated $1 million to U.S. President-elect Donald Trump's inaugural fund, a company spokesperson told Reuters on Tuesday. The ride-hailing firm joins a list of several large businesses that have sought to build a positive relationship with the incoming Trump administration after he won the election in November. The donations by Uber and Khosrowshahi were first reported by The Wall Street Journal earlier in the day. Amazon.com (AMZN.O) , opens new tab and Meta Platforms (META.O) , opens new tab are donating $1 million each to the fund, spokespersons for the respective companies said last week. OpenAI CEO Sam Altman is planning to make a personal donation of $1 million to the inaugural fund, an OpenAI spokesperson confirmed last week. Sign up here. Reporting by Harshita Mary Varghese in Bengaluru; Editing by Pooja Desai Our Standards: The Thomson Reuters Trust Principles. , opens new tabThe Central Bank of Nigeria (CBN) has restricted Point of Sales (PoS) agents to a daily transaction limit of N1.2 million. The apex bank revealed this in its ‘Circular on Cash-Out Limits for Agent Banking Transactions,’ released on Tuesday. It noted that this is in line with its ongoing efforts to advance a cashless economy. “The Bank hereby releases the following policy interventions, which have become necessary to enhance the use of electronic payment channels for agency banking operations,” the circular signed by Oladimeji Yisa Taiwo for the Director, Payments System Management Department, read. According to the Nigerian Financial Services Report, agency banking (Point of Sale [PoS] and mobile money) is one of the major ways people without bank accounts get money from people outside their community and is a key enabler of financial inclusion. As of July 2024, Nigeria had 3.05 million deployed PoS and 4.06 million registered PoS terminals, according to the Nigeria Interbank Settlement System Plc. Read also: CBN imposes N150m fine on banks aiding currency hawking Part of this policy intervention also set a cash withdrawal limit per customer (regardless of channel) at N500,000 per week. All agent banking terminals are now set to a daily maximum transaction cash-out limit of N100,000 per customer, and an agent’s daily cumulative cash-out limit is now pegged at N1.2 million. Also, agent terminals must be connected to a Payment Terminal Service Aggregator (PTSA). “Ensure that all daily transactions per agent, including withdrawals, limits of transactions, and balances in the float accounts of each agent, are sent electronically to NIBSS as a report to the CBN. The template of this report will be sent to principals,” the apex bank noted. According to the CBN, agent banking services are now to be demarcated from merchant activities, and agents must apply the approved Agent Code 6010 for agent banking activities. A recent Bloomberg report spotlighted how agents are filling a gap left by Automated Teller Machines. The country has more than two million mobile agents who handle most of the daily transaction needs of everyday individuals. According to the International Monetary Fund, the country has about 1,600 agents within every square kilometre, driven by the growth of fintech companies like Opay, Paga, and Moniepoint. However, the CBN has been trying to crack down on agents, and in a December 3 circular, it threatened to sanction banks if they don’t fill their ATMs.
Following the Phenomenal Success and Sell-Out of Its First Project Saria, BEYOND Developments Launches Orise – Continuing to Set New Standards in Waterfront Living at Dubai Maritime City
BETHESDA, Md.--(BUSINESS WIRE)--Dec 6, 2024-- Enviva, LLC (“Enviva” or the “Company”), a leading producer of industrial wood pellets, today announced its successful emergence from Chapter 11 bankruptcy protection, marking a significant milestone in the Company’s strategic transformation. Enviva is well-positioned for long-term growth and consistent operating performance, allowing the Company to serve its customers as a market leader and critical partner in meeting their demand for renewable fuel. Enviva’s Plan of Reorganization (the “Plan”) was confirmed by the U.S. Bankruptcy Court for the Eastern District of Virginia, with overwhelming support from the Company's key stakeholders and business partners. As part of its financial restructuring, Enviva has equitized more than $1 billion of indebtedness and American Industrial Partners Capital Fund VIII (“AIP”) has become the largest shareholder of the Company. To support ongoing operations and future growth initiatives, Enviva is capitalized at emergence with an attractive exit loan facility, as well as access to further capital through a delayed draw term loan. As part of the Plan, stakeholders provided $250 million of new money financing through an Equity Rights Offering to help fund the recapitalization of the Company. As a result of this, the Company’s liquidity and financial profile is very strong and the Company has no near-term debt maturities. The secured funding also fully finances completion of the Company’s 11 th production plant, under construction in Epes, Alabama, which is anticipated to produce its first pellets in May 2025. Once fully ramped, the Company expects the new plant to produce ~1 million metric tons of wood pellets per year, providing a significant opportunity to sell into new and existing markets. Also on emergence, Glenn Nunziata, who most recently served as Interim Chief Executive Officer and Chief Financial Officer, has been appointed Chief Executive Officer, and James Geraghty, who formerly served as Executive Vice President of Finance, has been named Chief Financial Officer. “Emergence is a critical milestone and exciting step forward in positioning Enviva for a successful future,” said Glenn Nunziata, Enviva’s Chief Executive Officer. “On behalf of Enviva, I want to express our gratitude to all our stakeholders, especially our customers and associates, for their continued business and support. With a substantially reduced debt burden and dramatically improved liquidity profile, we are well-positioned to serve our customers reliably as a leading producer of industrial wood pellets and to rebuild trust and confidence in the communities in which we operate and markets in which we sell our product.” In connection with emergence, Enviva will operate as a private company with a new Board of Managers (“Board”) comprising representatives from key shareholders, including AIP, Keyframe Capital Partners, L.P., and Ares Management funds, who bring valuable financial, operational, and end-market experience to support Enviva’s operations and future growth. Jan Trnka-Amrhein, member of Enviva’s Board and Partner at AIP, added, "Enviva’s best-in-class portfolio of production assets and robust logistics capabilities allows for the Company to be the go-to partner for woody biomass renewable energy solutions. We see an immense opportunity for growth and expansion in the markets in which Enviva operates, and we’re confident that Enviva is well equipped to reliably meet its customers’ growing demand for biomass products.” Enviva extends its gratitude to its employees, customers, suppliers, and other partners for their support throughout the restructuring process. Paul, Weiss, Rifkind, Wharton & Garrison LLP, Vinson & Elkins LLP, and Kutak Rock LLP served as legal counsel, Lazard served as investment banker, and Alvarez & Marsal North America, LLC served as restructuring advisor to Enviva. The Ad Hoc Group of Creditors was represented by Davis Polk & Wardwell LLP and McGuireWoods LLP as legal counsel and Evercore Group LLC as investment banker. About Enviva Enviva, LLC is a leading producer of industrial wood pellets, a renewable energy source produced by aggregating a natural resource, wood fiber, and processing it into a transportable form, wood pellets. Enviva owns and operates ten plants in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi, and is constructing its 11th plant in Epes, Alabama. Enviva sells most of its wood pellets through long-term, take-or-pay off-take contracts with customers located primarily in the United Kingdom, the European Union, and Japan, helping to accelerate the energy transition away from conventional energy sources in hard-to-abate sectors like steel, cement, lime, chemicals, and aviation. Enviva exports its wood pellets to global markets through its deep-water marine terminals at the Port of Chesapeake, Virginia, the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi, and from third-party deep-water marine terminals in Savannah, Georgia, Mobile, Alabama, and Panama City, Florida. Learn more at www.envivabiomass.com and follow us on social media @Enviva. View source version on businesswire.com : https://www.businesswire.com/news/home/20241206254913/en/ CONTACT: media@envivabiomass.com +1-301-657-5560 KEYWORD: UNITED STATES NORTH AMERICA MARYLAND INDUSTRY KEYWORD: PROFESSIONAL SERVICES OTHER ENERGY FOREST PRODUCTS ENERGY FINANCE NATURAL RESOURCES SOURCE: Enviva Inc. Copyright Business Wire 2024. PUB: 12/06/2024 04:18 PM/DISC: 12/06/2024 04:18 PM http://www.businesswire.com/news/home/20241206254913/enNone
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