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Shares of Omnicom Group ($OMC) fell more than 9% on Monday afternoon after the advertising company announced the acquisition of Interpublic Group of Companies ($IPG), lifting retail sentiment. Under the stock-for-stock deal, valued at $13 billion, Interpublic shareholders are set to receive 0.344 Omnicom shares for each share of Interpublic common stock they own. Omnicom shareholders will own 60.6% of the combined company, while Interpublic shareholders will own 39.4% on a fully diluted basis. The companies said in a statement that the deal is expected to generate annual cost synergies of $750 million. The statement added that both Omnicom and Interpublic will maintain their current quarterly dividends through the deal's closing. Retail sentiment on the two stocks turned ‘extremely bullish’ but some users were concerned about regulatory blocks that may hinder the deal. “This strategic acquisition creates significant value for both sets of shareholders by combining world-class, highly complementary data and technology platforms enabling new offerings to better serve our clients and drive growth,” John Wren, Omnicom’s chairman & CEO, said in a statement. Philippe Krakowsky, Interpublic’s CEO, added the two companies have “highly complementary offerings, geographic presence and cultures.” “This combination represents a tremendous strategic opportunity for our stakeholders amplifying our investments in platform capabilities and talent as part of a more expansive network,” he said. Interpublic shares were down slightly (0.88%) in afternoon trade on Monday after rising earlier in the day. The combined companies will have 2023 revenues of $25.6 billion, adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) of $3.9 billion, and free cash flow of $3.3 billion. PJT Partners is the financial advisor to Omnicom; Latham & Watkins is the legal advisor to Omnicom; Morgan Stanley is the financial advisor to Interpublic on the transaction. Omnicom stock is up 6% year-to-date.
Stock market today: Wall Street hits more records following a just-right jobs reportTraining and development programs tailored to the specific needs of young Chinese players can further enhance their adaptation process. Specialized coaching focusing on technical skills, tactical understanding, physical conditioning, and mental resilience can help them bridge the gap and excel in the European football landscape. Providing opportunities for regular playing time and exposure to competitive matches can also accelerate their acclimatization and boost their confidence on the field.Moreover, TSMC's commitment to sustainability and corporate social responsibility has also played a significant role in its success. The company's efforts to reduce its environmental impact, promote green technology, and support local communities have resonated with customers and investors alike, enhancing its reputation as a responsible corporate citizen.
S.H.A.R.E. COMMUNITY DEVELOPMENT CORP (SCDC) PLEDGES ANNUAL COMMITMENT TO SUPPORT THE HOUSTON ASTROS FOUNDATIONThe Australian Energy Market Operator (AEMO) is to receive $728.1 million to upgrade its core digital systems over the next five years. The funding, revealed in the Mid-Year Economic and Fiscal Outlook (MYEFO) budget update [pdf], will "enhance energy security and reliability" for the national electricity operator. AEMO, which is 60 percent government-owned, mentioned its uplift of "operational digital systems" and ongoing work to "strengthen AEMO's cyber security posture" in its FY24 annual results [pdf]. The operator, which also oversees retail and wholesale gas markets in south-eastern Australia, has been contacted for more details about its digital transformation plans. Meanwhile, the MYEFO will also see the National Disability Insurance Agency (NDIA) gain $110.4 million over two years from 2024–25 to boost fraud-detecting information technology systems. This will be in addition to the $83.9 million revealed earlier this year for the systems which fall under the 'Crack Down on Fraud'...
As father and son share moments together, whether on stage at a concert or in candid family photos, their bond shines through. The love and affection between them are palpable, with their shared passion for music, performance, and artistry evident in every frame. It's a joy to see the next generation carrying on the family legacy with such grace and talent.
NoneThe Miami Hurricanes, who once appeared to be a near-lock for the College Football Playoff, are not playing for a national title. Instead, they will play in the Pop-Tarts Bowl in Orlando. That bowl berth against Iowa State is a let-down for fans with dreams of a sixth national title in their minds, as well as players hoping to compete for a championship. However, Miami’s trip to Orlando and the lead-up to it are still crucial periods for the Hurricanes for multiple reasons. First, it’s a chance for the program to achieve something it has not done in more than two decades: win 11 games. Although the 11th win won’t get them closer to a championship, it is a good sign of the program’s progress over Mario Cristobal’s tenure. It would also end UM’s five-game losing streak in bowls. “We’re not satisfied,” Cristobal said. “We want to win every single game. We won 10. We were close on the other two, but close isn’t good enough. We want progress. We’re hungry and driven to get better, and so that’s what our focus is on: to improving as a football program, to getting better, to moving into the postseason with an opportunity against a great football team like this and putting our best on the field.” There are signs the Hurricanes will show up at close to full strength for the bowl game. Running back Damien Martinez announced he was going to play, and star quarterback Cam Ward said in a video call posted on social media that he intends to play, as well. “We’re trying to win our first bowl game in 20 years,” Ward said in the video, mistaking the length of UM’s long bowl losing streak. “We’re going hard.” Playing in the bowl game also provides the opportunity for the Hurricanes to get in several practices between now and the game. That means Miami can develop its young players and prepare them for next season during both the practices and the bowl game itself. “It’s extremely valuable,” Cristobal said. “You really don’t have many opportunities throughout the course of the year — time is limited more and more each season with your student-athletes. I want to state this and be very clear: it’s very important, it’s ultra-important for the University of Miami to continue to develop and grow and progress by stressing the importance of offseason opportunities ... You learn a lot about your team and learn a lot about your people and your program when you head to the postseason.” Of course, there are potential negatives. Players can get hurt; Mark Fletcher Jr. suffered a foot injury in the Pinstripe Bowl last year that cost him all of spring practice. A poor performance can also potentially set the tone for next season, like how Florida State, fresh off a playoff snub last year, suffered a devastating loss against Georgia in the Orange Bowl and went on to a dismal 2-10 season this year. “This is the ending of ’24 and the beginning of ’25,” Cristobal said. “This is the last opportunity to be on the field and carry some momentum into the offseason. So it is, in essence, it is the most important game because it’s the next game. “There’s a lot of excitement in the form of opportunity for our guys. Our guys love to play football. The chance to play one more time with this special group — this is a special group of guys now. They’ve worked hard to really change the trajectory of the University of Miami, and they want to continue to elevate the status and the culture at the University of Miami. So certainly a ton to play for.” ____ Get local news delivered to your inbox!
Stock market today: Wall Street hits more records following a just-right jobs reportAfter-Hours Market Surges, Bullish on Technological Innovation: Policy Benefits Drive Growth in Growth StocksROANOKE, Va., Nov. 22, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of RGC Resources, Inc. (Nasdaq: RGCO), at its meeting on November 22, 2024, declared a quarterly dividend of $0.2075 per share on the Company's common stock. The indicated annual dividend is $0.83 per share, a $0.03, or 3.8%, per share increase over the prior annual level. The Company has now increased the annual dividend 21 consecutive years. Paul Nester, CEO of RGC Resources, Inc., stated, "The Roanoke Gas utility continues to deliver solid operational and financial performance. Further, we are pleased that the MVP was completed in 2024 and now delivering affordable, reliable natural gas to Southwest Virginia. This dividend increase, our 21 st annual increase, reflects our commitment to deliver long-term shareholder value.” The dividend will be paid on February 1, 2025 to shareholders of record on January 17, 2025. This is the Company's 323 rd consecutive quarterly cash dividend. RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its operating subsidiaries including Roanoke Gas Company and RGC Midstream, L.L.C. The statements in this release that are not historical facts constitute "forward-looking statements” made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company's actual results and experience to differ materially from any expectations expressed in the Company's forward-looking statements, regarding customer growth, infrastructure investment and margins. These risks and uncertainties include gas prices and supply, geopolitical considerations and regulatory and legal challenges and those set forth in the Company's Form 10-Q for the quarter ended June 30, 2024 and Item 1-A in the Company's fiscal 2023 10-K. Forward-looking statements reflect the Company's current expectations only as of the date they are made. The Company assumes no duty to update these statements should expectations change or actual results differ from current expectations except as required by applicable laws and regulations. Past performance is not necessarily a predictor of future results. VP, Treasurer and CFO
In recent games, LeBron James has been averaging close to 35 minutes per game, despite being in his 18th NBA season. At 36 years old, James is defying age and continues to perform at an elite level, but concerns have been raised about the toll such high minutes could take on his body, especially as the season progresses.Furthermore, experts are stressing the importance of improving evidence collection procedures when investigating allegations of sexual harassment. This includes encouraging individuals to come forward with their experiences, providing them with a safe and supportive environment to do so, and implementing protocols for documenting and preserving evidence. By strengthening evidence collection practices, authorities can better substantiate claims of sexual harassment and hold perpetrators accountable for their actions.

Shares of Omnicom Group ($OMC) fell more than 9% on Monday afternoon after the advertising company announced the acquisition of Interpublic Group of Companies ($IPG), lifting retail sentiment. Under the stock-for-stock deal, valued at $13 billion, Interpublic shareholders are set to receive 0.344 Omnicom shares for each share of Interpublic common stock they own. Omnicom shareholders will own 60.6% of the combined company, while Interpublic shareholders will own 39.4% on a fully diluted basis. The companies said in a statement that the deal is expected to generate annual cost synergies of $750 million. The statement added that both Omnicom and Interpublic will maintain their current quarterly dividends through the deal's closing. Retail sentiment on the two stocks turned ‘extremely bullish’ but some users were concerned about regulatory blocks that may hinder the deal. “This strategic acquisition creates significant value for both sets of shareholders by combining world-class, highly complementary data and technology platforms enabling new offerings to better serve our clients and drive growth,” John Wren, Omnicom’s chairman & CEO, said in a statement. Philippe Krakowsky, Interpublic’s CEO, added the two companies have “highly complementary offerings, geographic presence and cultures.” “This combination represents a tremendous strategic opportunity for our stakeholders amplifying our investments in platform capabilities and talent as part of a more expansive network,” he said. Interpublic shares were down slightly (0.88%) in afternoon trade on Monday after rising earlier in the day. The combined companies will have 2023 revenues of $25.6 billion, adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) of $3.9 billion, and free cash flow of $3.3 billion. PJT Partners is the financial advisor to Omnicom; Latham & Watkins is the legal advisor to Omnicom; Morgan Stanley is the financial advisor to Interpublic on the transaction. Omnicom stock is up 6% year-to-date.
Stock market today: Wall Street hits more records following a just-right jobs reportTraining and development programs tailored to the specific needs of young Chinese players can further enhance their adaptation process. Specialized coaching focusing on technical skills, tactical understanding, physical conditioning, and mental resilience can help them bridge the gap and excel in the European football landscape. Providing opportunities for regular playing time and exposure to competitive matches can also accelerate their acclimatization and boost their confidence on the field.Moreover, TSMC's commitment to sustainability and corporate social responsibility has also played a significant role in its success. The company's efforts to reduce its environmental impact, promote green technology, and support local communities have resonated with customers and investors alike, enhancing its reputation as a responsible corporate citizen.
S.H.A.R.E. COMMUNITY DEVELOPMENT CORP (SCDC) PLEDGES ANNUAL COMMITMENT TO SUPPORT THE HOUSTON ASTROS FOUNDATIONThe Australian Energy Market Operator (AEMO) is to receive $728.1 million to upgrade its core digital systems over the next five years. The funding, revealed in the Mid-Year Economic and Fiscal Outlook (MYEFO) budget update [pdf], will "enhance energy security and reliability" for the national electricity operator. AEMO, which is 60 percent government-owned, mentioned its uplift of "operational digital systems" and ongoing work to "strengthen AEMO's cyber security posture" in its FY24 annual results [pdf]. The operator, which also oversees retail and wholesale gas markets in south-eastern Australia, has been contacted for more details about its digital transformation plans. Meanwhile, the MYEFO will also see the National Disability Insurance Agency (NDIA) gain $110.4 million over two years from 2024–25 to boost fraud-detecting information technology systems. This will be in addition to the $83.9 million revealed earlier this year for the systems which fall under the 'Crack Down on Fraud'...
As father and son share moments together, whether on stage at a concert or in candid family photos, their bond shines through. The love and affection between them are palpable, with their shared passion for music, performance, and artistry evident in every frame. It's a joy to see the next generation carrying on the family legacy with such grace and talent.
NoneThe Miami Hurricanes, who once appeared to be a near-lock for the College Football Playoff, are not playing for a national title. Instead, they will play in the Pop-Tarts Bowl in Orlando. That bowl berth against Iowa State is a let-down for fans with dreams of a sixth national title in their minds, as well as players hoping to compete for a championship. However, Miami’s trip to Orlando and the lead-up to it are still crucial periods for the Hurricanes for multiple reasons. First, it’s a chance for the program to achieve something it has not done in more than two decades: win 11 games. Although the 11th win won’t get them closer to a championship, it is a good sign of the program’s progress over Mario Cristobal’s tenure. It would also end UM’s five-game losing streak in bowls. “We’re not satisfied,” Cristobal said. “We want to win every single game. We won 10. We were close on the other two, but close isn’t good enough. We want progress. We’re hungry and driven to get better, and so that’s what our focus is on: to improving as a football program, to getting better, to moving into the postseason with an opportunity against a great football team like this and putting our best on the field.” There are signs the Hurricanes will show up at close to full strength for the bowl game. Running back Damien Martinez announced he was going to play, and star quarterback Cam Ward said in a video call posted on social media that he intends to play, as well. “We’re trying to win our first bowl game in 20 years,” Ward said in the video, mistaking the length of UM’s long bowl losing streak. “We’re going hard.” Playing in the bowl game also provides the opportunity for the Hurricanes to get in several practices between now and the game. That means Miami can develop its young players and prepare them for next season during both the practices and the bowl game itself. “It’s extremely valuable,” Cristobal said. “You really don’t have many opportunities throughout the course of the year — time is limited more and more each season with your student-athletes. I want to state this and be very clear: it’s very important, it’s ultra-important for the University of Miami to continue to develop and grow and progress by stressing the importance of offseason opportunities ... You learn a lot about your team and learn a lot about your people and your program when you head to the postseason.” Of course, there are potential negatives. Players can get hurt; Mark Fletcher Jr. suffered a foot injury in the Pinstripe Bowl last year that cost him all of spring practice. A poor performance can also potentially set the tone for next season, like how Florida State, fresh off a playoff snub last year, suffered a devastating loss against Georgia in the Orange Bowl and went on to a dismal 2-10 season this year. “This is the ending of ’24 and the beginning of ’25,” Cristobal said. “This is the last opportunity to be on the field and carry some momentum into the offseason. So it is, in essence, it is the most important game because it’s the next game. “There’s a lot of excitement in the form of opportunity for our guys. Our guys love to play football. The chance to play one more time with this special group — this is a special group of guys now. They’ve worked hard to really change the trajectory of the University of Miami, and they want to continue to elevate the status and the culture at the University of Miami. So certainly a ton to play for.” ____ Get local news delivered to your inbox!
Stock market today: Wall Street hits more records following a just-right jobs reportAfter-Hours Market Surges, Bullish on Technological Innovation: Policy Benefits Drive Growth in Growth StocksROANOKE, Va., Nov. 22, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of RGC Resources, Inc. (Nasdaq: RGCO), at its meeting on November 22, 2024, declared a quarterly dividend of $0.2075 per share on the Company's common stock. The indicated annual dividend is $0.83 per share, a $0.03, or 3.8%, per share increase over the prior annual level. The Company has now increased the annual dividend 21 consecutive years. Paul Nester, CEO of RGC Resources, Inc., stated, "The Roanoke Gas utility continues to deliver solid operational and financial performance. Further, we are pleased that the MVP was completed in 2024 and now delivering affordable, reliable natural gas to Southwest Virginia. This dividend increase, our 21 st annual increase, reflects our commitment to deliver long-term shareholder value.” The dividend will be paid on February 1, 2025 to shareholders of record on January 17, 2025. This is the Company's 323 rd consecutive quarterly cash dividend. RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its operating subsidiaries including Roanoke Gas Company and RGC Midstream, L.L.C. The statements in this release that are not historical facts constitute "forward-looking statements” made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company's actual results and experience to differ materially from any expectations expressed in the Company's forward-looking statements, regarding customer growth, infrastructure investment and margins. These risks and uncertainties include gas prices and supply, geopolitical considerations and regulatory and legal challenges and those set forth in the Company's Form 10-Q for the quarter ended June 30, 2024 and Item 1-A in the Company's fiscal 2023 10-K. Forward-looking statements reflect the Company's current expectations only as of the date they are made. The Company assumes no duty to update these statements should expectations change or actual results differ from current expectations except as required by applicable laws and regulations. Past performance is not necessarily a predictor of future results. VP, Treasurer and CFO
In recent games, LeBron James has been averaging close to 35 minutes per game, despite being in his 18th NBA season. At 36 years old, James is defying age and continues to perform at an elite level, but concerns have been raised about the toll such high minutes could take on his body, especially as the season progresses.Furthermore, experts are stressing the importance of improving evidence collection procedures when investigating allegations of sexual harassment. This includes encouraging individuals to come forward with their experiences, providing them with a safe and supportive environment to do so, and implementing protocols for documenting and preserving evidence. By strengthening evidence collection practices, authorities can better substantiate claims of sexual harassment and hold perpetrators accountable for their actions.