Greenbelt Resources Receives Letter of Intent From Fuxin Green Energy
Fuxin Green Energy intends to purchase Greenbelt technology
Eagle LNG Receives Positive Review In Draft Environmental Impact Statement
JACKSONVILLE, Fla.--(BUSINESS WIRE)-- Eagle LNG Partners (“Eagle LNG”) meets a major milestone for their Jacksonville Export Project. The United States Federal Energy Regulatory Co
Global Well Testing Services Market 2019-2023| Growing Adoption of IoT by Oil and Gas Industry to Promote Growth| Technavio
LONDON--(BUSINESS WIRE)-- The global well testing services market is expected to post a CAGR of over 6% during the period 2019-2023, according to the latest market research report
Morningstar Reports U.S. Mutual Fund and ETF Asset Flows for October 2018
CHICAGO, Nov. 20, 2018 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) asset flows for October 2018. In October, investors placed $20.4 billion into passive U.S. equity funds, compared with inflows of $19.4 billion in the previous month. On the active front, investors pulled $16.8 billion, compared with $8.8 billion of outflows as reported last month. Morningstar estimates net flow for mutual funds by computing the change in assets not explained by the performance of the fund and net flow for ETFs by computing the change in shares outstanding. Morningstar's report about U.S. asset flows for October 2018 is available here. Highlights from the report include: October's $29.1 billion in long-term outflows were the greatest since August 2015, which saw $30.3 billion of outflows. These outflows represented 0.15 percent and 0.22 percent of long-term assets, respectively. While core strategies fared best, like U.S. equity, specialty or niche equity strategies fared poorly. Investors pulled $12.6 billion from sector equity funds in October, representing 1.4 percent of overall assets. Real estate funds and technology funds were hit hardest, with $3.5 billion and $3.4 billion in outflows, respectively. Among Morningstar category groups, notable trends include the $14.2 billion of outflows for taxable-bond fundsâtheir worst month since December 2015. On the flip side, ultrashort-bond funds likely benefited from September's Federal interest rate hike, with a record $11.3 billion in inflows. Large-blend led all Morningstar categories, with $14.5 billion of inflows. Allocationâ30 percent to 50 percent Equity remained the least popular category, with outflows of $17.5 billion in October. Among top U.S. fund families, Vanguard continues to see the highest monthly firm inflows of $9.0 billion, while Fidelity followed with $6.9 billion in inflows. Fund families that saw the greatest outflows include State Street Global Advisors and Invesco, which had approximately $7.4 billion and $4.3 billion of outflows, respectively. Vanguard Total Stock Market Index, which boasts a Morningstar Analyst Ratingâ¢ of Gold, and Vanguard Total International Stock Index led all U.S. funds in October with $7.6 billion and $6.7 billion in inflows, respectively. However, another Vanguard fund, Vanguard Total Bond Market II Index, had the highest outflows with $5.1 billion exiting the fund.To view the complete report, please click here. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. About Morningstar, Inc.Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $207 billion in assets under advisement and management as of Sept. 30, 2018. The company has operations in 27 countries. For more information, visit www.morningstar.com/company. Follow Morningstar on Twitter @MorningstarInc. Morningstar's Manager Research Group consists of various wholly owned subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC. Analyst Ratings are subjective in nature and should not be used as the sole basis for investment decisions. Analyst Ratings are based on Morningstar's Manager Research Group's current expectations about future events and therefore involve unknown risks and uncertainties that may cause such expectations not to occur or to differ significantly from what was expected. Analyst Ratings are not guarantees nor should they be viewed as an assessment of a fund's or a fund's or separately managed account's underlying securities' creditworthiness. This press release is for informational purposes only; references to securities or a separately managed account investment strategy in this press release should not be considered an offer or solicitation to buy or sell the securities or to invest in accordance with that strategy. ©2018 Morningstar, Inc. All Rights Reserved. MORN-R Media Contact:Rebecca Rogalski, +1 312 244-7771 or email@example.com View original content to download multimedia:http://www.prnewswire.com/news-releases/morningstar-reports-us-mutual-fund-and-etf-asset-flows-for-october-2018-300753968.html SOURCE Morningstar, Inc.
Annualized Recurring Revenue (ARR) Growth Acceleration Highlights Autodesk's Third Quarter Results
SAN RAFAEL, Calif., Nov. 20, 2018 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) today reported financial results for the third quarter of fiscal 2019 and announced the signing of a definitive agreement to acquire PlanGrid, a leading provider of construction productivity software.
Alderon’s Strategic Partner, HBIS, Meets Newfoundland and Labrador Premier, Hon. Dwight Ball, as Part of Successful China Mission with Stakeholders of the High-Grade Kami Iron Ore Project
MONTREAL, Nov. 20, 2018 (GLOBE NEWSWIRE) -- Alderon Iron Ore Corp. (TSX: IRON) ("Alderon" or the “Company”) is pleased to announce that the Company concluded a successful China mission to advance its relationship with key stakeholders of the Kami Iron Ore Project, located in western Labrador. A number of significant meetings were held on November 12, 2018, including a meeting between Honourable Dwight Ball, Premier of Newfoundland and Labrador, and the Chairman of HBIS Group Co. Ltd. (“HBIS”), Mr. Yu Yong, to discuss the advantages of investing in the Labrador Trough and the development of the Kami Iron Ore Project.
Jacobs Reports Fiscal Fourth Quarter Earnings
DALLAS, Nov. 20, 2018 /PRNewswire/ -- Jacobs (NYSE:JEC) today announced its financial results for the fiscal fourth quarter and fiscal year ended September 28, 2018.
QAD Reports Fiscal 2019 Third Quarter and Year-To-Date Financial Results
SANTA BARBARA, Calif., Nov. 20, 2018 /PRNewswire/ -- QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies, today reported financial results for the fiscal 2019 third quarter and first nine months ended October 31, 2018. Fiscal 2019 Third Quarter Financial Highlights: Total revenue for the fiscal 2019 third quarter grew to $79.6 million, from $77 million for the fiscal 2018 third quarter. Currency had a negative $1.4 million impact on total revenue. Subscription revenue increased 39 percent year-over-year, and represented 30 percent of total revenue for the third quarter of fiscal 2019, an eight-percentage point improvement over the prior-year third quarter. Additional fiscal 2019 third quarter financial highlights, versus the comparable period last year, include: Subscription revenue of $23.9 million, compared with $17.2 million. Currency had a $252,000 negative impact. Subscription gross margin of 64 percent, versus 56 percent. License revenue of $4.6 million, compared with $6.6 million. The currency impact was not meaningful. Professional services revenue remained constant at $20.7 million. Currency had a $492,000 negative impact. Maintenance and other revenue of $30.4 million, compared with $32.4 million. Currency had a $550,000 negative impact. GAAP pre-tax income of $3.6 million, versus $1.1 million. GAAP pre-tax income was higher than the company's prior guidance as a result of improved subscription margins and lower personnel expenses. Non-GAAP pre-tax income of $5.7 million, compared with $3.5 million. GAAP net income of $3 million, or $0.14 per diluted Class A share and $0.12 per diluted Class B share, versus a GAAP net loss of $161,000, or $(0.01) per Class A share and $(0.01) per Class B share."Our subscription business continued its revenue and margin growth as increasing numbers of global manufacturers embraced the cloud," said Pam Lopker, President of QAD. "With QAD's new Channel Islands offering now generally available in the cloud, the competitiveness of our product portfolio uniquely positions us for long term cloud revenue growth." For the first nine months of fiscal 2019, total revenue was $250.3 million, compared with $224.3 million for the first nine months of the prior fiscal year. Currency had a $2.5 million positive impact on total revenue. Subscription revenue grew 36% to $67.8 million for the first nine months of fiscal 2019, compared with $50 million for the first nine months of fiscal 2018. GAAP net income was $5.5 million, or $0.26 per diluted Class A share and $0.23 per diluted Class B share, for the fiscal 2019 year-to-date period, versus a GAAP net loss of $3.9 million, or $(0.21) per Class A share and $(0.17) per Class B share, for the same period last year. Non-GAAP pre-tax income was $16.2 million for the first nine months of fiscal 2019, compared with $6.1 million for the same period last year. QAD's cash and equivalents balance was $138.1 million at October 31, 2018, versus $147 million at January 31, 2018. Cash provided by operations was $15.1 million for the first nine months of fiscal 2019, compared with $2.8 million for the first nine months of fiscal 2018. Fiscal 2019 Third Quarter Operational Highlights: Received orders from 18 customers representing more than $500,000 each in combined license, subscription, maintenance and professional services billings, including seven orders exceeding $1 million, three of which exceeded $2 million; Received license or cloud orders from companies across QAD's six vertical markets, including: Adient Limited, Amtico Holdings Ltd., Argon Medical Devices, Avnet, Inc., Bakkersland B.V., Block & Company Inc., Danyang UPC Auto Parts Co., LTD, Exactech, Inc., Koninklijke Sanders B.V., Changchun Engley Automotive Industry Co. Ltd., LGC Group Limited, and Renolit SE; Announced availability of the latest version of QAD Cloud ERP and related solutions, including the general availability of its Channel Islands offering for use with QAD Cloud ERP 2018; Announced availability of Production Orders 3.0 with QAD Cloud ERP, which is compatible with the company's Channel Islands offering and includes enhancements to QAD Master Planning and Scheduling Workbenches; Signed system integrator agreements with Tata Consultancy Services and YASH Technologies to provide global consulting and implementation services; and Won the Frost & Sullivan 2018 North American ERP for Automotive Customer Value Leadership Award.Business Outlook QAD updated its fiscal 2019 full year guidance as follows: In the range of previous guidance, total revenue of approximately $332 million, including approximately $92 million of subscription revenue; Increased GAAP pre-tax income to approximately $9 to $10 million from previous guidance of $5 to $7 million; and Increased Non-GAAP pre-tax income to approximately $19 to $20.5 million from previous guidance of $16 to $19 million.The following is a forward-looking reconciliation of GAAP pre-tax income to non-GAAP pre-tax income for the fiscal 2019 full year: QAD Inc. Reconciliation of GAAP to Non-GAAP Forward-Looking Guidance Measures (in thousands) (unaudited) Twelve Months Ended January 31, 2019 Low High Non-GAAP pre-tax income reconciliation GAAP income before income taxes $ 9,000 $ 10,000 Add back Stock-based compensation expense 10,000 10,400 Amortization of purchased intangible assets 67 67 Change in fair value of interest rate swap - - Non-GAAP income before income taxes $ 19,067 $ 20,467 Estimated income tax expense on GAAP earnings $ 3,600 $ 4,000 Weighted average basic shares outstanding Class A 16,200 16,600 Class B 3,200 3,300 Weighted average diluted shares outstanding Class A 17,800 18,200 Class B 3,400 3,500 Calculation of Earnings per Share (EPS) EPS is reported based on the company's dual-class share structure, and includes a calculation for both Class A and Class B shares. Since Class A shares have rights to 120% of dividends paid on Class B shares, net income is apportioned so that earnings per share attributable to a Class A share are 120% of earnings per share attributable to a Class B share. Fiscal 2019 Third Quarter Financial Results Conference Call When: Tuesday, November 20, 2018Time: 2:00 p.m. PT (5:00 p.m. ET)Phone: 800-230-1059 (domestic); 612-234-9959 (international)Replay: Accessible through midnight November 27, 2018; 800-475-6701 (domestic); 320-365-3844 (international); passcode 455726Webcast: Accessible at www.qad.com; archive available for approximately one year Note about Non-GAAP Financial Measures QAD has disclosed non-GAAP adjusted EBITDA, non-GAAP adjusted EBITDA margins, non-GAAP pre-tax income and estimated income tax expense on GAAP earnings in this press release for the third quarter and first nine months of fiscal 2019. These are non-GAAP financial measures as defined by SEC Regulation G. QAD defines the non-GAAP measures as follows: Non-GAAP adjusted EBITDA - EBITDA is GAAP net income before net interest expense, income tax expense, depreciation and amortization. Non-GAAP adjusted EBITDA is EBITDA less stock-based compensation expense and the change in the fair value of the interest rate swap. Non-GAAP adjusted EBITDA margins - Calculated by dividing non-GAAP adjusted EBITDA by total revenue. Non-GAAP pre-tax income - GAAP income before income taxes not including the effects of stock-based compensation expense, amortization of purchased intangible assets and the change in fair value of the interest rate swap. Estimated income tax expense on GAAP earnings - Defined as GAAP total tax expense excluding changes in reserves for unrecognized tax benefits.QAD's management uses non-GAAP measures internally to evaluate the business and believes that presenting non-GAAP measures provides useful information to investors regarding the company's underlying business trends and performance of the company's ongoing operations as well as useful metrics for monitoring the company's performance and evaluating it against industry peers. The non-GAAP financial measures presented should be used in addition to, and in conjunction with, results presented in accordance with GAAP, and should not be relied upon to the exclusion of GAAP financial measures. Management strongly encourages investors to review the company's consolidated financial statements in their entirety and to not rely on any single financial measure in evaluating the company. Tables providing a reconciliation of the non-GAAP measures to their most comparable GAAP measures are included at the end of this press release. QAD non-GAAP measures reflect adjustments based on the following items: Stock-based compensation expense: The company has excluded the effect of stock-based compensation expense from its non-GAAP adjusted EBITDA and non-GAAP pre-tax income calculations. Although stock-based compensation expense is calculated in accordance with current GAAP and constitutes an ongoing and recurring expense, such expense is excluded from non-GAAP results because it is not an expense which generally requires cash settlement by QAD, and therefore is not used by the company to assess the profitability of its operations. The company also believes the exclusion of stock-based compensation expense provides a more useful comparison of its operating results to the operating results of its peers. Amortization of purchased intangible assets: The company amortizes purchased intangible assets in connection with its acquisitions. QAD has excluded the effect of amortization of purchased intangible assets, which include purchased technology, customer relationships, trade names and other intangible assets, from its non-GAAP pre-tax income calculation, because doing so makes internal comparisons to the company's historical operating results more consistent. In addition, the company believes excluding amortization of purchased intangible assets provides a more useful comparison of its operating results to the operating results of its peers. Change in fair value of the interest rate swap: The company entered into an interest rate swap to mitigate its exposure to the variability of one-month LIBOR for its floating rate debt related to the mortgage of its headquarters. QAD has excluded the gain/loss adjustments to record the interest rate swap at fair value from its non-GAAP adjusted EBITDA and non-GAAP pre-tax income calculations. The company believes that these fluctuations are not indicative of its operational costs or meaningful in evaluating comparative period results because the company currently has no intention of exiting the debt agreement early; and therefore over the life of the debt the sum of the fair value adjustments will be $0. About QAD â The Effective Enterprise QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB) is a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies. QAD Cloud ERP for manufacturing supports operational requirements in the areas of financials, customer management, supply chain, manufacturing, service and support, analytics, business process management and integration. QAD's portfolio includes related solutions for quality management software, supply chain management software, transportation management software and B2B interoperability. Since 1979, QAD solutions have enabled customers in the automotive, consumer products, food and beverage, high tech, industrial manufacturing, and life sciences industries to better align operations with their strategic goals to become Effective Enterprises. To learn more, visit www.qad.com or call +1 805-566-6000. "QAD" is a registered trademark of QAD Inc. All other products or company names herein may be trademarks of their respective owners. Note to Investors: This press release contains certain forward-looking statements made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding projections of revenue, income and loss, capital expenditures, plans and objectives of management regarding the company's business, future economic performance or any of the assumptions underlying or relating to any of the foregoing. Forward-looking statements are based on the company's current expectations. Words such as "expects," "believes," "anticipates," "could," "will likely result," "estimates," "intends," "may," "projects," "should," "would," "might," "plan" and variations of these words and similar expressions are intended to identify these forward-looking statements. A number of risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements. These risks include, but are not limited to: risks associated with our cloud service offerings, such as defects and disruptions in our services, our ability to properly manage our cloud service offerings, our reliance on third-party hosting and other service providers, and our exposure to liability and loss from security breaches; demand for the company's products, including cloud service, licenses, services and maintenance; pressure to make concessions on our pricing and changes in our pricing models; protection of our intellectual property; dependence on third-party suppliers and other third-party relationships, such as sales, services and marketing channels; changes in our revenue, earnings, operating expenses and margins; the reliability of our financial forecasts and estimates of the costs and benefits of transactions; the ability to leverage changes in technology; defects in our software products and services; third party opinions about the company; competition in our industry; the ability to recruit and retain key personnel; delays in sales; timely and effective integration of newly acquired businesses; economic conditions in our vertical markets and worldwide; exchange rate fluctuations; and the global political environment. For a more detailed description of the risk factors associated with the company and factors that may affect our forward-looking statements, please refer to the company's latest Annual Report on Form 10-K and, in particular, the section entitled "Risk Factors" therein, and in other periodic reports the company files with the Securities and Exchange Commission thereafter. Management does not undertake to update these forward-looking statements except as required by law. For More Information, Contact: Kara Bellamy Laurie Berman Chief Accounting Officer PondelWilkinson Inc. 805.566.6100 310.279.5980 firstname.lastname@example.org email@example.com (financial tables follow) QAD Inc. Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (in thousands, except per share data) (unaudited) Three Months EndedOctober 31, Nine Months EndedOctober 31, 2018 2017 2018 2017 Revenue: Subscription $ 23,863 $ 17,190 $ 67,813 $ 49,953 License 4,631 6,628 16,458 18,636 Maintenance and other 30,401 32,407 92,458 96,284 Professional services 20,682 20,700 73,581 59,392 Total revenue 79,577 76,925 250,310 224,265 Cost of revenue: Subscription 8,686 7,605 25,248 22,753 License 534 690 1,772 2,203 Maintenance and other 7,716 7,840 23,355 23,374 Professional services 20,425 21,911 68,489 61,276 Total cost of revenue 37,361 38,046 118,864 109,606 Gross profit 42,216 38,879 131,446 114,659 Operating expenses: Sales and marketing 18,447 17,697 57,895 52,981 Research and development 13,155 12,111 40,674 35,332 General and administrative 8,095 8,556 26,823 26,373 Amortization of intangibles from acquisitions 45 85 45 359 Total operating expenses 39,742 38,449 125,437 115,045 Operating income (loss) 2,474 430 6,009 (386) Other (income) expense: Interest income (646) (440) (1,913) (1,101) Interest expense 177 195 488 508 Other (income) expense, net (636) (413) (1,309) 1,399 Total other (income) expense, net (1,105) (658) (2,734) 806 Income (loss) before income taxes 3,579 1,088 8,743 (1,192) Income tax expense 597 1,249 3,251 2,701 Net income (loss) $ 2,982 $ (161) $ 5,492 $ (3,893) Net income (loss) $ 2,982 $ (161) $ 5,492 $ (3,893) Other comprehensive income, net of tax: Foreign currency translation adjustments (1,174) (743) (2,010) 1,029 Total comprehensive income (loss) $ 1,808 $ (904) $ 3,482 $ (2,864) Diluted income (loss) per share Class A $ 0.14 $ (0.01) $ 0.26 $ (0.21) Class B $ 0.12 $ (0.01) $ 0.23 $ (0.17) Diluted Weighted Shares Class A 17,948 16,011 17,911 15,913 Class B 3,433 3,214 3,429 3,212 QAD Inc. Condensed Consolidated Balance Sheets (in thousands) (unaudited) October 31, January 31, 2018 2018 Assets Current assets: Cash and equivalents $ 138,080 $ 147,023 Accounts receivable, net 46,420 83,518 Other current assets 19,493 15,856 Total current assets 203,993 246,397 Property and equipment, net 29,600 30,408 Capitalized software costs, net 1,486 990 Goodwill 12,284 11,023 Long-term deferred tax assets, net 11,363 7,944 Other assets, net 11,784 3,055 Total assets $ 270,510 $ 299,817 Liabilities and stockholders' equity Current liabilities: Current portion of long-term debt $ 481 $ 466 Accounts payable and other current liabilities 45,719 58,278 Deferred revenue 80,537 116,693 Total current liabilities 126,737 175,437 Long-term debt 12,957 13,313 Other liabilities 4,773 5,439 Stockholders' equity: Common stock 20 20 Additional paid-in capital 194,292 200,456 Treasury stock (7,384) (12,461) Accumulated deficit (52,047) (75,559) Accumulated other comprehensive loss (8,838) (6,828) Total stockholders' equity 126,043 105,628 Total liabilities and stockholders' equity $ 270,510 $ 299,817 QAD Inc. Condensed Consolidated Statements of Cash Flows (in thousands) (unaudited) Nine Months Ended October 31, 2018 2017 Net cash provided by operating activities $ 15,117 $ 2,844 Cash flows from investing activities: Purchase of property and equipment (3,225) (2,587) Acquisition of businesses, net of cash acquired (2,655) - Capitalized software costs (778) (809) Net cash used in investing activities (6,658) (3,396) Cash flows from financing activities: Repayments of debt (350) (333) Tax payments related to stock awards (8,705) (3,243) Cash dividends paid (4,105) (4,021) Net cash used in financing activities (13,160) (7,597) Effect of exchange rates on cash and equivalents (4,242) 3,094 Net decrease in cash and equivalents (8,943) (5,055) Cash and equivalents at beginning of period 147,023 145,082 Cash and equivalents at end of period $ 138,080 $ 140,027 QAD Inc. Reconciliation of GAAP to Non-GAAP Financial Measures (in thousands) (unaudited) Three Months EndedOctober 31, Nine Months EndedOctober 31, 2018 2017 2018 2017 Total revenue $ 79,577 $ 76,925 $ 250,310 $ 224,265 Net income (loss) 2,982 (161) 5,492 (3,893) Add back: Net interest income (469) (245) (1,425) (593) Depreciation 1,183 1,153 3,571 3,396 Amortization 216 274 521 997 Income tax expense 597 1,249 3,251 2,701 EBITDA $ 4,509 $ 2,270 $ 11,410 $ 2,608 Add back: Stock-based compensation expense 2,148 2,311 7,618 6,671 Change in fair value of interest rate swap (46) (106) (198) (103) Adjusted EBITDA $ 6,611 $ 4,475 $ 18,830 $ 9,176 Adjusted EBITDA margin 8% 6% 8% 4% Non-GAAP pre-tax income reconciliation Income (loss) before income taxes $ 3,579 $ 1,088 $ 8,743 $ (1,192) Add back Stock-based compensation expense 2,148 2,311 7,618 6,671 Amortization of purchased intangible assets 52 165 52 732 Change in fair value of interest rate swap (46) (106) (198) (103) Non-GAAP income before income taxes $ 5,733 $ 3,458 $ 16,215 $ 6,108 Estimated income tax expense on GAAP earnings $ 588 $ 1,244 $ 3,322 $ 2,741 View original content to download multimedia:http://www.prnewswire.com/news-releases/qad-reports-fiscal-2019-third-quarter-and-year-to-date-financial-results-300753923.html SOURCE QAD Inc.
Casa Vega “Decks the Halls” with Over-The-Top Decorations, Holiday Menu, Festive Cocktails and New Year’s Eve Fiesta
SHERMAN OAKS, Calif.--(BUSINESS WIRE)-- Crazy, fun, over-the-top decorations mark the start of the holiday season at Casa Vega, a family-owned Los Angeles institution that has deli
Ridgewood Savings Bank Elects Two New Trustees And Announces The Retirement Of Trustee Mary A. Ledermann
RIDGEWOOD, N.Y., Nov. 20, 2018 /PRNewswire/ -- Ridgewood Savings Bank (the "Bank") is pleased to formally announce the election of both Brian P. Mooney and Kevin J. Shine to its Board of Trustees effective January 1, 2019. The Bank also formally announces the retirement of Mary A. Ledermann from its Board of Trustees on December 31, 2018.
Lisa Detanna and Global Wealth Solutions Group of Raymond James Host ‘Flourish’ Event for Female Clients to Teach Financial Planning, Charitable Giving
BEVERLY HILLS, Calif.--(BUSINESS WIRE)-- Lisa Detanna, Managing Director of Global Wealth Solutions Group and Senior Vice President, Investments, of Raymond James hosts first ever
Saif bin Zayed Witnesses Endorsement of Abu Dhabi Declaration by Religious Leaders at Wahat Al Karama
Nov. 20, 2018 22:28 UTC On the Conclusion of the Interfaith Alliance for Safer Communities ABU DHABI, United Arab Emirates--(BUSINESS WIRE)-- Under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Lt. General HH Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, attended the endorsement of the “Abu Dhabi Declaration.” The declaration, issued by the Interfaith Alliance for Safer Communities: Child Dignity in the Digital World Forum was endorsed and approved by religious and spiritual leaders participating in the two-day assembly, which took place in Abu Dhabi on November 19-20, who pledged to act upon the declaration’s articles and achieve the objectives and obligations outlined by the leaders of the seven major world religions participating in the forum. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181120005775/en/ Saif bin Zayed, Khalifa bin Tahnoun, alongside religious and spiritual leaders in front of a memorial to express commitment to child protection (Photo: AETOSWire) In the presence of Sheikh Khalifa bin Tahnoon Al Nahyan, Executive Director of the Martyrs’ Families Affairs Office at the Crown Prince of Abu Dhabi’s court, Sheikh Saif accompanied guests on a tour across Wahat Al Karama (Oasis of Dignity). Religious and spiritual leaders from around the world lauded the Interfaith Alliance for Safer Communities Forum as a turning point in the joint global action plan to uphold humanitarian values and protect children in the digital world. The declaration was ratified at the Wahat Al Karama memorial by religious leaders and delegates from around the world, who pledged to join efforts to prevent child abuse and exploitation, while contributing to develop their physical, social, spiritual and emotional capabilities and potentials. The declaration indicated that maintaining children’s dignity is key to any society’s progress and stability and is recognized and guaranteed by conventions, laws, regulations and customs in force. Almost 4.2 billion people are active internet users and children account for more than a quarter of this population. Millions of children are subject to online abuse and sexual exploitation due to the misuse of modern technology innovations. To this end, the Declaration stressed the need for concerted efforts to develop proactive solutions to these objectionable phenomena, out of the firm belief that maintaining child dignity is an ethical, religious and humanitarian obligation. Participants pledged to promote dialogue and to reinforce partnerships between religious leaders to prevent any kind of child abuse and exploitation in the digital world, while organizing awareness programs to support children’s right to life and human dignity. They also agreed to declare 2019 as the “Year of Child Dignity” to protect children against the dangers of the digital world and shed light on this important issue. The Interfaith Alliance for Safer Communities Forum is an expansion of the Child Dignity in the Digital World Congress which was held in October 2017 in the Vatican and resulted in the “Rome Declaration” endorsed by Pope Francis. The congress recognized the UAE for its reputation for tolerance and was chosen to host an international forum to highlight its commitment to developing interfaith dialogue. These efforts resulted in the formation of the Interfaith Alliance for Safer Communities, which tackles the issue of child dignity online. The forum is supported by Al Azhar and is held in partnership with several global entities and organizations. *Source: AETOSWire View source version on businesswire.com: https://www.businesswire.com/news/home/20181120005775/en/ Contacts UAE Ministry of Interior’s General SecretariatSecurity Media Department Raed Al Ajlouni, +971504702790OrAmanda Ayass, +firstname.lastname@example.orgFollow us on: Twitter | Facebook | YouTube | Instagram | Google + Source: UAE Ministry of Interior Smart Multimedia Gallery Video Saif bin Zayed Witnesses Endorsement of Abu Dhabi Declaration by Religious Leaders at Wahat Al Karama (Press Video: AETOSWire) Video Saif bin Zayed Witnesses Endorsement of Abu Dhabi Declaration by Religious Leaders at Wahat Al Karama (Video: AETOSWire) Photo Saif bin Zayed, Khalifa bin Tahnoun, alongside religious and spiritual leaders in front of a memorial to express commitment to child protection (Photo: AETOSWire) Logo View this news release and multimedia online at: http://www.businesswire.com/news/home/20181120005775/en
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Private equity refers to investments funds structured as limited partnerships that are not listed on a public exchange and its investors include large institutional investors, wealthy individuals, and university endowments.
6 Key Benefits of Investing in Dividend Paying Stocks
Dividend-paying companies distribute a portion of the net income to the stockholders each year and reinvest the remaining profits back into the business. The payments are usually quarterly though there are companies that pay monthly.
5 Common Types of Financial Swaps
A swap is an act of exchanging one thing for another. In finance, swaps are derivatives wherein two counterparties exchange financial instruments. The swaps can involve an exchange of a series of cash flows of one party’s financial instrument for those of the other party’s financial instrument over a specific period of time. Swaps are mutual agreements that are easy to design and customize over the counter. They offer great flexibility that leads to many swap variations with each serving a given purpose. Reasons why parties agree to such arrangements: If their investments or repayment objectives change If it is beneficial financially to switch, to a new or alternative stream of cash flows compared to the existing ones To hedge against risks such as mitigation risks associated with a floating rate loan repayment. Here are the 5 common types of financial swaps: 1. Interest Rate Swap This is the most popular type of swaps. An interest rate swap is a contract between two parties to exchange a stream of future interest payments based on the principal amount. The parties exchange floating interest rate for a fixed rate or vice versa to increase or reduce exposure to interest rates volatility to obtain a marginally lower rate than would have been possible without the swap. It can also involve the exchange of one floating rate for another and usually occurs only to change the type or tenor of the floating rate index usually called basis swap. It usually occurs if a company can obtain a loan easily at one type of interest rate but prefers a different type of rates. 2. Currency Swaps Currency swaps involve the exchange of interest and in some cases of full exchange of principal amounts in one currency for the same but in another currency. It is also referred to as cross-currency swap as it involves foreign exchange transaction. It is a very flexible method of foreign exchange as maturities of the currency swaps are negotiable for at least 10 years. The interest rates can be floating or fixed and the exchange can be fixed vs. fixed, floating vs. floating and fixed vs. floating. The swap helps to hedge against interest rates and forex rates fluctuations for long-term investments. 3. Commodity Swaps A commodity swap is a financial derivative agreement where two parties agree to exchange cash flows which are reliant on the underlying commodity price. This swap is most common among people who use raw materials to produce finished products. It is used to hedge against the price of a commodity. It consists of a floating-leg component and a fixed-leg component where the floating-leg component is attached to the market price of the underlying commodity or agreed upon commodity index and the fixed-leg component is specified in the contract. These swaps are settled in cash but the physical delivery is predetermined in the contract. 4. Credit Default Swaps The credit default swap offers insurance in the event that third-party borrower defaults. It helps transfer between two or more parties the credit exposure of fixed income products. The swap buyer makes payment to the swap seller until the date of the maturity of the contract. The seller in return agrees that they will pay the buyer the security premiums in addition to all interest payments that would have been paid between that time and the security maturity date in the event that the debt issuer defaults. 5. Equity Swaps An equity swap is a financial derivative contract where two counterparties agree to exchange a set of future cash flows at set date’s n the future. The two cash flows are known as legs of the swap. The legs of the swap include the floating leg which is pegged to a floating rate such as LIBOR and the other leg component is the equity leg which is based n the performance of either a share of stock or a stock market index. Equity swaps help avoid transaction costs such as tax, limitations on leverage and get around policy governing a particular type of investment that an institution can grasp. Summary Swaps can be designed and structured in different ways to meet the needs of all the parties as they are offered over the counter (OTC). However, they are unregulated and so every investor should fully understand the implications of the swap before they enter into the contract.
HIVE Announces Improved Financial Terms of its Bitcoin Mining Contract, Welcomes Marco Streng, CEO of Genesis Group, as Vice Chairman and Appoints Darcy Daubaras as New CFO
ZUG, Switzerland and VANCOUVER, Nov. 20, 2018 /CNW/ - HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTC:HVBTF) (the "Company" or "HIVE") today announced that it is ushering in a new chapter for the Company as HIVE transitions from its initial start-up phase to HIVE 2.0. HIVE became a publicly listed company in September 2017 and is now a fully operational blockchain infrastructure company operating significant GPU and ASIC mining capacity. The Company is pleased to provide an update on its ASIC mining capacity which began operations on time on September 30, 2018. The previously announced cloud-based contract has been amended to reduce operating costs by ~30%, retroactive to October 1, 2018, and provides the option to extend the contract term to two years from one year. Management believes this will have an immediate positive impact on profitability and cash flow generation for the Company.
IEEE Computer Society's Computer Magazine Wins 2018 Folio: Eddie Award
LOS ALAMITOS, Calif., Nov. 20, 2018 /PRNewswire/ -- IEEE Computer Society's flagship magazine, Computer, won the 2018 Folio: Eddie Award for its September 2017 issue, Blockchain Technology in Finance, in the category of Association/Nonprofit, App/Digital Edition (https://www.foliomag.com/go/2018-eddie-and-ozzie-awards/#eddie-awards-winners).
DOVU Partners with TokenMarket For The First UK Tokenised Crowdfunding Campaign
LONDON, Nov. 20, 2018 /PRNewswire/ --
Dragonchain Awarded U.S. Interchain(TM) Patent
BELLEVUE, Wash., Nov. 20, 2018 /PRNewswire/ -- Dragonchain today announced a new patent that validates its leadership in solving security, utility, scalability, and flexibility issues that have stymied others in the blockchain industry. (eternal.dragonchain.com/) Interchainâ¢ redefines the use of blockchain technology to enable users to conduct processing across blockchains. It simplifies business processes with added security and utility. "Back in 2015, we were the first multi-chain hybrid to tap the Bitcoin public blockchain from our private blockchains within Disney. Interchain represents the efforts of our leadership in blockchain innovation and the evolution of solutions provided to the technology space," said Joe Roets, founder and CEO of Dragonchain. "Interchain empowers businesses to utilize the combined network effects of various blockchain solutions. Imagine transactions rooted with the combined security of Bitcoin and Ethereum and access to the innovation of those communities." What is Interchain?Interchain, simply put, is the way all blockchains, both public and private, can connect and interact in a secure way. Flexibility By allowing users to operate on multiple blockchains, Interchain reduces the strain on both large public blockchains and utility chains alike. This keeps transaction speeds high, while also lowering operational costs. Interchain expands users' selection of tools to improve scaling. Utility Interchain allows users to benefit from the features of specialized blockchains, built exclusively to respond to issues such as supply chain and quantum computing. Before Interchain, many of these utility chains went ignored because of their focused, but limited set of capabilities. Now, users have the option to leverage both the specialized features of utility chains and the all-purpose capabilities of public blockchains, giving them the best of both worlds. Security With Interchain, users can retain complete control of their data, keeping sensitive business logic and smart contracts proprietary. They can keep sensitive processing on a private network, and selectively share data or business logic on a public chain for transparency. The ability to publish data, transactions, and business logic to multiple blockchains provides the combined security of all blockchains. "We envision a multi-chain, multi-network, and multi-token future for blockchain-based computing," said Matthew Roszak, co-founder and chairman of Bloq, a Dragonchain advisor. "Interchain reflects this future by providing the necessary bridge between public and permissioned blockchain, facilitating a best-of-breed approach between the two environments." To see this technology in action and learn more about the future of Interchain, visit eternal.dragonchain.com/. About Dragonchain, Inc.Dragonchain is a technology leader in the blockchain space with operations in four business segments: enterprise services; entertainment; education and project incubation/acceleration. A US company, Dragonchain's goal is to empower businesses with an enterprise-grade blockchain solution. Learn more at www.dragonchain.com. Twitter: twitter.com/dragonchaingang Facebook: www.facebook.com/Dragonchaingang/ LinkedIn: www.linkedin.com/company/dragonchain/ Telegram: t.me/dragontalk View original content to download multimedia:http://www.prnewswire.com/news-releases/dragonchain-awarded-us-interchain-patent-300753792.html SOURCE Dragonchain
Societal Benefits Would Arise From Integration of Climate Science into Catastrophe Risk Modelling: The Geneva Association
Societal Benefits Would Arise From Integration of Climate Science into Catastrophe Risk Modelling: The Geneva Association
Updated Analysis from CoreLogic Shows 23,044 Homes at High or Extreme Risk Inside Wildfire Perimeters
1 Million Dollars: Generous donation by Transat A.T. Inc. to ESG UQAM's Chair in Tourism on its 25th anniversary
The Buckeye Institute's criminal justice reform work wins Atlas Network's 2018 North America Liberty Award