NEW YORK , Dec. 10, 2024 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Unisys Corporation (NYSE: UIS) resulting from allegations that Unisys may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Unisys securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=9648 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. WHAT IS THIS ABOUT: On October 22, 2024 , the Securities and Exchange Commission announced that it had charged four companies, including Unisys, with "making materially misleading disclosures regarding cybersecurity risks and intrusions." Further, the SEC also charged Unisys with disclosure controls and procedures violations. On this news, Unisys stock fell 8.6% on October 22, 2024 . WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com View original content to download multimedia: https://www.prnewswire.com/news-releases/rosen-top-ranked-investor-counsel-encourages-unisys-corporation-investors-to-inquire-about-securities-class-action-investigation--uis-302328062.html SOURCE THE ROSEN LAW FIRM, P. A.What's New? Ukraine is set to receive a major boost to its air defenses from one of its staunch allies, following a series of major aerial assaults by Russia. On Thursday, the Danish Ministry of Defense announced that an aid package totaling 2.1 billion Danish Krone ($293 million) had been allocated to Ukraine . Included in the package are funds to "strengthen Ukraine's air defense." The Ministry said that financing will also be provided for "the operation of the Ukrainian F-16 capability." Alongside Sweden , Denmark will also be providing Ukraine with an unspecified number of CV90 infantry fighting vehiclesâarmored miniature tanks already operational in Ukraine âand deploying more personnel to assist NATO and the European Union in their missions supporting Ukraine. When contacted for further information on the package, the Danish Ministry of Defense told Newsweek it was unable to comment on Ukrainian air defenses for reasons of operational security. Why It Matters "One of Ukraine's most urgent needs right now is to be able to defend itself against the Russian airstrikes," Danish Defense Minister Troels Lund Poulsen said on Thursday. "That is why we have prioritized more support for air defense." Although Western allies have significantly upgraded Ukraine's air defenses, the country has endured a series of Russian aerial attacks targeting its cities and critical infrastructure. Last Friday, Volodymyr Zelensky said that 93 missiles and 200 drones had been launched at Ukraine , in what the president dubbed "one of the largest Russian attacks against our energy sector" since the war began. Zelensky said 81 of the missiles were intercepted, but power companies including DTEK and Ukrenergo reported significant damage at their facilities. This was followed by an assault on Kyiv on Friday morning, which caused fires to break out across the capital, leaving schools, medical facilities and residential buildings without power. What To Know Denmark has been a critical ally for Ukraine since the onset of the full-scale invasion, earmarking over $7 billion in funds for the country through to 2028, according to the Ministry of Defense. In addition to the support included in the latest package, Denmark has also been a key contributor to Ukraine's F-16 fighter jet fleet , alongside the Netherlands . On December 7, Zelensky announced that the second batch of Danish F-16s had arrived in Ukraine, and thanked the country for its continued support. "The aircraft from the first batch provided by the Danes are already shooting down Russian missiles and saving our people, our infrastructure," the president wrote on Telegram . "Now our air shield is additionally strengthened. If all partners were just as determined, we would have already managed to make Russian terror impossible." "Denmark has played a special role in building up with both donation of F-16 fighter jets and training of personnel," Minister of Defense Troels Lund Poulsen said on Thursday. What People Are Saying Danish Foreign Minister Lars Løkke Rasmussen , on Thursday : "Russia will stop at nothing in their illegal war. This underlines the Russian attacks on the Ukrainian energy system, which are about squeezing the Ukrainian population during the cold winter months. It is inhumane. This only makes it even more important that Europe and Denmark continue to support Ukraineâespecially for the Ukrainian air defense. We must put Ukraine in the best possible position." What Happens Next? As Ukraine petitions its Western allies to help shore up its air defenses, Russian President Vladimir Putin has threatened to launch even more severe attacks on the country's major cities. During a conference on Thursday, Putin proposed conducting a " technological experiment " to test the capabilities of Russia's Oreshnik missile. He invited Ukraine's backers to "concentrate all their air and missile defense forces" in Kyiv to see whether these could intercept the hypersonic ballistic missile. Putin also encouraged the U.S. to deploy a THAAD anti-ballistic missile system in Ukraine as a similar training exercise to evaluate the strength of Russian missiles. Do you have a story we should be covering? Do you have any questions about this article? Contact LiveNews@newsweek.com.
One of this yearâs acclaimed Oscar-contending documentaries goes below the waves with a remarkable community of women free divers off the coast of South Korea. Theyâre formally known as âhaenyeo,â but sometimes referred to as âKoreaâs mermaids.â Filmmaker Sue Kim âs term for them: âA bad-ass girl gang.â The director of the Apple Original Film The Last of the Sea Women first observed the haenyeo as a child. âThe very first time I ever saw them in person, it was on my first trip ever to Korea with my family when I was 8 years old,â Kim recalled at a recent Q&A. âMy parents took me and my brother down to Jeju Island â Jejuâs like the Hawaii of Korea... We were walking along the coast and just very spontaneously and organically saw this large group of women who were all dressed in their wetsuits... I just was so struck by them by that first appearance, and they caused such a commotion, and then they just went into the water and disappeared. And as an 8-year-old, that made such an impression.â Kim said it was her mother who initially explained more about the haenyeo. âShe told me, âTheyâre considered Koreaâs mermaids, and they harvest marine life and theyâve been doing this for centuries, and they basically are the breadwinners of Jeju Island.â ...It sort of imprinted on me permanently.â The haenyo take masks and flippers into the water, but not oxygen tanks: every conch, sea urchin or sea stone pineapple they harvest is collected while the divers hold their breath. Itâs dangerous work â fierce currents and exhaustion have cost haenyo their lives. The work requires extreme athleticism. âItâs incredibly difficult labor, and I think that is part of the reason why theyâve had not great luck in recruiting the younger generation to take it on,â Kim observed. âThese are 70- and 80-year-old women, so you see them above sea level walking, and theyâre hunched over and theyâre pushing their carts, but the minute they get in the water, they really do transform into these very strong, graceful weightless beings.â At one time there were tens of thousands of haenyo, but their number has dwindled to a few thousand now. It isnât only the difficulty of the work that has reduced numbers; as Kim puts it, âItâs not the same ocean anymore.â The director expanded, âWhat I found when I started filming and started talking to them â all of them uniformly agree that the greatest threat to their culture and tradition surviving is... climate change and global warming; the very delicate ecosystem of the ocean is destroying the marine life. So, the marine life isnât there anymore for the haenyo to be able to catch and subsist. They canât actually support their families with their bounty anymore in the way that they used to.â Nobel Peace Prize winner Malala Yousafzai produced the film, the first documentary under her Extracurricular production banner. She told us at the Toronto International Film Festival, where The Last of the Sea Women premiered, âI hope that through this documentary, people will be able to understand what we mean when we talk about risks to climate because this is an issue that we see in the papers. We hear about it, we hear about it on television, but itâs really hard to connect to it and realize how itâs impacting the everyday lives of people. And this is one story through which we understand how the climate change is impacting the lives of these incredible women.â The film explores another threat not only to the haenyo but to marine life in general in the area: the Japanese governmentâs plan to release into the ocean treated radioactive wastewater from the damaged Fukushima nuclear power plant. Currents spread the treated water to Jeju Island and elsewhere. The International Atomic Energy Association endorsed the release of the radioactive material, but the haenyo banded together to try to block it. Having first seen the haenyo as a child and recently spending a great deal of time with the women as an adult, Kim remains in awe of them. âI found out that they were the matriarchs â they literally converted Jeju Island into a semi-matriarchal social structure, which was unheard of back then,â she said. âThis is back in the â50s and â60s. Korea, like many countries, has a historically deeply patriarchal political structure and social structure. So, when I found out that these women were not only bad-asses, but they were also literally the leaders of this island, and they changed this island into a matriarchal structure, I just thought that was the most empowering, kind of inspiring female community Iâd ever heard of.â Kim added, âI just wanted to kind of get closer to them and, basically, understand their ways.âhas been recommended for approval by Federation Council staff, with opposition based on existing alcohol outlets spurned. or signup to continue reading A motion approving the development at Maxwell's Corner is to be presented to the council's meeting on Tuesday, November 26. The council's manager planning and development Terri O'Brien recommends the be subject to various conditions, despite 19 objections and a In her agenda report, Ms O'Brien responds to concerns raised by the community, which included economic impact on existing traders, pedestrian safety, traffic congestion and anti-social behaviour. She acknowledged multiple submissions noted Howlong hotels and an IGA supermarket already sell wine, beer and spirits and commercial impacts are not a planning consideration under the Environmental Planning and Assessment Act. "It is therefore not appropriate to further comment on this issue," Ms O'Brien stated. On the matter of traffic, Ms O'Brien referred to a Transport for NSW review that found the bottle shop "would not result in any adverse impacts on the local road network and that the proposed development would be suitable for the site". A social impact assessment, which found the alcohol outlet would "not negatively impact on the surrounding area", was also cited. Among those who objected to the council in March was then Howlong Community Progress Association secretary and now Federation Council mayor Cheryl Cook. She raised concerns about the block on the corner of Sturt and Hawkins streets, which is used by trucks travelling to Corowa, Albury and Victoria. "The BWS site significantly increases the chances of minor and major collisions, as trucks and cars need to quickly adjust to vehicles quickly entering and exiting from parking access to the BWS," now Cr Cook wrote. Like other objectors she noted the proximity to the Under the conditions of approval, the BWS would be open from 10am to 8pm on public holidays and from Sunday to Thursday and begin trading at the same time but close at 9pm on Fridays and Saturdays. Construction of the shop will be permitted to occur between 7am and 5pm from Monday to Saturday with no building occur on Sundays and public holidays. Other mooted conditions relate to dust control during erection, providing off-street parking, making a developer contribution of $19,600.45 and following noise control measures in relation to plant such as cool room equipment. DAILY Today's top stories curated by our news team. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. 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Concerns raised over hospitality staff after smoking curbs ditchedCanadaâs Minister of Innovation, Science and Industry Francois-Philippe Champagne is not part of todayâs cabinet shuffle as a new year election looks near-certain. Shuffle caps off a hectic week kicked off by the resignation of Finance Minister Chrystia Freeland. Champagne has been serving as Innovation Minister , when he took over from Navdeep Bains. The shuffle named eight news MPs to cabinet, replacing some ministers who have resigned or made it known they will not be seeking re-election in recent weeks, while four got new or modified portfolios. The shuffle includes new ministers responsible for a pair of regional development agencies that fund technology projects in Canada. Brampton North MP Ruby Sahota is the new Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), replacing Filomena Tassi who in October that she will not seek re-election. Sahota re-affirmed her support for Prime Minister Justin Trudeau on Monday after an in reaction to Deputy Prime Minister and Finance Minister Chrystia Freelandâs surprise . Additionally, Winnipeg South MP Terry Duguid is replacing Dan Vandal as the new Minister responsible for Prairies Economic Development Canada (PrairiesCan). Vandal also his retirement from politics in October. The shuffle caps off a hectic week leading up to the holidays, kicked off by Freelandâs resignation from her position Monday hours before she was scheduled to deliver the Fall Economic Statement (FES). In her departing statement, Freeland noted that she has been at odds with Trudeau lately regarding the best path forward for Canada at a time when the country faces âa grave challengeâ from the United States. After hours of uncertainty, chaos, and no finance minister, House Leader Karina Gould tabled the FES just after 4 p.m. on Monday. Less than an hour later, then-Minister of Public Safety, Democratic Institutions and Intergovernmental Affairs, Dominic LeBlanc, had Finance added to his portfolio. LeBlanc retained the finance portfolio in the shuffle, but Ottawa South MP David McGuinty took the Public Safety portfolio off his plate. Leblanc will now be the one responsible for following through on a in the FES aimed at spurring more investment in Canadaâs technology sector and domestic businesses more broadly. This a renewal of the Venture Capital Catalyst Initiative (VCCI), Scientific Research and Experimental Development (SR&ED) tax credit reform, programs to encourage more private investment in mid-cap growth firms and pension fund support for artificial intelligence (AI) data centres. There are also measures named in the that LeBlanc will now have to see through, such as the capital gains tax changes that Canadian tech earlier this year, that . However, many promises contained within the FES require legislative amendment, making them unlikely to be fulfilled after NDP leader Jagmeet Singh released a announcing his intention to file a non-confidence motion when the House of Commons sits again on Jan. 27, 2025. The NDP has long propped up the Liberal minority government, the Conservative Partyâs non-confidence motions throughout the year despite the in September. Without the NDPâs support, an election will almost certainly happen in the spring, leaving the Liberal proposals waiting to follow that result.
1 2 Varanasi: Chairman of the Atomic Energy Commission and secretary of the department of Atomic Energy, Dr AK Mohanty, inaugurated a modern research labâ Dr Sumati V Bhide âAnalytical Basic and Clinical Research' lab at the Mahamana Pandit Madan Mohan Malaviya Cancer Centre and Homi Bhabha Cancer Hospital (MPMMCC and HBCH) on Friday. The lab, set up at a cost of around Rs 3 crore, utilising funds from Department of Atomic Energy, the hospital's funds, and CSR funds from Aditya Vision, is equipped with facilities like bio-repository and tissue bank, cell culture facility, and gene editing. Samples can be preserved here at a temperature of â196 degrees Celsius. Dr Rohit Kumar, a scientific officer at the hospital, said that this lab will paly a significant in the fields of cancer biology, molecular biology, and cellular research and in translational research. Hospital director Dr Satyajit Pradhan said the lab will promote research in new drugs and technologies. tnnBy MICHELLE L. PRICE and ROB GILLIES NEW YORK (AP) â President-elect Donald Trumpâs recent dinner with Canadian Prime Minister Justin Trudeau and his visit to Paris for the reopening of the Notre Dame Cathedral were not just exercises in policy and diplomacy. They were also prime trolling opportunities for Trump. Related Articles National Politics | Trump names Andrew Ferguson as head of Federal Trade Commission to replace Lina Khan National Politics | Biden says he was âstupidâ not to put his name on pandemic relief checks like Trump did National Politics | Biden issues veto threat on bill expanding federal judiciary as partisan split emerges National Politics | Trump lawyers and aide hit with 10 additional felony charges in Wisconsin over 2020 fake electors National Politics | After withdrawing as attorney general nominee, Matt Gaetz lands a talk show on OANN television Throughout his first term in the White House and during his campaign to return, Trump has spun out countless provocative, antagonizing and mocking statements. There were his belittling nicknames for political opponents, his impressions of other political figures and the plentiful memes he shared on social media. Now thatâs heâs preparing to return to the Oval Office, Trump is back at it, and his trolling is attracting more attention â and eyerolls. On Sunday, Trump turned a photo of himself seated near a smiling first lady Jill Biden at the Notre Dame ceremony into a social media promo for his new perfume and cologne line, with the tag line, âA fragrance your enemies canât resist!â The first ladyâs office declined to comment. When Trudeau hastily flew to Florida to meet with Trump last month over the president-electâs threat to impose a 25% tax on all Canadian products entering the U.S., the Republican tossed out the idea that Canada become the 51st U.S. state. The Canadians passed off the comment as a joke, but Trump has continued to play up the dig, including in a post Tuesday morning on his social media network referring to the prime minister as âGovernor Justin Trudeau of the Great State of Canada.â After decades as an entertainer and tabloid fixture, Trump has a flair for the provocative that is aimed at attracting attention and, in his most recent incarnation as a politician, mobilizing fans. He has long relished poking at his opponents, both to demean and minimize them and to delight supporters who share his irreverent comments and posts widely online and cheer for them in person. Trump, to the joy of his fans, first publicly needled Canada on his social media network a week ago when he posted an AI-generated image that showed him standing on a mountain with a Canadian flag next to him and the caption âOh Canada!â After his latest post, Canadian Immigration Minister Marc Miller said Tuesday: âIt sounds like weâre living in a episode of South Park.â Trudeau said earlier this week that when it comes to Trump, âhis approach will often be to challenge people, to destabilize a negotiating partner, to offer uncertainty and even sometimes a bit of chaos into the well established hallways of democracies and institutions and one of the most important things for us to do is not to freak out, not to panic.â Even Thanksgiving dinner isnât a trolling-free zone for Trumpâs adversaries. On Thanksgiving Day, Trump posted a movie clip from âNational Lampoonâs Christmas Vacationâ with President Joe Biden and other Democratsâ faces superimposed on the characters in a spoof of the turkey-carving scene. The video shows Trump appearing to explode out of the turkey in a swirl of purple sparks, with the former president stiffly dancing to one of his favorite songs, Village Peopleâs âY.M.C.A.â In his most recent presidential campaign, Trump mocked Florida Gov. Ron DeSantis, refusing to call his GOP primary opponent by his real name and instead dubbing him âRon DeSanctimonious.â He added, for good measure, in a post on his Truth Social network: âI will never call Ron DeSanctimonious âMeatballâ Ron, as the Fake News is insisting I will.â As he campaigned against Biden, Trump taunted him in online posts and with comments and impressions at his rallies, deriding the president over his intellect, his walk, his golf game and even his beach body. After Vice President Kamala Harris took over Bidenâs spot as the Democratic nominee, Trump repeatedly suggested she never worked at McDonalds while in college. Trump, true to form, turned his mocking into a spectacle by appearing at a Pennsylvania McDonalds in October, when he manned the fries station and held an impromptu news conference from the restaurant drive-thru. Trumpâs team thinks people should get a sense of humor. âPresident Trump is a master at messaging and heâs always relatable to the average person, whereas many media members take themselves too seriously and have no concept of anything else other than suffering from Trump Derangement Syndrome,â said Steven Cheung, Trumpâs communications director. âPresident Trump will Make America Great Again and we are getting back to a sense of optimism after a tumultuous four years.â Though both the Biden and Harris campaigns created and shared memes and launched other stunts to respond to Trumpâs taunts, so far Americaâs neighbors to the north are not taking the bait. âI donât think we should necessarily look on Truth Social for public policy,â Miller said. Gerald Butts, a former top adviser to Trudeau and a close friend, said Trump brought up the 51st state line to Trudeau repeatedly during Trumpâs first term in office. âOh God,â Butts said Tuesday, âAt least a half dozen times.â âThis is who he is and what he does. Heâs trying to destabilize everybody and make people anxious,â Butts said. âHeâs trying to get people on the defensive and anxious and therefore willing to do things they wouldnât otherwise entertain if they had their wits about them. I donât know why anybody is surprised by it.â Gillies reported from Toronto. Associated Press writer Darlene Superville contributed to this report.
Trump names Andrew Ferguson as head of Federal Trade Commission to replace Lina KhanHICKSVILLE, N.Y. , Dec. 13, 2024 /PRNewswire/ -- Flagstar Financial, Inc. (NYSE: FLG) (the "Company") today announced the appointment of Brian Callanan , Senior Managing Director and General Counsel at Liberty Strategic Capital ("Liberty"), to its Board of Directors, effective December 16, 2024 . Commenting on the appointment, Joseph M. Otting , Chairman, President, and CEO said, "I'm pleased to have Brian join our Board. His proven track record and expertise in financial services, along with his strategic insights will be instrumental as we continue to execute on our transformation and long-term vision. Brian's perspectives will provide valuable guidance, and his leadership will play a critical role in driving sustainable growth, ensuring we achieve long-term success and maximize the value we deliver to our shareholders, employees, and clients." Callanan is a distinguished lawyer with extensive experience in financial regulation, regulatory compliance, and financial technology. At Liberty, Callanan leads the firm's legal function, serves on its Investment Committee, and focuses on financial sector investments. Prior to joining Liberty, he served as General Counsel of the U.S. Department of the Treasury, overseeing 2,000 lawyers across the department. As Chief General Counsel, he played a key role in major initiatives such as economic rescue programs during COVID-19, the design of new economic sanctions, and the implementation of tax reform. While serving as Deputy General Counsel, Callanan managed major litigation and advised on regulatory reform efforts, among other responsibilities. For his service, he received the Alexander Hamilton Award, the department's highest honor. This appointment aligns with the $1.05 billion equity investment in March 2024 , which stipulated that two Board seats would be granted to lead investor Liberty Strategic Capital. With Callanan's addition, the Company's Board of Directors, which was reconstituted earlier in 2024, expands to nine members, including Chairman, President, and Chief Executive Officer, Joseph M. Otting , Milton Berlinski , Alessandro P. DiNello , Alan Frank , Marshall Lux , Lead Independent Director Secretary Steven T. Mnuchin , Allen Puwalski , and Jennifer Whip. About Flagstar Financial, Inc. Flagstar Financial, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The Company is headquartered in Hicksville, New York . At September 30, 2024, the Company had $114.4 billion of assets, $73.0 billion of loans, deposits of $83 .0 billion, and total stockholders' equity of $8 .6 billion. Flagstar Bank, N.A. operates over 400 branches, including a significant presence in the Northeast and Midwest and locations in high growth markets in the Southeast and West Coast. In addition, the Bank has approximately 80 private banking teams located in over 10 cities in the metropolitan New York City region and on the West Coast, which serve the needs of high-net worth individuals and their businesses. Cautionary Statements Regarding Forward-Looking Statements This release may include forwardâlooking statements by the Company and our authorized officers pertaining to such matters as our goals, beliefs, intentions, and expectations regarding (a) revenues, earnings, loan production, asset quality, liquidity position, capital levels, risk analysis, divestitures, acquisitions, and other material transactions, among other matters; (b) the future costs and benefits of the actions we may take; (c) our assessments of credit risk and probable losses on loans and associated allowances and reserves; (d) our assessments of interest rate and other market risks; (e) our ability to execute on our strategic plan, including the sufficiency of our internal resources, procedures and systems; (f) our ability to attract, incentivize, and retain key personnel and the roles of key personnel; (g) our ability to achieve our financial and other strategic goals, including those related to our merger with Flagstar Bancorp, Inc., which was completed on December 1, 2022, our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, and our ability to fully and timely implement the risk management programs institutions greater than $100 billion in assets must maintain; (h) the effect on our capital ratios of the approval of certain proposals approved by our shareholders during our 2024 annual meeting of shareholders; (i) the conversion or exchange of shares of the Company's preferred stock; (j) the payment of dividends on shares of the Company's capital stock, including adjustments to the amount of dividends payable on shares of the Company's preferred stock; (k) the availability of equity and dilution of existing equity holders associated with amendments to the 2020 Omnibus Incentive Plan; (l) the effects of the reverse stock split; and (m) transactions relating to the sale of our mortgage business and mortgage warehouse business. Forwardâlooking statements are typically identified by such words as "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "should," "confident," and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which change over time. Additionally, forwardâlooking statements speak only as of the date they are made; the Company does not assume any duty, and does not undertake, to update our forwardâlooking statements. Furthermore, because forwardâlooking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those anticipated in our statements, and our future performance could differ materially from our historical results. Our forwardâlooking statements are subject to, among others, the following principal risks and uncertainties: general economic conditions and trends, either nationally or locally; conditions in the securities, credit and financial markets; changes in interest rates; changes in deposit flows, and in the demand for deposit, loan, and investment products and other financial services; changes in real estate values; changes in the quality or composition of our loan or investment portfolios, including associated allowances and reserves; changes in future allowance for credit losses, including changes required under relevant accounting and regulatory requirements; the ability to pay future dividends; changes in our capital management and balance sheet strategies and our ability to successfully implement such strategies; recent turnover in our Board of Directors and our executive management team; changes in our strategic plan, including changes in our internal resources, procedures and systems, and our ability to successfully implement such plan; changes in competitive pressures among financial institutions or from nonâfinancial institutions; changes in legislation, regulations, and policies; the imposition of restrictions on our operations by bank regulators; the outcome of pending or threatened litigation, or of investigations or any other matters before regulatory agencies, whether currently existing or commencing in the future; the success of our blockchain and fintech activities, investments and strategic partnerships; the restructuring of our mortgage business; our ability to recognize anticipated expense reductions and enhanced efficiencies with respect to our recently announced strategic workforce reduction; the impact of failures or disruptions in or breaches of the Company's operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns; the impact of natural disasters, extreme weather events, military conflict (including the Russia / Ukraine conflict, the conflict in Israel and surrounding areas, the possible expansion of such conflicts and potential geopolitical consequences), terrorism or other geopolitical events; and a variety of other matters which, by their nature, are subject to significant uncertainties and/or are beyond our control. Our forward-looking statements are also subject to the following principal risks and uncertainties with respect to our merger with Flagstar Bancorp, which was completed on December 1, 2022 , and our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction: the possibility that the anticipated benefits of the transactions will not be realized when expected or at all; the possibility of increased legal and compliance costs, including with respect to any litigation or regulatory actions related to the business practices of acquired companies or the combined business; diversion of management's attention from ongoing business operations and opportunities; the possibility that the Company may be unable to achieve expected synergies and operating efficiencies in or as a result of the transactions within the expected timeframes or at all; and revenues following the transactions may be lower than expected. Additionally, there can be no assurance that the Community Benefits Agreement entered into with NCRC, which was contingent upon the closing of the Company's merger with Flagstar Bancorp, Inc., will achieve the results or outcome originally expected or anticipated by us as a result of changes to our business strategy, performance of the U.S. economy, or changes to the laws and regulations affecting us, our customers, communities we serve, and the U.S. economy (including, but not limited to, tax laws and regulations). More information regarding some of these factors is provided in the Risk Factors section of our Annual Report on Form 10âK/A for the year ended December 31, 2023, Quarterly Report on Forms 10-Q for the quarters ended March 31, 2024 , June 30, 2024 , and September 30, 2024 , and in other SEC reports we file. Our forwardâlooking statements may also be subject to other risks and uncertainties, including those we may discuss in this news release, on our conference call, during investor presentations, or in our SEC filings, which are accessible on our website and at the SEC's website, www.sec.gov . Investor Contact: Salvatore J. DiMartino (516) 683-4286 Media Contact: Nicole Yelland (248) 219-9234 View original content to download multimedia: https://www.prnewswire.com/news-releases/flagstar-financial-inc-appoints-brian-callanan-to-board-of-directors-302331692.html SOURCE Flagstar Financial, Inc.
SEOUL, South Korea â South Korean President Yoon Suk Yeol said he will lift his martial law decree, giving in to the parliamentâs opposition, just hours after his dramatic move imposing it Tuesday. Yoon said in a televised address early Wednesday that he will âaccept the National Assemblyâs demand and lift the martial law through a cabinet meeting,â which he said he had called but its members hadnât yet arrived. He will immediately lift the martial law when they convene, he said. Yoon, 63, stunned the nation, lawmakers and investors earlier by declaring martial law in a high-stakes move he claimed would prevent the opposition from trying to paralyze his administration amid a political rift that is set to deepen markedly. The South Korean leaderâs political future will be put to test after his daring move, which caught even his fellow party members and foreign allies like the U.S. by surprise. âI request the National Assembly to immediately stop the reckless acts of paralyzing the functions of the state through repeated impeachments, legislative manipulation, and budget manipulation,â Yoon said in his earlier televised address. After Yoon announced he would lift the decree, South Koreaâs Joint Chiefs of Staff said its troops that had been mobilized for the martial law declaration have returned to their original posts as of 4:22 a.m., Yonhap reported. No unusual activities have been spotted from North Korea, it added. The move was viewed by analysts as a risky political play that was likely to backfire rather than an attempt to return to military-led regimes of the past. With his own government and party kept in the dark alongside the U.S. and other friendly nations, Yoon created a chaotic moment that left him isolated and even further from controlling the political agenda going forward. Early Wednesday morning, 190 lawmakers in the 300-seat parliament unanimously voted to demand the lifting of martial law. The president had said his move was intended to protect freedom and constitutional order, that it wouldnât have an impact on South Koreaâs foreign policy, and that it would help eradicate the influence of North Korean supporters. A proclamation released after the address banned all political activities and strikes and said media would be subject to control of the Martial Law Command. Korean assets were battered during New York trading. The won suffered its sharpest drop since the global financial crisis to hit 1444.65 its lowest in over two years, before paring losses. Samsung Electronicsâ London-listed shares fell as much as 7.2% then regained some ground. The finance minister and central bank chief met and promised to provide unlimited liquidity to markets if needed. The Bank of Korea will meet early Wednesday, just a week after a surprise rate cut partly triggered by heightened uncertainty generated by U.S. President-elect Donald Trumpâs election victory. Adding to the sense of chaos, the nationâs largest union federation called a general strike in defiance of Yoonâs order. The shock announcement to impose martial law for the first time since the democratization of South Korea in 1987 caught even Yoonâs own party off guard. Han Dong-hoon, leader of Yoonâs People Power Party, condemned the move and vowed to stop it, in a sign of the presidentâs increasing isolation and his lack of consultation. The move also surprised the White House, prompting Deputy Secretary of State Kurt Campbell to say that the Biden administration was watching the developments with âgrave concern.â Yoonâs abrupt decision came after months of wrangling and deadlock in parliament between the presidentâs minority government and the main opposition Democratic Party, but with little expectation that the president would take such a drastic step. The opposition has been trying to force its budget proposal through parliament and has submitted an impeachment motion against the chief prosecutor after months of also trying to get Yoonâs wife prosecuted. Adding to the fractious political rift, the DPâs leader has faced multiple court cases and was convicted last month of election-law violations, barring him from running for president if it is finalized. Amid the political standoff, Yoon had vetoed a string of bills passed by parliament and at times angering his own party. His latest act ramped up tensions considerably domestically, while also creating high uncertainty abroad for the outlook of one of the worldâs key suppliers of semiconductors and a stalwart U.S. ally in an increasingly complex security environment in Asia. Even though the martial law order lasted less than a day, the political instability it will generate is set to last two or three years, according to Lee Won-Jae, a sociology professor at at Kaist Graduate School of Culture Technology in Daejeon. âMartial law has lost its effect, so from this moment on, all state institutions exercising physical force, including the military and police of the Republic of Korea, are obligated not to follow unlawful or unfair instructions,â Han, the leader of Yoonâs party, said in a Facebook post. Yoonâs moves came at a time of high uncertainty for the nation as its trade-dependent economy faces potential tariffs from Trumpâs incoming U.S. administration. Bloomberg Economics estimates that full imposition of tariffs on China, South Korea and other U.S. trading partners could reduce Seoulâs exports to the U.S. by as much as 55%. Meanwhile, North Korea continues to present a security concern as it deepens its ties with Russia, having sent thousands of troops there to help in Moscowâs war against Ukraine. Russiaâs defense minister visited Pyongyang last week in the latest sign of talks between the two countries. Russia may help provide North Korea key technology for its weapons programs including its intercontinental ballistic missiles. âWe shouldnât be fooled â this has nothing at all to do with North Korea and all to do with domestic politics,â said Defense Priorities Fellow Daniel DePetris. China suggested its citizens residing in South Korea keep calm and try to avoid going outdoors for anything non-essential, the countryâs embassy said in a post on social media Tuesday night. The embassy also asked Chinese citizens to comply with official orders from the Korean government and âuse cautionâ over sharing political opinions. âThe domestic uncertainty adds to the external pressures in recent weeks as the market is starting to price in the rise of higher U.S. tariffs under the new Trump administration,â said Aroop Chatterjee, a strategist at Wells Fargo. âKorea is an open economy sensitive to shifts in global export demand and spillovers from a weaker China.â While it remains to be seen if the short-lived declaration of martial law will have a lasting impact on markets and the economy, Yoonâs high-stakes move is certain to knock confidence in his leadership and his reliability as a bullwark of democracy in a nation with many authoritarian neighbors. âU.S. officials look to South Korea now as a beacon of democracy so for a president to pull a fast one like this is certainly shocking and unprecedented,â said DePetris. Bank of Koreaâs monetary board, which unexpectedly cut the key rate last week, will also hold an extraordinary meeting Wednesday morning to discuss steps to shield the economy and markets. âFrom a near-term policy standpoint, apart from the market disruptions, uncertainty could also arise in the event of cabinet changes,â Goldman Sachs Group Inc. analysts Goohoon Kwon and Kamakshya Trivedi wrote in a note Tuesday. (With assistance from Maria Elena Vizcaino.) Š2024 Bloomberg L.P. Visit bloomberg.com. Distributed by Tribune Content Agency, LLC.X-Bow to Receive Additional Funding for Expansion of DoD Contract for Hypersonic Solid Rocket Motor Development
The YCM Awards took place on Wednesday, Dec 18, 2024, endowed with the prestigious UBS Trophy, gathering the large family of the Club under the presidency of HSH Prince Albert II of Monaco. MONACO, Dec. 20, 2024 (Korea Bizwire) â The curtain falls on 2024 at the Yacht Club de Monaco. As tradition goes, the YCM Awards took place Wednesday evening, endowed with the prestigious UBS Trophy, gathering the large family of the Club under the presidency of HSH Prince Albert II of Monaco. Every year this event pays tribute to sport performances, while welcoming new members to the YCM. In his speech, the Sovereign recalled YCMâs dual mission as a private club dedicated to its 2,500 members (81 nationalities) and its public service remit that contributes to âmaking Monaco The destination of reference for yachting, combining as it does innovation and sustainabilityâ. These values are reflected in its collective âMonaco, Capital of Advanced Yachtingâ which positions the Club as a key player in protecting the oceans and promoting maritime innovation. To this end, it is multiplying initiatives and actions such as the 12th Monaco Energy Boat Challenge (July 1-5, 2025), which will focus on artificial intelligence, or the development of the SEA Index, a reference environmental standard for pleasure boat owners. The latter is a tool now being applied in 15 harbours and marinas in the Mediterranean and in the Seychelles to assess CO2 emissions of yachts over 24m. Its methodology now includes fuel cell technologies and raises awareness of noise pollution. This evening honors the Y.C.M. racing members who have distinguished themselves on waters around the world. For the first time, two of them have reached the finals of the Americaâs Cup. Ineos Britannia, led by Sir Jim Ratcliffe, won the Louis Vuitton Cup, while the Defender, Emirates Team New Zealand, supported by Matteo de Nora, triumphed in the final for the third consecutive edition. â2024 was a very good year for us sport wise. It was very special for the Americaâs Cup, we are very proud of the resultsâ, added YCM General Secretary, Bernard DâAlessandri. Sporting performances are also synonymous with adventures for the Y.C.M. which supports Boris Herrmann, engaged in his second VendeĚe Globe aboard Malizia â Seaexplorer. Herrmannâs adventure it is one of the first events in 2025 calendar for the Club : âIn February, weâll be waiting for the result of the VendeĚe Globe and in July the Admirals Cup will be back. These two events will be the major regattas for this upcoming yearâ, said DâAlessandri. Established in 1957, The Admiralâs Cup is honoured throughout the world of sailing as the unofficial world cup for offshore racing and is making its return after a 22-year absence. After awarding HRH Prince Charles de Bourbon des Deux Siciles for his ninth victory in the Smeralda 888 International Championship 2024, and Giangiacomo Serena di Lapigio, winner of the Monegasque J/70 Championship, the ceremony ended with the YCM Awards-UBS Trophy being presented. Joost Schuijff, 1st in the Rolex IMA Maxi 1 World Championship, Vladimir Prosikhin, RC44 world champion, Kostia Belkin, winner of the Vele dâEpoca, BenoiĚt de Froidmont, IMA Maxi European vice-champion, Graeme Peterson, ClubSwan50 vice-champion and Massimiliano Ferruzzi, winner of the Grandie Regate Internazionali, were among the nominees. Peterson won the precious distinction, a first since he started sailing under the club colours. âI feel quite excited and it feels unexpected. Iâm delighted and itâs a real honor to be awarded it, so Iâm really pleased for all the effort we put in it with my family and teamâ, said Peterson. Among the youngest, OceĚane Schroeder created a surprise. Winner in the womenâs category of the Coupe Internationale de Printemps in La Rochelle, the young sailor was deeply moved to receive the YCM Youth Awards â UBS Trophy. Driven by the passion and excellence of its members, the Yacht Club de Monaco has established itself as a flagship institution, at the crossroads of innovation, heritage and sustainability. For more information: Press Office LaPresse - ufficio.stampa@lapresse.it A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2c9d7889-a2af-4fbe-9539-bddf2f959838 Source: Yacht Club de Monaco via GLOBE NEWSWIRETrump team signs agreement to allow Justice to conduct background checks on nominees, staff
Cam Carter put LSU ahead for good with a jumper 1:08 into the third overtime and the Tigers came away with a wild 109-102 win over UCF on Sunday in the third-place game of the Greenbrier Tip-Off in White Sulphur Springs, W.Va. Carter's make sparked a 5-0 spurt for LSU (5-1), which mounted a ferocious second-half rally that began after Darius Johnson drilled a 3-pointer to put the Knights up 52-34 with 12:57 to play in regulation. UCF (4-2) got back within two in the third overtime, but it never found a way to draw even. Vyctorius Miller and Jordan Sears sealed the victory, combining for three buckets down low that gave the Tigers a 106-99 cushion with 17 seconds remaining. Carter was the late-game hero for LSU, scoring the final four points of regulation to forge a 70-70 tie. He also knocked down a go-ahead 3-pointer with 3:19 left in the first extra session to give the Tigers a 76-75 advantage. Sears gave LSU a four-point edge with a triple of his own with 2:10 to go, but the Tigers failed to stay in front, and UCF's Keyshawn Hall kept the game going by sinking two free throws with six seconds remaining to make it 82-82. Neither team led by more than three in the second overtime, with Hall again coming to the Knights' rescue. He made two layups in the final 52 seconds of the frame to knot things at 93 and send the teams to a third OT. Few could have predicted 15 minutes of extra basketball after UCF put together a 25-3 first-half run that lifted it to a 38-18 advantage with 2:12 left until the break. LSU responded with seven unanswered points, but the Knights still led comfortably, 40-25, at intermission. Sears finished with a game-high-tying 25 points to go along with nine boards, while Jalen Reed recorded a 21-point, 13-rebound double-double for the Tigers. Carter netted 20 points, Miller had 16 and Dji Bailey chipped in 14. Johnson collected 25 points, six rebounds, eight assists and five steals for UCF. Hall totaled 21 points and 10 boards, and Jordan Ivy-Curry supplied 20 points. LSU outshot UCF 43.2 percent to 40.7 percent and had narrow advantages from behind the arc (12 made shots to 10) and the free-throw line (21-18). --Field Level Media
On the night of Dec. 3, 2024, South Korean President Yoon Suk Yeol declared martial law in the country. Soldiers entered Seoul, South Koreaâs capital city, and attempted to prevent the countryâs legislature from meeting while citizens took to the streets in protest. Since then, the National Assembly, South Koreaâs legislature, voted 190-0 to lift the countryâs martial law declaration. At 4:30 a.m. local time on Dec. 4, Yoon lifted the declaration. Weâre VERIFYING photos that have gone viral in the hours since Yoon first declared martial law. THE QUESTION Was this photo of a convoy of military vehicles on a South Korea city street taken after President Yoon declared martial law? THE SOURCES KFN , a YouTube channel run by the South Korean military Seoul Shinmun , an online news publication in South Korea THE ANSWER No, the photo of a convoy of military vehicles in Seoul, South Koreaâs capital city, was not taken during the countryâs period of martial law. VERIFY used RevEye, a reverse image search tool, to trace the image back to a Jan. 27, 2024, Korean news article . That article, which sourced the image to the Defense Public Relations Agency, said the armored vehicles were participating in a training exercise in downtown Seoul. The South Korean military posted a video about the convoy and training exercise to its YouTube channel , KFN, on Jan. 25, 2024. That video showed multiple angles of the convoy as it moved through Seoul. Rumors that tanks were deployed to Seoul after the martial law declaration have not been confirmed. VERIFY has not found any local press photos of tanks in the city, and the veracity of social media photos of tanks in the city could not be confirmed. THE QUESTION Is this a real photo of people protesting South Koreaâs martial law? THE SOURCES European Pressphoto Agency , a photo service founded by seven European news agencies RevEye, a reverse image source tool THE ANSWER No, this is not a photo of people protesting President Yoonâs declaration of martial law on the night of Dec. 3. It is a photo from an earlier protest against Yoon, calling for his resignation amid allegations of corruption. VERIFY once again checked for the source of the image using RevEye. Through that search, VERIFY found an Italian news article published Nov. 30, 2024, that credited the image to Jeon Heon Kyun of the EPA. âEPAâ is the acronym of the European Pressphoto Agency , which published the photo that same day. THE QUESTION Is this a real photo of staff at the National Assembly Building using fire extinguishers to prevent soldiers from advancing? THE SOURCES Reuters SBS News , a Korean news broadcaster THE ANSWER Yes, this is a real photo of staff at the National Assembly Building using fire extinguishers to prevent soldiers from advancing during martial law on the night of Dec. 3, 2024. The photo was published by Reuters . The incident was captured on video by Korean news broadcaster SBS News. It can be seen 11:56 minutes into this video . THE QUESTION Is this a real photo of protesters pushing a Korean lawmaker over the gate to parliament while the military was blocking it? THE SOURCES Gukjenews News Agency , a Korean news publication Livestream of Lee Jae Myung , leader of South Koreaâs opposition party THE ANSWER Yes, this is a real photo of protesters pushing a Korean lawmaker over the gate of the National Assembly Building, which is where Koreaâs legislative body gathers. At the time, when martial law was in effect, the military was attempting to prevent entry into the building. The image is watermarked with the logo of the Gukjenews news agency. That photo can be found on the news agencyâs website . Gukjenews published a number of photos from the protest outside of South Koreaâs National Assembly Building in Seoul. This lawmaker was not the only one who had to climb over the gate to enter the National Assembly Building. Lee Jae Myung, a member of the National Assembly and the leader of the countryâs opposition party, climbed over the fence to enter the National Assembly Building while recording a livestream posted to his YouTube channel.
CALGARY, AB , Dec. 3, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB ) is pleased to announce that its Board of Directors has appointed Douglas L. Foshee as a Director of Enbridge, effective January 1, 2025 . Mr. Foshee has more than 40 years of energy industry experience, including as Chair, President and CEO of El Paso Corporation from 2003 to 2012, as CFO and then COO of Halliburton Company from 2001 to 2003, and as Chair, President and CEO of Nuevo Energy from 1996-2001. "On behalf of the Board of Directors of Enbridge, we are very pleased to welcome Doug to the Enbridge Board. He has extensive energy industry and business experience and will be an excellent addition to our Board," stated Pamela Carter , the Chair of the Board of Directors of Enbridge. About Enbridge Inc. At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We're advancing new technologies including hydrogen, renewable natural gas, carbon capture and storage. Headquartered in Calgary, Alberta , Enbridge's common shares trade under the symbol ENB on the Toronto (TSX) and New York (NYSE) stock exchanges. To learn more, visit us at enbridge.com. FOR FURTHER INFORMATION PLEASE CONTACT: Media Toll Free: (888) 992-0997 Email: [email protected] Investment Community Toll Free: (800) 481-2804 Email: [email protected] SOURCE Enbridge Inc.Delphi Murders Case: Richard Allen Gets 130-Year Sentence for Teen Killings
SHENZHEN, China , Dec. 20, 2024 /PRNewswire/ -- As technology continues to evolve, consumer electronics have become essential to everyday life. Elephant Robotics, a high-tech company specializing in robotics design and production, is thrilled to announce its participation in the International Consumer Electronics Show (CES) 2025. This premier technology trade show will be held in Las Vegas , USA , from January 7-10 , where you can find Elephant Robotics at Booth 8963 in the LVCC North Hall. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.Texas Instruments announces award agreement for CHIPS and Science Act funding
Shares of Trump Media and Technology Group slid in midday trading on Friday after US President-elect Donald Trump transferred all his shares into a revocable trust, according to a regulatory filing. Mr Trump transferred all of his nearly 115 million shares â worth around four billion dollars (ÂŁ3.2 billion) on paper â in the parent company of social networking site Truth Social as a âbona fide giftâ to the Donald J Trump Revocable Trust, the Securities and Exchange Commission filing on on Thursday said. Mr Trumpâs shares amount to more than half of the companyâs stock. It is not clear why Mr Trump transferred the stock. Donald Trump Jr is the sole trustee and has sole voting and investment power over all securities owned by the trust. Trump Media shares were down about 2% at midday, to 34.68 dollars each. At one point on Friday, they were down around 6%. Trump Media shares have been volatile since the company began trading in March. They reached intraday highs close to 80 dollars (ÂŁ63.70) on the first day of trading, then slumped to all-time lows in September when Mr Trump and other insiders were finally allowed to sell shares after standard lock-up agreements expired. Mr Trump has not sold any shares in the company. The companyâs stock price has fluctuated wildly on news â good and bad â related to Mr Trump. They tumbled after Mr Trumpâs conviction in a hush money trial in May, then surged after the first assassination attempt on him in July. They surged again after he won re-election in November, even as the company reported a 19.2 million-dollar (ÂŁ15.29 million) third-quarter loss. Mr Trump created Trump Media after he was banned from Twitter and Facebook following the January 6 2021 Capitol riot.Drill Presses Market Driven by Demand for Immersive Technologies Across Industries 11-24-2024 08:39 PM CET | Advertising, Media Consulting, Marketing Research Press release from: Verified Industry Insights Drill Presses Market Global Drill Presses Market Impact of AI and Automation The drill presses market is witnessing steady growth, driven by increasing demand across industries such as manufacturing, automotive, aerospace, and construction. These machines are essential for precision drilling, allowing for greater accuracy and efficiency in various applications, from metalworking to wood and plastic fabrication. The rising trend of automation and Industry 4.0 is also contributing to market growth, with the integration of CNC (Computer Numerical Control) technology in drill presses enhancing their capabilities and performance. Furthermore, the expansion of small and medium-sized enterprises (SMEs) in emerging economies is driving the adoption of drill presses, as these businesses look to improve production efficiency. Technological advancements, such as the development of more energy-efficient and user-friendly models, are also propelling the market forward. As industrialization continues to expand, the drill presses market is expected to maintain its growth trajectory. The dynamics of the drill presses market are shaped by factors such as technological advancements, industry demand, and cost efficiency. The growing need for precision and efficiency in manufacturing processes, particularly in industries like automotive and aerospace, is driving demand for advanced drill press machines. Automation and the adoption of CNC technology are key drivers, offering increased precision and faster production times. Additionally, the rise of small and medium-sized manufacturing units in developing countries is boosting the market, as these businesses seek cost-effective, reliable machinery. However, the market faces challenges, such as the high initial investment required for advanced drill presses and the need for skilled operators. Competition from alternative drilling methods, such as laser or water jet cutting, may also pose challenges. Despite these factors, the demand for drill presses remains strong due to their versatility and reliability. Estimated at $1.5 billion in 2023, the Drill Presses Market size is forecasted to reach $2.3 billion by 2033, exhibiting a CAGR of 4.5% between 2024 and 2033. The report includes various segments and analyzes key trends and factors that play a significant role in the market.. The growth is being attributed to increasing demand in different sectors, Drill Presses technological advancement, and changing habits of consumers and industry towards sustainable and efficient technologies. Request PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart)@ https://www.verifiedindustryinsights.com/download-sample/1312570/?utm_source=OpenPr&utm_medium=072 Key Players in theDrill Presses Market Dewalt Jet Tools Grizzly Industrial Makita Bosch Rockwell WEN Products Milwaukee Metabo HPT Rikon Power Tools Shop Fox Global Drill Presses Market Segmentation: Drill Presses Market by Type Floor Drill Press Bench Drill Press Radial Drill Press Magnetic Drill Press Drill Presses Market by End-User Industry Manufacturing Automotive Aerospace Construction Metalworking Drill Presses Market by Sales Channel Direct Sales Distributors Online Sales Market Segmentation Dynamics of Drill Presses Market: The global Drill Presses market comprises numerous types, each targeting specific market demands. More types that are familiar to the customers are, hardware, software and service based solutions. Hardware solutions comprise tangible goods that include sensors, devices and components for power applications. Software solutions aid in improving functions by automating systems, analyzing data and integrating artificial intelligence to make systems more functional and efficient. Service based offering include providing support, running maintenance and offering consultancy services to ensure that Drill Presses systems are able to operate optimally and provide satisfactory value over time. All these segments combine to satisfy customer needs with these different types of helping in growth of global Drill Presses market. Global Usage of Drill Presses: Businesses, consumers, and governmental bodies use the Drill Presses resources within the respective jurisdictions. Drill Presses products are incorporated into businesses operating in manufacturing, retail, healthcare, and other industries to increase efficiency, reduce costs, and boost performance. The consumers' needs are evolving due to changing lifestyles, new technologies, and growing demand for easy solutions. At the same time, Drill Presses are employed by the governments to sustain the public order, construct and develop infrastructure, and provide better services. Different end-user groups use products for different purposes which determine the development of products and trends in the market. Firms which are able to meet the diverse demands of the end-users stand a good chance to prosper in the competitive landscape of the Drill Presses sector. Global Market by Region: North America Europe Asia-Pacific Latin America Middle East & Africa The Drill Presses market at the global level depicts notable regional differences wherein North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa all to overall growth. North America has the highest level of technology use and is continually supported by the demands of healthcare, automotive and industrial. Europe has inbuilt objectives of sustainability, compliance with regulations and advances in automotive and energy industries. Asia-Pacific is projected to be the fastest region driven mainly by industrialization, middle class growth and technology investment. Latin America and the Middle East and Africa are considered as new markets with potential growth for infrastructures and adoption of technology. It is essential to appreciate these regional aspects and their interrelations in order to formulate appropriate growth strategies for the Drill Presses market. Receive a Discount By Purchasing This Report @ https://www.verifiedindustryinsights.com/ask-for-discount/1312570/?utm_source=OpenPr&utm_medium=072 Frequently Asked Questions (FAQ) on the Global Drill Presses Market promotion Q. What is the growth forecast of the global Drill Presses market? A. Estimated at $1.5 billion in 2023, the Drill Presses Market size is forecasted to reach $2.3 billion by 2033, exhibiting a CAGR of 4.5% between 2024 and 2033. The report includes various segments and analyzes key trends and factors that play a significant role in the market.. It is obvious that demand for Drill Presses products will grow in the future as global markets expand. Factors such as rising consumer demand, technological advancements, and increasing industrial applications are fueling the market's expansion. As businesses and industries seek out possible advancement in operational efficiency and customized goods, the market's stable CAGR is expected to be witnessed. Q. Which regions have been influential in creating the need for Drill Presses in the countries that they operate in? A. Drill Presses's growth in volume has been derived mainly from Asia-Pacific primarily due to - accelerated industrial growth, urban expansion, and technological enhancement. This is closely followed by North America which will primarily be driven by technology enhancement and high consumption. Europe also remains a key market contributing towards Drill Presses demand fueled by the increasing trend towards innovative solutions sustainability. South America and Middle eastern and African regions too are increasingly becoming targets with awakening demand from infrastructures development and expanding industries. Q: What are the primary forces impacting the global Drill Presses industry? A: The expansion of the global Drill Presses market is mainly determined by technical advancement, transformation of customer requirements, and the growing requirement for efficiency across different regions. The infusion of advanced technologies like AI, automation, and IoT is improving the capability of products and creating new opportunities. Also, the trend towards greener approaches, the accompanying regulatory environment, and the rising adoption of Drill Presses in the developing economies are some major trends that are expected to influence the market. Q: Who dominates the global Drill Presses market? A: The global Drill Presses marketplace has matured companies as well as new innovators. The best companies have established excellence in marketing, have a wide range of products and are innovative. These companies are focused on upgrading their products and services, increasing their research and development activities as well as branching out into other core areas for regulatory advantages. Mergers and acquisitions are also part of the strategies that the top players deploy to ensure their success in the market. Q: In what manner are technologies supporting the growth of Drill Presses industry? A: Technology is revolutionizing the global Drill Presses industry by enhancing the features of products, increasing the efficiency of operations and creating new market opportunities. With the use of advanced technologies like AI, machine learning, automation, the production processes are being made more efficient, costs are being lowered and quality is increasing. The Internet of Things (IoT) also adds to the functionality and connectivity of products, resulting in more value for customers. There is also the emergence of digital transformation and data analytics enabling the businesses to understand their customers more comprehensively and thereby adjust their offers and marketing. Technology is enabling organizations to develop faster and better address the challenges in the market that is perpetually changing. đ For More Information or Query, Visit @ https://www.verifiedindustryinsights.com/report/global-drill-presses-industry/?utm_source=OpenPr&utm_medium=072 Categorized Construction and Manufacturing: Industrial Equipment The Global Drill Presses Market which is within the scope of Construction and Manufacturing and further divided into specific structures under Industrial Equipment has been growing tremendously with the increase in demand for new solutions and improvements. This market contains a large portfolio of applications and products to serve the various demands in the industry. With companies increasing the need to be efficient and productive, global Drill Presses Market has the potential to grow even further with a healthy outflow of money towards R&D. In addition, the increased demand for sustainability and regulatory measures are also altering the change in focus for the firms, encouraging them to develop green solutions. However, perhaps the most exciting development has been the emergence of a large number of new market participants, as well as existing ones who have an established presence in the industry. The market seems to have plenty of opportunities that stoke the growth and trends well enough to cater to the demand. 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Hezbollah fires about 250 rockets and other projectiles into Israel in heaviest barrage in weeksThe European Space Agency launched two satellites that can create âsolar eclipses on demandâ in an effort to better understand the sun. The Dec. 5 launch from India âhas the potential to change the nature of future space missions,â the agency said and aims to help scientists advance their study of space weather. The two satellites on the Proba-3 mission were launched together and separated just under 20 minutes after takeoff. The spacecraft will maintain âa fixed configuration as if they were a single large rigid structure in space, to prove formation flying and rendezvous technologies,â the agency said. Daniel Seaton, a co-investigator on Proba-3 and a solar physicist at the Southwest Research Institute, told The Washington Post the movements of the satellites must be extremely precise â within a millimeter â for the experiment to work. âThink about standing at one end of a football field and landing a pass on a penny at the other end; that would be easy compared to what theyâre doing here,â Seaton said. The satellites will align precisely in orbit to create the artificial eclipse, with one spacecraft casting a shadow onto the other from 150 meters away. âThe shade provided by the first spacecraft will cover the fiery face of the Sun so that its faint surrounding âcoronalâ atmosphere becomes visible,â mimicking an eclipse, the agency said. âThe enigmatic corona â much hotter than the Sun itself â is where space weather originates, a topic of widespread scientific and practical interest.â These on-demand solar eclipses can last up to six hours, enabling scientists to conduct research without flying around the world chasing eclipses to study them. If successful, the technology could be scaled up to larger satellites that could block out more starlight and help scientists search for planets, according to Seaton.