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Month: March 2020

Michelin : Déclaration du nombre total des droits de vote et du nombre d’actions composant le capital social

10 mars 2020Déclaration du nombre total des droits de vote et du nombre d’actionscomposant le capital social(articles L.233-8 du Code de commerce et 223-16du règlement général de l’Autorité des marchés financiers)* Compte tenu de 111 145 actions en auto détentionCOMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELINSociété en commandite par actionsAu capital de € 357 255 110855 200 887 R.C.S. CLERMONT-FERRANDSiège social : 23, place des Carmes-Déchaux – 63000 Clermont-FerrandPièce jointeDéclaration AMF FR 29_02_2020

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SHAWCOR PROVIDES BUSINESS UPDATE AND ANNOUNCES DIVIDEND SUSPENSION

TORONTO, March 16, 2020 (GLOBE NEWSWIRE) — Shawcor Ltd. (TSX: SCL) announced today that it will be undertaking a series of measures to address the uncertainty and expected market slowdown caused by the COVID-19 pandemic and recent changes in oil and gas supply and demand that are expected to reduce capital investments by operators.  These measures will include the acceleration of already planned plant closures, exiting of expected low profitability markets, selling of select businesses and assets and additional reductions to our working capital and fixed cost structure, all designed to further strengthen the Company’s balance sheet.  To date, already identified cost reduction opportunities should provide a 6 to 12 month payback.  Initially, the target is in excess of $60 million in annualized SG&A and other cost savings and...

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KEMET Introduces Metal Composite Power Inductors for Automotive Applications

FORT LAUDERDALE, Fla., March 16, 2020 (GLOBE NEWSWIRE) — KEMET Corporation (“KEMET” or the “Company”) (NYSE: KEM) a leading global supplier of electronic components, has launched a new family of metal composite power inductors to address the stringent demands of the automotive market. The MPXV product offering enhances the company’s METCOM range and is AEC-Q200 qualified for use in the automotive sector.The new power inductors provide efficient power conversion while minimizing Electromagnetic Interference (EMI) and are ideal for use in DC to DC switching power supplies for the growing number of Electronic Control Units (ECUs) found in automotive systems.  According to Fortune Business Insights* the automotive ECU market is forecast to reach USD 12.92 Billion by 2026, a CAGR of 11.9% in seven years.The MPXV series is optimized for...

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Lee Enterprises completes acquisition of Berkshire Hathaway newspaper operations

Expands Lee’s portfolio to 77 total publications in 77 communities across the U.S.Berkshire Hathaway is now Lee’s sole lender through financing transactionDAVENPORT, Iowa, March 16, 2020 (GLOBE NEWSWIRE) — Lee Enterprises, Incorporated (NYSE: LEE), a trusted local news provider and leading platform for advertising in 77 markets, announced today it has completed its acquisition of BH Media Group’s (“BHMG”) publications and The Buffalo News.The acquisition nearly doubled Lee’s audience size and added 30 daily newspapers, more than 49 paid weekly publications with digital sites, and 32 other print products from BHMG, as well as The Buffalo News, to Lee’s portfolio of high-quality local publications. Lee’s portfolio is now comprised of 77 publications in 77 communities. Additionally, after the elimination of the management agreement...

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Spero Therapeutics Announces Fourth Quarter and Full-Year 2019 Operating Results and Provides Pipeline Update

CAMBRIDGE, Mass., March 16, 2020 (GLOBE NEWSWIRE) — Spero Therapeutics, Inc. (Nasdaq:SPRO), a multi-asset clinical-stage biopharmaceutical company focused on identifying, developing and commercializing treatments in high unmet need areas involving multi-drug resistant bacterial infections and rare diseases, today announced financial results for the fourth quarter and full-year ended December 31, 2019 and provided a pipeline update.“In 2019 and continuing into 2020, we have made significant clinical progress with positive clinical data reported for all of our pipeline programs, all of which are designed to address serious unmet needs and to treat multi-drug resistant infections,” said Ankit Mahadevia, M.D., Chief Executive Officer of Spero Therapeutics.   “We have a solid cash position heading into 2020 bolstered by proceeds from...

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DSV, 825 – Outlook for 2020 withdrawn and share buy-back suspended due to coronavirus uncertainty

Company Announcement No. 825As a result of the current global outbreak of coronavirus, supply chains and the global transport and logistics markets are currently seeing a substantial negative impact. During February, the impact was mainly related to transports from and to China, but now the impact on supply, demand and transport and logistics capacity is global. Results have been on budget for January 2020 and approximately DKK 150 million below budget for February 2020.Due to the changed outlook for the global supply chains and transport and logistics markets, we expect a negative impact on our business and financial performance in the coming months. Given the rapid day-to-day developments in many markets, we are currently unable to accurately assess the magnitude of this short-term impact, and we thus withdraw our outlook for 2020 pending...

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UFPI acquires Quest Design & Fabrication and Quest Architectural Millwork, expanding commercial construction business

GRAND RAPIDS, Mich., March 16, 2020 (GLOBE NEWSWIRE) — Universal Forest Products, Inc. (n/k/a UFP Industries, Nasdaq: UFPI) today announced that one of its affiliates acquired the operating assets of Quest Design & Fabrication and Quest Architectural Millwork, collectively known as Quest. Based near Houston, Texas, Quest specializes in designing, fabricating and installing premium millwork and case goods for a variety of commercial uses, including builder’s sales centers, design studios, hospitality, corporate offices, and healthcare. The company had approximately $22 million in sales in 2019. Jon Deutser, president and CEO of Quest, will continue to run the company.“We are very excited to join the UFP Industries family of companies,” said Jon. “We share multiple customers, and UFPI’s national footprint will help us grow quickly...

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SEC QUALIFIES TIER 1 REG A OFFERING FOR LIMITLESS VENTURE GROUP, INC.

TULSA, Okla., March 16, 2020 (GLOBE NEWSWIRE) — Limitless Venture Group, Inc. (PINK OTC: LVGI) today announces their Tier 1 Reg A offering has been deemed qualified by the SEC. This offering gives LVGI the ability to raise up to 1.5 million dollars.“This is the key piece of the puzzle that will now allow LVGI to raise the necessary capital to close on its current majority interest acquisition targets, expand these companies through adding additional lines of products and extensive marketing programs,  locate and negotiate additional acquisitions and to bring price appreciation and shareholder value to LVGI”, states CEO Joseph Francella.The LVGI management team has now determined that the best and fastest way to generate revenues and profits, and to create true shareholder value, will be to acquire majority interests...

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Energy Focus Awarded $1.7 Million Contract to Provide LED Lighting for Four New Navy Ships

SOLON, Ohio, March 16, 2020 (GLOBE NEWSWIRE) — Energy Focus, Inc. (NASDAQ: EFOI), a leader in sustainable LED lighting technologies, has been awarded a contract valued at approximately $1.7 million to supply a U.S.-based shipbuilder with LED lighting tube and fixture products. The products, which are U.S. Navy-approved, will be installed in four new navy ships through the Foreign Military Sales (FMS) program that allows U.S. allied countries to purchase defense articles and services. The Company expects to deliver on the contract beginning in the second quarter of 2020 with completion expected by the end of 2021.“This contract is from a new shipbuilder customer who values the innovation, performance, quality and reliability of our Navy products,” said James Tu, Chairman & CEO of Energy Focus. “This news follows our recent $3.4...

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CreditRiskMonitor 2019 Operating Results

VALLEY COTTAGE, N.Y., March 16, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — CreditRiskMonitor (OTCQX: CRMZ) reported that revenues for the year ended December 31, 2019 increased to $14.50 million up 4% from $13.89 million in 2018. The Company reported pre-tax income of approximately $343,100 for 2019 compared to a pre-tax loss of approximately $192,200 in the prior year. Net income for 2019 was approximately $217,600 compared to a net loss of approximately $179,300 in the prior year. Cash and cash equivalents at the end of 2019 increased to $8.28 million from the 2018 year-end balance of $8.07 million.Jerry Flum, CEO, said, “I’m happy to report that we reversed the losses incurred last year while continuing to add new content into our product. We remain debt-free and our strong balance sheet provides us with financial flexibility...

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