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Year: 2020

La-Z-Boy Reports Fiscal 2021 Second-Quarter Results

MONROE, Mich., Nov. 17, 2020 (GLOBE NEWSWIRE) — La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today reported strong operating results for the fiscal 2021 second quarter ended October 24, 2020.Fiscal 2021 second quarter versus Fiscal 2020 second quarter:Consolidated sales increased 2.7% to $459.1 millionWritten same-store sales for the entire La-Z-Boy Furniture Galleries® network increased 34%Consolidated operating income:GAAP: $47.9 million versus $29.6 million, an increase of 62%Non-GAAP(1): $51.2 million versus $33.7 million, an increase of 52%Consolidated operating margin:GAAP: 10.4% versus 6.6%Non-GAAP(1): 11.1% versus 7.5%Wholesale(2): 12.2% versus 10.6%Retail: 9.4% versus 5.8%Net income attributable to La-Z-Boy Incorporated per diluted share (“EPS”):GAAP: $0.75 versus $0.48Non-GAAP(1): $0.82...

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AgJunction Files Patent Infringement and Breach of Contract Lawsuit Against Ag Leader Technology

SCOTTSDALE, Ariz., Nov. 17, 2020 (GLOBE NEWSWIRE) — AgJunction Inc. (TSX: AJX), (“AgJunction” or the “Company”), has filed a patent infringement and breach of contract lawsuit in the U.S. District Court for the District of Arizona against Ag Leader Technology, Inc. (“Ag Leader”). The lawsuit alleges that Ag Leader products violate three of AgJunction’s patents related to automated machine control. The lawsuit further alleges that Ag Leader has breached the supply agreement between the companies.“AgJunction holds a comprehensive steering and machine control IP portfolio which has been tested and enforced in multiple actions,” said Bob Barjesteh, Executive Vice President and General Counsel of AgJunction. “These assets are vital to hands-free steering and autonomous functions and are critical...

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NIO Inc. Reports Unaudited Third Quarter 2020 Financial Results

Quarterly Total Revenues reached RMB4,526.0 million (US$666.6 million) iQuarterly Deliveries of the ES8, ES6 and EC6 were 12,206 vehiclesQuarterly Vehicle Margin reached 14.5%Quarterly Gross Margin reached 12.9%SHANGHAI, China, Nov. 17, 2020 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium smart electric vehicle market, today announced its unaudited financial results for the quarter ended September 30, 2020.Operating Highlights for the Third Quarter of 2020Deliveries of vehicles were 12,206 in the third quarter of 2020, including 8,660 ES6s, 3,530 ES8s and 16 EC6s, compared with 4,799 vehicles delivered in the third quarter of 2019 and 10,331 vehicles delivered in the second quarter of 2020.Financial Highlights for the Third Quarter of 2020Vehicle sales were RMB4,266.8 million (US$628.4...

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Convex Group Raises $1 Billion of Additional Capital

All amounts in U.S. dollars unless otherwise statedTORONTO, Nov. 17, 2020 (GLOBE NEWSWIRE) — Onex Corporation (“Onex”) (TSX: ONEX) and its affiliated funds (the “Onex Group”), along with GIC, announced that they and a consortium of existing and new co-investors have committed to invest $1 billion in Convex Group Limited (“Convex” or the “Company”). This capital raise is subject to customary regulatory approvals.Convex is a specialty insurer and reinsurer focused on complex risks that launched with $1.7 billion of committed capital in April of 2019. Convex’ initial invested capital was raised from the Convex management team, Onex Partners V, PSP Investments and a consortium of co-investors. The additional capital has been committed by the original investors as well as multiple new investors led by GIC.Bobby Le Blanc, President of...

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Matthew Remo, Director of Strategy and Development at Peapack-Gladstone Bank Recognized as NJBankers Rising Star

Bedminster, New Jersey, Nov. 17, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market:  PGC) and Peapack-Gladstone Bank are proud to announce that NJBankers recently recognized Matthew Remo as a “Rising Star” of the New Jersey banking industry at its virtual awards ceremony held on November 5, 2020.  The NJBankers Rising Star Award is granted to bankers, under the age of 40, to recognize their achievements in the Garden State banking industry.  Award winners exhibit the characteristics of true leaders and are outstanding professionals, mentors, teachers and colleagues who support bank and industry initiatives.  Mr. Remo has continuously exemplified strong leadership skills and professionalism throughout his career.  Most recently during these unprecedented times, he...

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Freddie Mac Research Shows that Forbearance Has Helped Mitigate the Damage to Homeowners During the Pandemic

MCLEAN, Va., Nov. 17, 2020 (GLOBE NEWSWIRE) — According to Freddie Mac’s (OTCQB: FMCC) latest Insight, without forbearance, many households may have defaulted or been forced to sell their homes during the COVID-19 pandemic. These forced sales could have depressed the housing market, leading to further defaults.Mortgage forbearance temporarily removes the obligation for borrowers to make their monthly mortgage payment. Forbearance plans are typically used by borrowers who experienced a sudden loss of employment, a reduction in income or damage from a natural disaster.“Mortgage forbearance provides liquidity to households and plays a vital role in mitigating the damage to homeowners during times of crisis whether it be a hurricane, wild fire, or health epidemic,” said Sam Khater, Freddie Mac’s Chief Economist. “Research on this topic...

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Selskabsmeddelelse nr. 07-2020

 NASDAQ Copenhagen A/S                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             17. november 2020SELSKABSMEDDELELSE NR. 07-2020 SBS Group indgår aftale om salg af SBS Friction til BremboScandinavian Brake Systems A/S har indgået aftale om at sælge divisionen SBS Friction for DKK 300 mio. (enterprise value). Hele provenuet fra salget vil blive anvendt til at nedbringe koncernens...

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Ontario Bandits Football Club Joins National Arena League

PUEBLO, Colo., Nov. 17, 2020 (GLOBE NEWSWIRE) — World of Weed Inc. (OTC PINK: WOWU) and PDX Partners Inc. (OTC PINK: PDXP) announce that the Ontario Bandits Football Club, a wholly owned subsidiary of PDX Partners Inc., joined the National Arena League (NAL).The Ontario Bandits become the first West Coast franchise in league history. The Bandits will be led by team President Pat Johnson. Johnson is a former Super Bowl Champion wide receiver and an Olympic-caliber sprinter in both high school (Redlands, Calif.) and at track & field powerhouse University of Oregon. PDX Partners Inc. and the Ontario Bandits Football Club has contracted to play in the league for the 2021, 2022, and 2023 seasons.Ontario becomes the latest expansion team for the NAL as the league previously announced recent expansion with the Albany Empire as its...

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Yara vedtar utbytte på 18 kroner pr. aksje

Oslo, 17. november 2020: Yaras ekstraordinære generalforsamling vedtok i dag et utbytte på 18,00 kroner pr. aksje i tråd med styrets innstilling.Utbyttet på 18,00 kroner pr. aksje utbetales 27. november 2020 til aksjonærer pr. 17. november 2020. Yara-aksjen noteres eks. utbytte fra og med 18. november 2020. Amerikanske depotbevis (ADR) noteres også eks. utbytte 18. november 2020, med utbetalingsdato 4. desember 2020.

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