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Day: December 18, 2024

Steelcase Reports Third Quarter Fiscal 2025 Results

Strong results compared to prior year including:Revenue growth of 2% driven by 5% growth in the Americas Gross margin improvement of 100 basis points Total liquidity strengthened by $152 millionAmericas posted order growth of 2% compared to prior year Outlook for fiscal 2025 adjusted earnings per share exceeds company targetsGRAND RAPIDS, Mich., Dec. 18, 2024 (GLOBE NEWSWIRE) — Steelcase Inc. (NYSE: SCS) today reported third quarter revenue of $794.9 million, net income of $19.1 million, or $0.16 per share, and adjusted earnings per share of $0.30. In the prior year, Steelcase reported revenue of $777.9 million and net income of $30.8 million, or $0.26 per share, and had adjusted earnings per share of $0.29. Revenue and order growth (decline) compared to the prior year were as follows:  Q3 2025 vs. Q3 2024  Revenue...

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Micron Technology, Inc. Reports Results for the First Quarter of Fiscal 2025

Micron delivers record fiscal Q1 revenue, driven by strong AI demandData center revenue grew over 40% sequentially and over 400% year over year BOISE, Idaho, Dec. 18, 2024 (GLOBE NEWSWIRE) — Micron Technology, Inc. (Nasdaq: MU) today announced results for its first quarter of fiscal 2025, which ended November 28, 2024. Fiscal Q1 2025 highlightsRevenue of $8.71 billion versus $7.75 billion for the prior quarter and $4.73 billion for the same period last year GAAP net income of $1.87 billion, or $1.67 per diluted share Non-GAAP net income of $2.04 billion, or $1.79 per diluted share Operating cash flow of $3.24 billion versus $3.41 billion for the prior quarter and $1.40 billion for the same period last year“Micron delivered a record quarter, and our data center revenue surpassed 50% of our total revenue for the first time,”...

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Nokia Corporation: Repurchase of own shares on 18.12.2024

Nokia CorporationStock Exchange Release18 December 2024 at 22:30 EET Nokia Corporation: Repurchase of own shares on 18.12.2024 Espoo, Finland – On 18 December 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*XHEL 872,093 4.29CEUX – –BATE – –AQEU – –TQEX – –Total 872,093 4.29* Rounded to two decimals On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The repurchases in compliance with the Market Abuse Regulation (EU) 596/2014...

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PSB Holdings, Inc. announces semi-annual cash dividend of $0.32 per share

WAUSAU, Wis., Dec. 18, 2024 (GLOBE NEWSWIRE) — PSB Holdings, Inc. (OTCQX: PSBQ), parent company of Peoples State Bank, is pleased to announce that on December 17, 2024, its Board of Directors declared a regular semi-annual cash dividend of $0.32 per share of the Company’s common stock. The dividend is payable January 31, 2025 to shareholders of record as of January 10, 2025 and represents an increase of 6.7% over the $0.30 per share semi-annual cash dividend declared on December 19, 2023. The current dividend continues a 60-year tradition of cash dividends to PSB shareholders including 31 consecutive years of increased cash dividends declared per share. PSB President and CEO Scott M. Cattanach said, “We remain optimistic in our improved financial performance since mid-year and are pleased to announce a $0.32 per share semi-annual...

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GSR III Acquisition Corp. Announces the Separate Trading of its Shares of Class A Ordinary Shares and Commencing December 19, 2024

New York, NY, Dec. 18, 2024 (GLOBE NEWSWIRE) — GSR III Acquisition Corp. (“GSRT” or the “Company”) announced today that, commencing December 19, 2024, holders of the units sold in the Company’s initial public offering of 23,000,000 units, which included 3,000,000 units issued upon the full exercise of the underwriter’s over-allotment option (“Units”), may elect to separately trade the Company’s Class A Ordinary Shares (“Class A Ordinary Shares”) and Rights (Rights”) included in the Units. Each Unit consists of one Class A Ordinary Share and one-seventh (1/7th) of one Right, with each whole right entitling the holder thereof to receive one Class A Ordinary Share upon the consummation of an initial business combination. No fractional rights will be issued upon separation of the units and only whole rights will trade. The Class A...

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Saia Partners with Tesla to Launch Two Electric Semis

The cutting-edge semi-trucks are part of Saia’s commitment to sustainability and innovation in logistics. JOHNS CREEK, Ga., Dec. 18, 2024 (GLOBE NEWSWIRE) — Saia Inc. (NASDAQ: SAIA) announced that Saia LTL Freight has partnered with Tesla to introduce two of the company’s first Tesla Semi trucks to its fleet. As Saia celebrates its 100th anniversary, this collaboration signifies not just a milestone in the carrier’s history but also a bold commitment to the future, exploring the latest technology to better serve its customers. The partnership represents another step forward in sustainable transportation as Saia becomes one of the early testers of Tesla’s state-of-the-art electric semi-trucks. The Tesla Semi brings unparalleled innovation to the logistics industry, reinforcing Saia’s role as a trailblazer for the future of freight...

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Verizon Frontline Crisis Response Team supports 800+ agencies during 2024 emergency responses

What you need to know:The Verizon Frontline Crisis Response Team deployed nearly 900 times in 2024, supporting first responders in nearly every state and Washington D.C. The team responded to requests for support from public safety agencies during responses to tornadoes, hurricanes, and wildfires.BASKING RIDGE, N.J., Dec. 18, 2024 (GLOBE NEWSWIRE) — Throughout 2024, public safety agencies across the nation responded to everything from severe weather events like tornadoes and hurricanes to devastating wildfires and more, all under some of the most austere conditions imaginable. During this challenging year, the Verizon Frontline Crisis Response Team helped provide mission-critical communications support to the first responders on the front lines of these disaster response operations. Composed primarily of former public safety...

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Technip Energies and LanzaTech Awarded Funding from the U.S. Department of Energy for Commercializing Breakthrough CO2 to Ethylene Technology

CHICAGO, Dec. 18, 2024 (GLOBE NEWSWIRE) — Technip Energies (PARIS:TE) and LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech”) announced that the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) has committed up to $200 million in federal funding and authorized the initiation of Phase 1 of their Sustainable Ethylene from CO2 Utilization with Renewable Energy Project (Project SECURE). Project SECURE, led by Technip Energies in partnership with LanzaTech, aims to provide an integrated commercial process which takes captured carbon dioxide from ethylene production and recycles it with low carbon intensity hydrogen to create sustainable ethanol and ethylene. This joint technology solution is intended to first be deployed in the U.S. Gulf Coast region for integration directly into an existing commercial ethylene...

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Technip Energies and LanzaTech Awarded Funding from the U.S. Department of Energy for Commercializing Breakthrough CO2 to Ethylene Technology

ethylene cracker_Image cred Technip Energiesethylene cracker_Image cred Technip EnergiesTechnip Energies (PARIS:TE) and LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech”) announced that the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) has committed up to $200 million in federal funding and authorized the initiation of Phase 1 of their Sustainable Ethylene from CO2 Utilization with Renewable Energy Project (Project SECURE). Project SECURE, led by Technip Energies in partnership with LanzaTech, aims to provide an integrated commercial process which takes captured carbon dioxide from ethylene production and recycles it with low carbon intensity hydrogen to create sustainable ethanol and ethylene. This joint technology solution is intended to first be deployed in the U.S. Gulf Coast region for integration...

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Canadian Gold Resources (TSXV: CAN) Announces Non-Brokered Private Placement of Flow-Through Units and Non Flow-Through Units

DIEPPE, New Brunswick, Dec. 18, 2024 (GLOBE NEWSWIRE) — Canadian Gold Resources Ltd. (“Canadian Gold” or the “Company”) (TSXV: CAN) is pleased to announce a non-brokered private placement (the “Offering”) of:up to 7,500,000 flow-through units (each, an “FT Unit”), at $0.30 per FT Unit, for aggregate gross proceeds of up to $2,250,000; andup to 1,000,000 non flow-through units (each, an “NFT Unit”), at $0.25 per NFT Unit, for aggregate gross proceeds of up to $250,000.Each FT Unit shall be comprised of one (1) flow-through share in the capital of the Company (each, an “FT Share”) and one-half (1/2) common share purchase warrant (an “FT Warrant”). Each whole FT Warrant shall entitle the holder thereof to acquire one (1) common share in the capital of the Company at a price of $0.40 per share for a period...

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