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5 ways to tell if you’re on track for retirement — and 5 things to do if you need to catch up, according to expertsAir India, which has emerged as the fourth-largest revenue generator for the Tata Group, is looking to turn profitable by prioritising operational efficiency through the strengthening of existing practices and processes, CEO Campbell Wilson told employees on Friday. ET Year-end Special Reads Two sectors that rose on India's business horizon in 2024 2025 outlook: Is it time for cautious optimism or rekindling animal spirits? 2024: Govt moves ahead with simultaneous polls plan; India holds largest democratic exercise In an internal communication reviewed by ET, Wilson said the airline has started refitting its narrowbody aircraft, and the refurbishment of legacy widebody planes is slated to begin in 2025. "We will strengthen and tighten our practices and processes so that we are not just consistent, we are also efficient and, ultimately, profitable," he said. Air India has been making losses since its merger with Indian Airlines in 2007. While the losses have narrowed significantly in recent years, it is yet to turn a net profit. In FY24, AI sharply reduced its consolidated net loss to ₹4,444.10 crore, from ₹11,387.96 crore in FY23. Consolidated revenue during the year rose 24% to ₹51,365 crore in FY24. Detailing the airline's ongoing transformation initiatives, Wilson said, "We commenced the interior refit of our full-service narrowbody fleet. 2025 will see progress on many more key initiatives, such as refitting our widebody and remaining narrowbody aircraft with new seats and services, elevating Air India's service standards, raising the bar on what we consider 'good', and more consistently delivering to those new expectations." AI has earmarked $400 million for refurbishing 67 legacy aircraft with new seats, upgraded in-flight services, and improved cabin products. 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Fear of Kannur-style Tongue Lashing Many Congress leaders from Kerala have started a campaign for a new PCC president, saying a leader from the Christian community should head the party to check the perceived tilt of many Christians to the BJP. But incumbent K Sudhakaran insists he enjoys overwhelming support to continue as PCC president. The change seekers hope AICC will eject Sudhakaran but many are wary of facing the "Kannur-style" tongue-lashing, if the former is pushed out. Leaving Nothing to Chance Shiv Sena ( Eknath Shinde ) MLA Bharat Gogawale ’s desire to become a minister is known to one and all. So, while in the midst of giving a byte to a news channel outside the assembly, the MLA abruptly cut it short and literally ran to greet Maharashtra CM Devendra Fadnavis . While Gogawale is in the Shiv Sena, he is aware that with 132 MLAs with BJP, Fadnavis would hold a veto on which of the Sena MLAs could be made a minister and hence Gogawale leaving nothing to chance. (You can now subscribe to our Economic Times WhatsApp channel )
Our community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info Sports legend Alex Scott has bravely opened up about the horrendous online abuse she's faced, including threats from trolls to throw acid in her face. The 40-year-old former England footballer, who has transitioned into a successful TV career with regular appearances on BBC's The One Show and as a pundit for BBC Sport, has been subjected to racist attacks and real-life threat warnings. Despite her achievements, Alex, who's been romantically linked to pop sensation Jess Glynne since 2023, experienced a surge in hostility when rumours suggested she might become the new host of A Question Of Sport—a role that ultimately went to Paddy McGuinness. Speaking to The Times , Alex shared the chilling impact of the abuse: "I was scared to go out of the house because these trolls were saying they were going to throw acid in my face." She also reflected on the darker side of the spotlight, stating: "There are negatives to fame. I've had plenty of racism, abuse and even death threats." Alex opened up about the negative targeting she's faced in her TV career since hanging up her boots in 2017. She shared: "People were saying, 'She's only on TV because she's black, female and younger. She's just ticking boxes'... Luckily there are other people who keep me smiling. They'll come up to me in my local shop and say, 'Keep going,' and that's what I do." When Paddy McGuinness took the helm of A Question of Sport, he faced a wave of criticism from fans pointing out his lack of sporting credentials, reports the Mirror . This controversy seemed to affect the show's viewership, which plummeted, leading to its cancellation by the BBC in 2023 after a 55-year run, just two years into Paddy's tenure. In May 2021, Alex made history as the first woman to permanently host Football Focus in its 46-year run. Expressing her excitement, Alex stated: "When I was a kid, I would never have watched television and thought someone like me could be presenting a programme like Football Focus. For the BBC to trust me with this role and allow me to be my true, authentic self means a lot. To say I'm the Football Focus presenter feels surreal. I've had some amazing messages and an incredible reaction on social media - I want to thank everyone for their support."Mam accepts nine-game NRL ban, fined additional $90,000 by BroncosSubsplash Acquires Pulpit AI, an Innovative Platform Leveraging AI to Help Streamline Content Creation & Boost Sermon Engagement for Churches
Their expectation levels may have been different, but neither Rutgers nor Seton Hall has had the most promising start to the season. New Jersey's two power-conference programs will try to author a signature win when the Pirates visit the Scarlet Knights for the Garden State Hardwood Classic on Saturday afternoon in Piscataway, N.J. Rutgers (6-4) endured a three-game losing streak before picking up its first Big Ten win of the season Tuesday, 80-76 over Penn State. The Scarlet Knights have enjoyed plenty of attention thanks to five-star freshmen Dylan Harper and Ace Bailey, but they've also put a loss to Kennesaw State on their resume. They'll try to assert their dominance over Seton Hall (5-5), which has lost to Fordham, Hofstra and Monmouth while fielding one of the weakest offenses in Division I. At 60.1 points per game, the Pirates rank sixth-to-last in the country, even as they limit opponents to 59.4 points per outing (the No. 11 scoring defense). Rutgers is 5-0 at home after leading by as many as 15 in the Penn State victory. Harper had 24 points, 12 rebounds and five assists and Bailey produced 15 points and 15 rebounds. "They're like a sixth defender for us," Harper said of the fans. "We've been on the road for 20 days so seeing all of our fans, and seeing how loud they were, it meant the world to us." The student section will be especially fired up to see the rival Pirates, which could make free-throw shooting an issue for them. They rank No. 350 in the country at 60.3 percent from the foul line entering Friday. However, Seton Hall pulled out a road win the last time the game was played at Rutgers. In a defensive rock fight in 2022, the Pirates prevailed 45-43. Rutgers got revenge last season at Seton Hall's place, winning 70-63. But most players on both rosters are new and will experience the rivalry game for the first time. "I don't have a Jersey player on my team, right?" Pirates coach Shaheen Holloway told NJ.com . "So I have to get those guys to understand rivalries." Seton Hall will lean on Chaunce Jenkins (11.8 ppg) -- who was limited in the team's 85-76 loss to Oklahoma State on Sunday due to a knee injury, but is cleared to face Rutgers -- and Isaiah Coleman (11.7 ppg), one of three returning players from last year's team. For Rutgers, Harper is excited about the rivalry having grown up in New Jersey and watched his older brother, Ron Harper Jr., play in the game. At 23.4 ppg, Dylan Harper is the third-leading scorer in the country, and he adds 5.1 rebounds and 4.6 assists per contest. Seton Hall leads the all-time series 42-32. --Field Level Media
The world is rushing head first towards a new “Electro-Digital Age” marked by high-tech commodities and extractive mining operations. Large, resource-intensive lithium ion batteries powering emerging electric vehicle fleets are . Nearly last year was electric, a ratio that’s expected to increase rapidly in the coming years. Carmakers and governments alike are rushing to shore up more lithium, cobalt, and other “critical minerals” needed to build those batteries. But new research suggests these batteries, once thought to have short-lived, inherently expendable shelf-lives, may actually last significantly longer than expected. In some cases, properly cared for EVs may even outlive their fossil fuel counterparts. That’s potentially good news: longer-lasting EVs might buy manufacturers much-need time to fabricate components needed to meet increasing global demands. The new findings, by researchers from the SLAC-Stanford Battery Center, suggest EV batteries may actually last about a third longer than previous forecasts. That means drivers could potentially keep driving their modern EV without replacing the battery for several additional years. The researchers note the shocking disparity in battery life estimates stems from fundamentally unrealistic testing environments that became an industry standard. When the researchers tested batteries for two years in ways they say are more closely aligned with how drivers actually use EVs day-to-day, the battery life expectancy improved significantly. “We’ve not been testing EV batteries the right way,” Stanford associate professor and paper senior author Simona Onori . “To our surprise, real driving with frequent acceleration, braking that charges the batteries a bit, stopping to pop into a store, and letting the batteries rest for hours at a time, helps batteries last longer than we had thought based on industry standard lab tests.” SLAC-Stanford Battery Center that its ultimate goal is to “accelerate the deployment of battery and energy storage technologies at scale,” in an effort to address climate change. The research paper was primarily funded by the National Science Foundation Graduate Research Fellowship Program and the Stanford Chevron Fellowship in Energy. Researchers tested 92 commercial lithium ion EV batteries over two years across four different types of driving profiles. The industry standard approach uses a “constant rate of [battery] discharge” followed immediately by a recharge. In the real world, this would look like someone driving their vehicle until the battery is almost fully diminished and then plugging it in to charge completely. This process of constant battery expenditure and recharging resembles how most people use a smartphone. But that’s not how many drivers actually use their vehicles. EV owners, the researchers note, who drive their vehicle in short bursts to and from work or around town, may go several days or even a week without recharging. The researchers attempted to represent that more realistic, periodic driving method in one of the driving profiles. In the end, the more realistic profile resulted in an increased battery lifetime by up to 38%. “This work illustrates the importance of testing batteries under realistic conditions of use and challenges the broadly adopted convention of constant current discharge in the laboratory,” the researchers wrote in the paper. The findings similarly seem to contradict commonly held assumptions about what types of driving quickly degrades batteries. Though many drivers believe rapidly accelerating and braking degrades EV batteries faster than steady driving, the researchers found a correlation in their data suggesting sharp, short accelerations may actually lead to slower battery degradation. Pressing down hard on pedals with a lead foot didn’t seem to speed up battery aging. It may have actually had the opposite effect. “For consumers using their EVs to get to work, pick up their kids, go to the grocery store, but mostly not using them or even charging them, time becomes the predominant cause of aging over cycling,” Stanford school of engineering PhD student and paper coauthor Alexis Geslin said in a statement. The findings build on a growing body of optimistic research newer EVs may last longer than than previous iterations. A recent analysis of 5,000 EV batteries by telematics company Geotab, found an average battery degradation of around 1.8% per year. That’s compared to 2.3% average battery degradation for older EVs studied in 2019. Those findings suggest battery management systems are improving. Some estimates suggest an EV vehicle , which is a longer life expectancy than some cars with internal combustion engines. Whether or not car owners actually use the same car for that long remains to be seen. The average in particular are older than in previous years though the . It’s possible that will change as EV costs trickle down and more drivers make the switch away from more traditional internal combustion engines. Longer lasting EVs could potentially ease the burden on global supply chains which are currently racing to open new mineral mineral and battery facilities.WASHINGTON (AP) — President-elect Donald Trump has promised to end birthright citizenship as soon as he gets into office to make good on campaign promises aiming to restrict immigration and redefining what it means to be American. But any efforts to halt the policy would face steep legal hurdles. Birthright citizenship means anyone born in the United States automatically becomes an American citizen. It's been in place for decades and applies to children born to someone in the country illegally or in the U.S. on a tourist or student visa who plans to return to their home country. It's not the practice of every country, and Trump and his supporters have argued that the system is being abused and that there should be tougher standards for becoming an American citizen. But others say this is a right enshrined in the 14th Amendment to the Constitution, it would be extremely difficult to overturn and even if it's possible, it's a bad idea. Here's a look at birthright citizenship, what Trump has said about it and the prospects for ending it: What Trump has said about birthright citizenship During an interview Sunday on NBC’s “Meet the Press” Trump said he “absolutely” planned to halt birthright citizenship once in office. “We’re going to end that because it’s ridiculous,” he said. Trump and other opponents of birthright citizenship have argued that it creates an incentive for people to come to the U.S. illegally or take part in “birth tourism,” in which pregnant women enter the U.S. specifically to give birth so their children can have citizenship before returning to their home countries. “Simply crossing the border and having a child should not entitle anyone to citizenship,” said Eric Ruark, director of research for NumbersUSA, which argues for reducing immigration. The organization supports changes that would require at least one parent to be a permanent legal resident or a U.S. citizen for their children to automatically get citizenship. Others have argued that ending birthright citizenship would profoundly damage the country. “One of our big benefits is that people born here are citizens, are not an illegal underclass. There’s better assimilation and integration of immigrants and their children because of birthright citizenship,” said Alex Nowrasteh, vice president for economic and social policy studies at the pro-immigration Cato Institute. In 2019, the Migration Policy Institute estimated that 5.5 million children under age 18 lived with at least one parent in the country illegally in 2019, representing 7% of the U.S. child population. The vast majority of those children were U.S. citizens. The nonpartisan think tank said during Trump’s campaign for president in 2015 that the number of people in the country illegally would “balloon” if birthright citizenship were repealed, creating “a self-perpetuating class that would be excluded from social membership for generations.” What does the law say? In the aftermath of the Civil War, Congress ratified the 14th Amendment in July 1868. That amendment assured citizenship for all, including Black people. “All persons born or naturalized in the United States and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside,” the 14th Amendment says. “No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States.” But the 14th Amendment didn't always translate to everyone being afforded birthright citizenship. For example, it wasn't until 1924 that Congress finally granted citizenship to all Native Americans born in the U.S. A key case in the history of birthright citizenship came in 1898, when the U.S. Supreme Court ruled that Wong Kim Ark, born in San Francisco to Chinese immigrants, was a U.S. citizen because he was born in the states. The federal government had tried to deny him reentry into the county after a trip abroad on grounds he wasn’t a citizen under the Chinese Exclusion Act. But some have argued that the 1898 case clearly applied to children born of parents who are both legal immigrants to America but that it's less clear whether it applies to children born to parents without legal status or, for example, who come for a short-term like a tourist visa. “That is the leading case on this. In fact, it’s the only case on this,” said Andrew Arthur, a fellow at the Center for Immigration Studies, which supports immigration restrictions. “It’s a lot more of an open legal question than most people think.” Some proponents of immigration restrictions have argued the words “subject to the jurisdiction thereof” in the 14th Amendment allows the U.S. to deny citizenship to babies born to those in the country illegally. Trump himself used that language in his 2023 announcement that he would aim to end birthright citizenship if reelected. So what could Trump do and would it be successful? Trump wasn't clear in his Sunday interview how he aims to end birthright citizenship. Asked how he could get around the 14th Amendment with an executive action, Trump said: “Well, we’re going to have to get it changed. We’ll maybe have to go back to the people. But we have to end it.” Pressed further on whether he'd use an executive order, Trump said “if we can, through executive action." He gave a lot more details in a 2023 post on his campaign website . In it, he said he would issue an executive order the first day of his presidency, making it clear that federal agencies “require that at least one parent be a U.S. citizen or lawful permanent resident for their future children to become automatic U.S. citizens.” Trump wrote that the executive order would make clear that children of people in the U.S. illegally “should not be issued passports, Social Security numbers, or be eligible for certain taxpayer funded welfare benefits.” This would almost certainly end up in litigation. Nowrasteh from the Cato Institute said the law is clear that birthright citizenship can’t be ended by executive order but that Trump may be inclined to take a shot anyway through the courts. “I don’t take his statements very seriously. He has been saying things like this for almost a decade," Nowrasteh said. "He didn’t do anything to further this agenda when he was president before. The law and judges are near uniformly opposed to his legal theory that the children of illegal immigrants born in the United States are not citizens." Trump could steer Congress to pass a law to end birthright citizenship but would still face a legal challenge that it violates the Constitution. Associated Press reporter Elliot Spagat in San Diego contributed to this report.Elon Musk has reignited his feud with the Securities and Exchange Commission (SEC) in full view of the public as regulators take another look into his brain-chip venture Neuralink. Why generative AI is in its 'Angry Birds' phase, according to DataStax CEO Chet Kapoor CC Share Subtitles Off English Why generative AI is in its 'Angry Birds' phase, according to DataStax CEO Chet Kapoor The billionaire, on Thursday night, posted a letter sent by his lawyer, Quinn Emmanuel's Alex Spiro, to outgoing SEC Chair Gary Gensler accusing the agency of attempting to intimidate Musk. Advertisement According to the letter, the SEC has reopened an investigation into Neuralink, Musk's startup that wants to implant brain chips into humans for a variety of functions—including restoring Neuralink's only publicly disclosed patient, 29-year-old quadriplegic Noland Arbaugh, who has been able to use a Neuralink implant to play hands-free chess and video games like Mario Kart. A second patient was revealed in August but without many details. Advertisement The details of the investigation were not revealed in the letter, although some lawmakers have asked the agency to probe whether Musk committed securities fraud by allegedly misleading investors about the safety of Neuralink's... William Gavin
Trump promises to end birthright citizenship: What is it and could he do it?Kwara State Governor AbdulRahman AbdulRazaq has reiterated his administration’s commitment to the implementation of a Food System Transformation Pathways (FSTP), which promotes access to safe and nutritious food for all Nigerian citizens. The Governor spoke in Ilorin during a two-day bi-annual zonal review meeting on the implementation of FSTP, organised by the Federal Ministry of Budget and Economic Planning. Food System Transformation Pathways was introduced by the United Nations following the outbreak of the COVID-19 pandemic and the attendant food crisis. It is to address food security issues in countries all over the world. It is anchored on three core pillars: home garden, school garden, and farm estate practices. The zonal meeting, which took place between Thursday 21st and Friday 22nd November, drew participants from Northern and Southern states: Ogun, Lagos, Ekiti, Ondo, Nassarawa, Plateau, Niger, Kogi, Oyo, Osun, FCT and Kwara which is the host. Benue state was not represented. AbdulRazaq, who was represented by the Commissioner for Education and Human Capital Development Hajia Sa’adatu Modibbo Kawu, said Kwara is leaving no stone unturned to achieve the objectives of the programme. “Over three hundred public Primary, Junior Secondary and Senior Secondary Schools have school farms which also include Animal husbandry like Poultry, Fishery and Goat and Sheep rearing,” he said. He said there is a synergy between the State Committee for Food and Nutrition (SCFN) and the Committee for the Food Systems Transformation Pathways (FSTP) to strengthen nutrition activities and ensure that nutritious food is available to eradicate malnutrition in the state. He commended the federal government for the choice of Kwara State as the host, calling the convention a significant milestone in the journey to transform Nigeria. Commissioners for Finance Dr Hauwa Nuru, for her part, said Kwara state under Governor AbdulRazaq is already championing the food security programme through numerous support for crop farmers in the state. “The meeting is about food security. Our state is already doing a lot with Governor AbdulRahman AbdulRazaq championing this. Our cluster farmers are regularly supported with land allocation and farm inputs, the same way the government is encouraging backyard farming. So a lot will be achieved in terms of increasing our food production,” Dr Nuru said. Commissioner for Agriculture and Rural Development Olohuntoyosi Thomas said Kwara is doing great in terms of farm estate, home garden and school farming, adding that over three hundred schools are already being supported by the state government on crop production and animal husbandry. “So far in Kwara State, we have over one hundred clusters which are the same as farm estates. That ranges between 20 to 5 hectares. As a result of that, we have been able to improve our productivity. We have done four interventions out of which 70 per cent went to clusters,” she said. National Convener for FSTP and Director of Social Development, Federal Military of Budget and Economic Planning, Dr Sanjo Faniran, said climate change, erosion, unwillingness of youth to farm, and drought are some of the challenges facing the agriculture sector in the country that can be addressed through FSTP. “All the states of federation are included and brought together. Each state is expected to implement those tractions and value chains that will change the narrative in the food system so that food security can be guaranteed”, he said. “Nigerians should be involved in planting instead of crying that there is no food. When you are involved in planting at the back of your house, if you don’t have land, you can use plastic to plant vegetables. You can use a sack to plant yam.”Should You Buy or Rent Your Router? I Wasted Almost $1K on Equipment FeesCINCINNATI (AP) — The Cincinnati Bengals have found all manner of ways to lose close games this season. Sunday's 44-38 loss to AFC North rival Pittsburgh can be blamed on a defense that missed tackles and allowed 520 yards of offense, and three turnovers by Joe Burrow. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get any of our free email newsletters — news headlines, obituaries, sports, and more.
Percentages: FG .569, FT .607. 3-Point Goals: 9-18, .500 (Thomas 2-2, Watkins 2-3, Deng 2-4, Holt 1-1, Swinton 1-1, Davis 1-2, Bol Bowen 0-1, Crawford 0-1, Rozakeas 0-1, Jackson 0-2). Team Rebounds: 6. Team Turnovers: None. Blocked Shots: 4 (Bol Bowen, Deng, Ewin, Holt). Turnovers: 11 (Jones 2, Bol Bowen, Davis, Deng, Ewin, Maluk, Mbatch, Swinton, Thomas, Watkins). Steals: 7 (Bol Bowen 2, Crawford, Davis, Jackson, Maluk, Swinton). Technical Fouls: Bol Bowen, 14:54 second. Percentages: FG .310, FT .690. 3-Point Goals: 3-24, .125 (Curry 1-2, Rivera 1-4, Guerengomba 1-6, Ndjigue 0-1, Watson 0-1, Worthy 0-2, Diggins 0-8). Team Rebounds: 8. Team Turnovers: 1. Blocked Shots: 1 (Rivera). Turnovers: 16 (Rivera 3, Worthy 3, Curry 2, Hankins-Sanford 2, Abdelgowad, Diggins, Guerengomba, Muhammad, Ndjigue, Watson). Steals: 7 (Ndjigue 3, Rivera 2, Abdelgowad, Diggins). Technical Fouls: None. .People have being paying tribute to a father was found dead in his home on Christmas Day. Police in Staffordshire were called to the home of Louis Price on Elm Road, Norton Canes, at around 3.25am on December 25. Mr Price, who was in his 30s and lived at the property with his parents, was found injured. He died at the scene despite efforts from paramedics. A 33-year-old woman from Cannock has been arrested on suspicion of murder and she is in custody, the Mirror reports . A resident living nearby, who did not want to be identified, said her heart "goes out" to the man's parents, who were told of his death while they were away on holiday. She told the Daily Mail: "His poor parents were away on holiday when it happened. They usually go away to the Maldives for Christmas and that may have been where they were." "They will be absolutely devastated and my heart goes out to them." The woman added: "It has shocked and saddened the whole little community here. It is beyond belief." Tributes were shared online after news of his death emerged. One social media post said the dad was "a beautiful guy", with another adding: I am in utter shock this has happened! You didn't deserve this. Always there when I needed you! Thank you for always having my back and making me laugh!" And a third wrote: "RIP to Louis Price another good lad gone too early."" Another user posting on Facebook paid tribute saying they were "shocked" by the news: "Rest in peace Louis Price. Proper shocked me this one." A post-mortem examination was scheduled to take place as police appealed for anyone with any information about the incident to contact them on the police non-emergency number 101. Anyone who wants to provide information anonymously can contact police via Crimestoppers on 0800 555 111.
By DAVID McHUGH The Associated Press FRANKFURT, Germany (AP) — Germany’s technology and services company Bosch said Friday it planned to reduce its automotive division workforce by as many as 5,500 jobs in the next several years in another sign of the headwinds hitting the German and global auto industries. The company cited stagnating global auto sales, too much factory capacity in the auto industry compared with sales prospects and a slower than expected transition to electric-powered, software-controlled vehicles. The news comes two days after Ford Motor Co. announced plans to drop 4,000 jobs in Europe , and with Volkswagen employees threatening work stoppages over what they say management has told them are plans to close as many as three factories in Germany. Revenue at Stellantis , created through the 2021 merger of PSA Peugeot and Fiat Chrysler Automobiles, tumbled 27% in its most recent quarter that ended this fall. Auto sales have slowed this year in Europe as consumers stung by inflation hold back on spending, while automakers have sunk billions into developing electric cars only to see slower sales than expected and new competition from cheaper Chinese brands. The German government abruptly cancelled purchase incentives at the end of last year, sending electric vehicles sales in that country down by 27% over the first nine months of this year. Some 3,500 of the job reductions at Bosch would come before the end of 2027 and would hit the part of the company that develops advanced driver assistance and automated driving technologies, as well as centralized vehicle software, said Bosch, which is headquartered in Gerlingen near Stuttgart. About half those job reductions would be at locations in Germany. “The auto industry has significant overcapacities,” the company said in a statement. “In addition, the market for future technologies is not developing as originally expected ... At the moment, many projects in this business area are being put off or abandoned by automakers.” Related Articles In addition, 750 jobs would be lost at a plant in Hildesheim, Germany by end 2032, 600 of those by the end of 2026. A plant in Schwaebisch Gmund would lose some 1,300 over between 2027 and 2030. The reductions are still in the planning stage and final numbers would have to be agreed with employee representatives and carried out in what the company said would be a socially responsible way. While automakers put their names on the cars they sell, most of the car is actually made by a series of suppliers Some 230,000 people work for Bosch’s mobility division, out of a global workforce of 429,000. In addition to its business as an auto industry technology supplier Bosch makes factory and building equipment and software across a range of products including industrial boilers and waste-heat recovery systems, video security systems, and power tools.
Was Donald Trump's 'Big Win' Just A Big Lie? The Answer Will Shock YouORLANDO, Fla.--(BUSINESS WIRE)--Dec 9, 2024-- Falcon’s Beyond Global, Inc. (Nasdaq: FBYD) (“Falcon’s Beyond,” “Falcon’s,” or the “Company”), a leading innovator in immersive storytelling through its divisions Falcon’s Creative Group (“FCG”), Falcon’s Beyond Destinations (“FBD”), and Falcon’s Beyond Brands (“FBB”), today reminded its shareholders of the upcoming stock dividend previously announced on October 1, 2024. Under the terms of the dividend, eligible shareholders will receive a stock dividend of 0.2 shares of the Company’s Class A common stock per share of Class A common stock outstanding, payable on December 17, 2024, to holders of Class A common stock as of the record date of December 10, 2024. In lieu of fractional shares, cash will be distributed to each stockholder who would otherwise have been entitled to receive a fractional share, with the amount of cash to be determined based on the average closing price, rounded to the nearest penny, of the Company’s Class A common stock on Nasdaq for the five consecutive business days prior to the payment date of the stock dividend. Additionally, as a result of the stock dividend, holders of the Company’s Class B common stock will receive a stock dividend of 0.2 shares of Class B common stock per share of Class B common stock outstanding, and the Falcon’s Beyond Global, LLC common units that are issued and outstanding will be adjusted to reflect the same economic equivalent of the stock dividend. Outstanding warrants, restricted stock units and other equity awards will be similarly adjusted in accordance with their terms. A total of approximately 2.0 million shares of Class A common stock and approximately 11.5 million shares of Class B common stock are expected to be issued in connection with the stock dividend. Stockholders will not be required to take any action to receive the stock dividend. After the payment date, stockholders’ book entry accounts will be credited with the additional shares that represent the stock dividend. When shares are held in a brokerage account in the name of a broker, the additional shares will be distributed to the broker on the stockholder’s behalf. The stock dividend is administered by Continental Stock Transfer & Trust Company, the Company’s transfer agent. is a visionary innovator in immersive storytelling, sitting at the intersection of three potential high growth business opportunities: content, technology, and experiences. Falcon’s Beyond propels intellectual property (IP) activations concurrently across physical and digital experiences through three core business units: Falcon’s Beyond also invents immersive rides, attractions, and technologies for entertainment destinations around the world. FALCON’S BEYOND and its related trademarks are owned by Falcon’s Beyond. Falcon’s is headquartered in Orlando, Fla. Learn more at . Falcon’s Beyond may use its website as a distribution channel of material Company information. Financial and other important information regarding the Company is routinely accessed through and posted on our website at . In addition, you may automatically receive email alerts and other information about Falcon’s when you enroll your email address by visiting the Email Alerts section at . This press release contains statements that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, words such as “will”, “would” and similar expressions identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those expressed in or implied by the forward-looking statements, including (1) our ability to sustain our growth, effectively manage our anticipated future growth, and implement our business strategies to achieve the results we anticipate, (2) impairments of our intangible assets and equity method investment in our joint ventures, (3) our ability to raise additional capital, (4) the closure of Katmandu Park DR and the repositioning and rebranding of our FBD business, (5) the success of our growth plans in FCG, (6) our customer concentration in FCG, (7) the risk that contractual restrictions relating to the Strategic Investment may affect our ability to access the public markets and expand our business, (8) the risks of doing business internationally, including in the Kingdom of Saudi Arabia, (9) our indebtedness, (10) our dependence on strategic relationships with local partners in order to offer and market our products and services in certain jurisdictions, (11) our reliance on our senior management and key employees, and our ability to hire, train, retain, and motivate qualified personnel, (12) cybersecurity-related risks, (13) our ability to protect our intellectual property, (14) our ability to remediate identified material weaknesses in our internal controls over financial reporting, (15) the concentration of share ownership and the significant influence of the Demerau Family and Cecil D. Magpuri, (16) the outcome of pending, threatened and future legal proceedings, (17) our continued compliance with Nasdaq continued listing standards, (18) risks related to our Up-C entity structure and the fact that we may be required to make substantial payments to certain unitholders under our Tax Receivable Agreement, and (19) the risks disclosed under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K, as filed with the Securities and Exchange Commission on April 29, 2024, and the Company’s other filings with the Securities and Exchange Commission. The forward-looking statements herein speak only as of the date of this press release, and the Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. View source version on : CONTACT: Media Relations: Kathleen Prihoda, Falcon’s Beyond Relations: KEYWORD: FLORIDA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: OTHER TRAVEL GENERAL ENTERTAINMENT ENTERTAINMENT TRAVEL SOURCE: Falcon’s Beyond Global, Inc. Copyright Business Wire 2024. PUB: 12/09/2024 03:49 PM/DISC: 12/09/2024 03:47 PMRockland Trust acquires Enterprise BankNEW YORK (AP) — Technology stocks pulled Wall Street to another record amid a mixed Monday of trading. The S&P 500 rose 0.2% from its all-time high set on Friday to post a record for the 54th time this year. The Dow Jones Industrial Average fell 128 points, or 0.3%, while the Nasdaq composite gained 1%. Super Micro Computer, a stock that’s been on an AI-driven roller coaster, soared 28.7% to lead the market. Following allegations of misconduct and the resignation of its public auditor , the maker of servers used in artificial-intelligence technology said an investigation found no evidence of misconduct by its management or by the company’s board. It also said that it doesn’t expect to restate its past financials and that it will find a new chief financial officer, appoint a general counsel and make other moves to strengthen its governance. Big Tech stocks also helped prop up the market. Gains of 1.8% for Microsoft and 3.2% for Meta Platforms were the two strongest forces pushing upward on the S&P 500. Intel was another propellant during the morning, but it lost an early gain to fall 0.5% after the chip company said CEO Pat Gelsinger has retired and stepped down from the board. Intel is looking for Gelsinger’s replacement, and its chair said it’s “committed to restoring investor confidence.” Intel recently lost its spot in the Dow Jones Industrial Average to Nvidia, which has skyrocketed in Wall Street’s frenzy around AI. Stellantis, meanwhile, skidded following the announcement of its CEO’s departure . Carlos Tavares steps down after nearly four years in the top spot of the automaker, which owns car brands like Jeep, Citroën and Ram, amid an ongoing struggle with slumping sales and an inventory backlog at dealerships. The world’s fourth-largest automaker’s stock fell 6.3% in Milan. The majority of stocks in the S&P 500 likewise fell, including California utility PG&E. It dropped 5% after saying it would sell $2.4 billion of stock and preferred shares to raise cash. Retailers were mixed amid what’s expected to be the best Cyber Monday on record and coming off Black Friday . Target, which recently gave a forecast for the holiday season that left investors discouraged , fell 1.2%. Walmart , which gave a more optimistic forecast, rose 0.2%. Amazon, which looks to benefit from online sales from Cyber Monday, climbed 1.4%. All told, the S&P 500 added 14.77 points to 6,047.15. The Dow fell 128.65 to 44,782.00, and the Nasdaq composite climbed 185.78 to 19,403.95. The stock market largely took Donald Trump’s latest threat on tariffs in stride. The president-elect on Saturday threatened 100% tariffs against a group of developing economies if they act to undermine the U.S. dollar. Trump said he wants the group, headlined by Brazil, Russia, India and China, to promise it won’t create a new currency or otherwise try to undercut the U.S. dollar. The dollar has long been the currency of choice for global trade. Speculation has also been around a long time that other currencies could knock it off its mantle, but no contender has come close. The U.S. dollar’s value rose Monday against several other currencies, but one of its strongest moves likely had less to do with the tariff threats. The euro fell amid a political battle in Paris over the French government’s budget . The euro sank 0.7% against the U.S. dollar and broke below $1.05. In the bond market, Treasury yields gave up early gains to hold relatively steady. The yield on the 10-year Treasury climbed above 4.23% during the morning before falling back to 4.19%. That was just above its level of 4.18% late Friday. A report in the morning showed the U.S. manufacturing sector contracted again last month, but not by as much as economists expected. This upcoming week will bring several big updates on the job market, including the October job openings report, weekly unemployment benefits data and the all-important November jobs report. They could steer the next moves for Federal Reserve, which recently began pulling interest rates lower to give support to the economy. Economists expect Friday’s headliner report to show U.S. employers accelerated their hiring in November, coming off October’s lackluster growth that was hampered by damaging hurricanes and strikes. “We now find ourselves in the middle of this Goldilocks zone, where economic health supports earnings growth while remaining weak enough to justify potential Fed rate cuts,” according to Mark Hackett, chief of investment research at Nationwide. In financial markets abroad, Chinese stocks led gains worldwide as monthly surveys showed improving conditions for manufacturing, partly driven by a surge in orders ahead of Trump’s inauguration next month. Both official and private sector surveys of factory managers showed strong new orders and export orders, possibly partly linked to efforts by importers in the U.S. to beat potential tariff hikes by Trump once he takes office. Indexes rose 0.7% in Hong Kong and 1.1% in Shanghai. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.
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