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NoneORRVILLE, Ohio , Dec. 2, 2024 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) ("Company") announced today the closing of the transaction to divest the Voortman ® business to Second Nature Brands. The Company previously announced the signing of a definitive agreement for the transaction on October 22, 2024 . The all-cash transaction is valued at approximately $305 million , subject to a working capital adjustment, and reflects the Company's continued commitment to optimizing its portfolio and reallocating resources to its core growth brands. The transaction includes all Voortman ® trademarks and the Company's leased manufacturing facility in Burlington, Ontario, Canada . In addition, approximately 300 employees will transition with the business. The Company updated its full-year fiscal 2025 net sales guidance to reflect the impact of the divested business. Net sales is anticipated to increase 7.5 to 8.5 percent compared to the prior year. The updated net sales guidance reflects the removal of approximately $65 million of divested net sales in fiscal 2025, with the estimated net sales impact evenly distributed throughout the remainder of the fiscal year. On a comparable basis, net sales is expected to increase 1.0 to 2.0 percent, which excludes noncomparable sales in the current year from the acquisition of Hostess Brands and noncomparable sales in the prior year related to the divestitures of the Voortman ® , Canada condiment, and Sahale Snacks ® businesses. The Company maintains its fiscal 2025 adjusted earnings per share, free cash flow, capital expenditures, and adjusted effective income tax rate outlook as communicated in its most recent quarterly earnings announcement on November 26, 2024 . The J.M. Smucker Co. Forward Looking Statements This press release ("Release") includes certain forward-looking statements within the meaning of federal securities laws. The forward-looking statements may include statements concerning our current expectations, estimates, assumptions and beliefs concerning future events, conditions, plans and strategies that are not historical fact. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expect," "anticipate," "believe," "intend," "will," "plan," "strive" and similar phrases. Federal securities laws provide a safe harbor for forward-looking statements to encourage companies to provide prospective information. We are providing this cautionary statement in connection with the safe harbor provisions. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date made, when evaluating the information presented in this Release, as such statements are by nature subject to risks, uncertainties and other factors, many of which are outside of our control and could cause actual results to differ materially from such statements and from our historical results and experience. We do not undertake any obligation to update or revise these forward-looking statements to reflect new events or circumstances. The risks, uncertainties, important factors, and assumptions listed and discussed in this press release, which could cause actual results to differ materially from those expressed, include: the Company's ability to successfully integrate Hostess Brands' operations and employees and to implement plans and achieve financial forecasts with respect to the Hostess Brands' business; disruptions or inefficiencies in the Company's operations or supply chain, including any impact caused by product recalls, political instability, terrorism, geopolitical conflicts (including the ongoing conflicts between Russia and Ukraine and Israel and Hamas), extreme weather conditions, natural disasters, pandemics, work stoppages or labor shortages (including potential strikes along the U.S. East and Gulf coast ports and potential impacts related to the duration of a recent strike at the Company's Buffalo, New York manufacturing facility), or other calamities; risks related to the availability of, and cost inflation in, supply chain inputs, including labor, raw materials, commodities, packaging, and transportation; the impact of food security concerns involving either the Company's products or its competitors' products, including changes in consumer preference, consumer litigation, actions by the U.S. Food and Drug Administration or other agencies, and product recalls; a disruption, failure, or security breach of the Company or its suppliers' information technology systems, including, but not limited to, ransomware attacks; and risks related to other factors described under "Risk Factors" in other reports and statements filed with the Securities and Exchange Commission, including the Company's most recent Annual Report on Form 10-K. About The J.M. Smucker Co. At The J.M. Smucker Co., it is our privilege to make food people and pets love by offering a diverse family of brands available across North America . We are proud to lead in the coffee, peanut butter, fruit spreads, frozen handheld, sweet baked goods, dog snacks, and cat food categories by offering brands consumers trust for themselves and their families each day, including Folgers ® , Dunkin ' ® , Café Bustelo ® , Jif ® , Uncrustables ® , Smucker's ® , Hostess ® , Milk-Bone ® , and Meow Mix ® . Through our unwavering commitment to producing quality products, operating responsibly and ethically, and delivering on our Purpose, we will continue to grow our business while making a positive impact on society. For more information, please visit jmsmucker.com . The J.M. Smucker Co. is the owner of all trademarks referenced herein, except for Dunkin ' ® , which is a trademark of DD IP Holder LLC. The Dunkin ' ® brand is licensed to The J.M. Smucker Co. for packaged coffee products sold in retail channels such as grocery stores, mass merchandisers, club stores, e-commerce and drug stores, and in certain away from home channels. This information does not pertain to products for sale in Dunkin ' ® restaurants. View original content to download multimedia: https://www.prnewswire.com/news-releases/the-jm-smucker-co-completes-the-divestiture-of-voortman-brand-to-second-nature-brands-and-updates-fiscal-year-2025-net-sales-outlook-302319978.html SOURCE The J.M. Smucker Co.Trump nomination pace, lack of vetting gives Senate GOP headaches
WASHINGTON (AP) — Special counsel Jack Smith moved to abandon two criminal cases against Donald Trump on Monday, acknowledging that Trump’s return to the White House will preclude attempts to federally prosecute him for retaining classified documents or trying to overturn his 2020 election defeat. The decision was inevitable, since longstanding Justice Department policy says sitting presidents cannot face criminal prosecution. Yet it was still a momentous finale to an unprecedented chapter in political and law enforcement history, as federal officials attempted to hold accountable a former president while he was simultaneously running for another term. Trump emerges indisputably victorious, having successfully delayed the investigations through legal maneuvers and then winning reelection despite indictments that described his actions as a threat to the country’s constitutional foundations. “I persevered, against all odds, and WON,” Trump exulted in a post on Truth Social, his social media website. He also said that “these cases, like all of the other cases I have been forced to go through, are empty and lawless, and should never have been brought.” The judge in the election case granted prosecutors’ dismissal request. A decision in the documents case was still pending on Monday evening. The outcome makes it clear that, when it comes to a president and criminal accusations, nothing supersedes the voters’ own verdict. In court filings, Smith’s team emphasized that the move to end their prosecutions was not a reflection of the merit of the cases but a recognition of the legal shield that surrounds any commander in chief. “That prohibition is categorical and does not turn on the gravity of the crimes charged, the strength of the Government’s proof, or the merits of the prosecution, which the Government stands fully behind,” prosecutors said in one of their filings. They wrote that Trump’s return to the White House “sets at odds two fundamental and compelling national interests: on the one hand, the Constitution’s requirement that the President must not be unduly encumbered in fulfilling his weighty responsibilities . . . and on the other hand, the Nation’s commitment to the rule of law.” In this situation, “the Constitution requires that this case be dismissed before the defendant is inaugurated,” they concluded. Smith’s team said it was leaving intact charges against two co-defendants in the classified documents case — Trump valet Walt Nauta and Mar-a-Lago property manager Carlos De Oliveira — because “no principle of temporary immunity applies to them.” Steven Cheung, Trump’s incoming White House communications director, said Americans “want an immediate end to the political weaponization of our justice system and we look forward to uniting our country.” Trump has long described the investigations as politically motivated, and he has vowed to fire Smith as soon as he takes office in January. Now he will start his second term free from criminal scrutiny by the government that he will lead. The election case brought last year was once seen as one of the most serious legal threats facing Trump as he tried to reclaim the White House. He was indicted for plotting to overturn his defeat to Joe Biden in 2020, an effort that climaxed with his supporters’ violent attack on the U.S. Capitol on Jan. 6, 2021. But the case quickly stalled amid legal fighting over Trump’s sweeping claims of immunity from prosecution for acts he took while in the White House. The U.S. Supreme Court in July ruled for the first time that former presidents have broad immunity from prosecution, and sent the case back to U.S. District Judge Tanya Chutkan to determine which allegations in the indictment, if any, could proceed to trial. The case was just beginning to pick up steam again in the trial court in the weeks leading up to this year’s election. Smith’s team in October filed a lengthy brief laying out new evidence it planned to use against him at trial, accusing him of “resorting to crimes” in an increasingly desperate effort to overturn the will of voters after he lost to Biden. In dismissing the case, Chutkan acknowledged prosecutors’ request to do so “without prejudice,” raising the possibility that they could try to bring charges against Trump when his term is over. She wrote that is “consistent with the Government’s understanding that the immunity afforded to a sitting President is temporary, expiring when they leave office.” But such a move may be barred by the statute of limitations, and Trump may also try to pardon himself while in office. The separate case involving classified documents had been widely seen as legally clear cut, especially because the conduct in question occurred after Trump left the White House and lost the powers of the presidency. The indictment included dozens of felony counts accusing him of illegally hoarding classified records from his presidency at his Mar-a-Lago estate in Palm Beach, Florida, and obstructing federal efforts to get them back. He has pleaded not guilty and denied wrongdoing. The case quickly became snarled by delays, with U.S. District Judge Aileen Cannon slow to issue rulings — which favored Trump’s strategy of pushing off deadlines in all his criminal cases — while also entertaining defense motions and arguments that experts said other judges would have dispensed with without hearings. In May, she indefinitely canceled the trial date amid a series of unresolved legal issues before dismissing the case outright two months later. Smith’s team appealed the decision, but now has given up that effort. Trump faced two other state prosecutions while running for president. One of them, a New York case involving hush money payments, resulted in a conviction on felony charges of falsifying business records. It was the first time a former president had been found guilty of a crime. The sentencing in that case is on hold as Trump’s lawyers try to have the conviction dismissed before he takes office, arguing that letting the verdict stand will interfere with his presidential transition and duties. Manhattan District Attorney Alvin Bragg’s office is fighting the dismissal but has indicated that it would be open to delaying sentencing until Trump leaves office. Bragg, a Democrat, has said the solution needs to balance the obligations of the presidency with “the sanctity of the jury verdict.” Trump was also indicted in Georgia along with 18 others accused of participating in a sprawling scheme to illegally overturn the 2020 presidential election there. Any trial appears unlikely there while Trump holds office. The prosecution already was on hold after an appeals court agreed to review whether to remove Fulton County District Attorney Fani Willis over her romantic relationship with the special prosecutor she had hired to lead the case. Four defendants have pleaded guilty after reaching deals with prosecutors. Trump and the others have pleaded not guilty.
ENGLEWOOD, Colo. — John Elway says any remorse over bypassing Josh Allen in the 2018 NFL draft is quickly dissipating with rookie Bo Nix's rapid rise, suggesting the Denver Broncos have finally found their next franchise quarterback. Elway said Nix, the sixth passer selected in April's draft, is an ideal fit in Denver with coach Sean Payton navigating his transition to the pros and Vance Joseph's defense serving as a pressure release valve for the former Oregon QB. "We've seen the progression of Bo in continuing to get better and better each week and Sean giving him more each week and trusting him more and more to where last week we saw his best game of the year," Elway said in a nod to Nix's first game with 300 yards and four touchdown throws in a rout of Atlanta. For that performance, Nix earned his second straight NFL Rookie of the Week honor along with the AFC Offensive Player of the Week award. "I think the sky's the limit," Elway said, "and that's just going to continue to get better and better." In a wide-ranging interview with The Associated Press, Elway also touted former coach Mike Shanahan's Hall of Fame credentials, spoke about the future of University of Colorado star and Heisman favorite Travis Hunter and discussed his ongoing bout with a chronic hand condition. Elway spent the last half of his decade as the Broncos' GM in a futile search for a worthy successor to Peyton Manning, a pursuit that continued as he transitioned into a two-year consultant role that ended after the 2022 season. "You have all these young quarterbacks and you look at the ones that make it and the ones that don't and it's so important to have the right system and a coach that really knows how to tutelage quarterbacks, and Sean's really good at that," Elway said. "I think the combination of Bo's maturity, having started 61 games in college, his athletic ability and his knowledge of the game has been such a tremendous help for him,'" Elway added. "But also Vance Joseph's done a heck of a job on the defensive side to where all that pressure's not being put on Bo and the offense to score all the time." Payton and his staff have methodically expanded Nix's repertoire and incorporated his speed into their blueprints. Elway lauded them for "what they're doing offensively and how they're breaking Bo into the NFL because it's a huge jump and I think patience is something that goes a long way in the NFL when it comes down to quarterbacks." Elway said he hopes to sit down with Nix at some point when things slow down for the rookie. Nix, whose six wins are one more than Elway had as a rookie, said he looks forward to meeting the man who won two Super Bowls during his Hall of Fame playing career and another from the front office. "He's a legend not only here for this organization, but for the entire NFL," Nix said, adding, "most guys, they would love to have a chat with John Elway, just pick his brain. It's just awesome that I'm even in that situation." Orange Crush linebacker Randy Gradishar joined Elway in the Pro Football Hall of Fame this year, something Elway called "way, way overdue." Elway suggested it's also long past time for the Hall to honor Shanahan, who won back-to-back Super Bowls in Denver with Elway at QB and whose footprint you see every weekend in the NFL because of his expansive coaching tree. Elway called University of Colorado stars Travis Hunter and Shedeur Sanders "both great athletes." He said he really hopes Sanders gets drafted by a team that will bring him along like the Broncos have done with Nix, and he sees Hunter being able to play both ways in the pros — but not full time. Elway said he thinks Hunter will be primarily a corner in the NFL but with significant contributions on offense: "He's great at both. He's got great instincts, and that's what you need at corner." It's been five years since Elway announced he was dealing with Dupuytren's contracture, a chronic condition that typically appears after age 40 and causes one or more fingers to permanently bend toward the palm. Elway's ring fingers on both hands were originally affected and he said now the middle finger on his right hand is starting to pull forward. So, he'll get another injection of a drug called Xiaflex, which is the only FDA-approved non-surgical treatment, one that he's endorsing in an awareness campaign for the chronic condition that affects 17 million Americans. The condition can make it difficult to do everyday tasks such as shaking hands or picking up a coffee mug. Elway said what bothered him most was "I couldn't pick up a football and I could not imagine not being able to put my hand around a football." Get local news delivered to your inbox!Muhammad Nami: VAT attribution and derivation: A personal appeal to all partiesCLARKSBURG, W.Va. (WV News) — The opportunity to harvest two big game species in the same day has been presented to West Virginia hunters this year. Monday marked the first day of the concurrent bear and buck firearm hunting seasons across 42 counties. "West Virginia has two big game species, (black) bear and white tail deer. In the counties where the concurrent seasons are observed, a properly licensed hunter can take one or both of those in a single day," said West Virginia Division of Natural Resources Wildlife Resources Section Chief Paul Johansen. The two seasons will run together until Dec. 8 when the gun buck season ends. However bear season will continue until Dec. 31. Concurrent seasons for deer and bear have been held for several years now as a part of a strategy of culling the maximum number of bear from the population as possible. "When we need to harvest more bear to meet management objectives, we take advantage of the fact that the majority of our hunters are out in the field hunting during the buck season," Johansen said. Each year there are 250,000 to 275,000 buck hunters looking for deer in West Virginia. The most recent data, from 2022, counted 23,000 resident bear damage stamps and an additional 2,000 non-resident bear stamps. The weather this week also lends itself to bringing more hunters into the field for both seasons. Cool, but not frigid, temperatures and little-to-no precipitation are the best conditions for hunter comfort and attract the highest number of hunters to the field to make their harvests. Excess precipitation has the tendency to tamp down on harvest numbers, but some hunters prefer snow on the ground as it makes deer stand out against their surroundings. But too much snow can cause roads to be impassible and keep hunters out of the woods. "If they're off the couch and in the field, they're much more likely to kill a bear, (or) a deer," Johansen said Many hunters do so to fill their own freezers, but many others seek to help their neighbors. The Hunters Helping the Hungry program was established in West Virginia in 1992. Since then it has provided over 1.1 million pounds of meat to families experiencing food insecurity, by processing more than 29,000 donated deer. "Hunting is a strong tradition in West Virginia, and many of these hunters demonstrate a real willingness to share what they harvest with others. It's a great opportunity to allow the hunters to put food on tables where it's needed most," Johansen said. The deer hunting industry has an annual economic impact in West Virginia in excess of $300 million. In the last year alone, nearly 23,000 meals were generated by the program. "From what I gather talking to the folks at the food banks, getting good sources of protein is probably their most critical and limited asset that they have. So, this program is particularly important in that we get high-quality protein delivered to folks who need it the most," Johansen said. The program only accepts deer, as logistical issues necessitate a more streamlined procedure for participating meat processors.
China Industrial Air Compressor Market Size 2024: Global Share, Industry And Report Analysis By 2031 | Airman Asia Sdn Bhd (Hokuetsu Industries Co., Ltd.) Atlas Copco AB BAUER COMPRESSORS INC. 12-28-2024 11:13 AM CET | Business, Economy, Finances, Banking & Insurance Press release from: orion market research China Industrial Air Compressor Market China industrial air compressor market is estimated to grow modestly at a CAGR of around 5.6% during the forecast period. China Industrial Air Compressor Market report provides us with a complete outlook on thorough assessment of thorough data about vital feature of the global industry related to market size, revenue, development and market sales. This study report captures regulatory concerns and entry barriers that greatly affect the market growth. This report emphasizes on how industries get benefit from strategies offered here and achieve ample revenue other than also flashes light on constraints which can become great obstruction. It further helps to predict revenue increasing opportunities available in the marketplace. In addition, it then goes on to talk about volume trends, values and historical pricing structure. This China Industrial Air Compressor Market study report also helps to predict growth and opportunities in the market. Furthermore, it also guides on how to increase product demand, growth rate and gain huge profits through changing consumption technologies. Get Free Sample link @ https://www.omrglobal.com/request-sample/china-industrial-air-compressor-market China industrial air compressor market is segmented based on type, technology, and end-user. Based on the technology, the market is classified into dynamic displacement and positive displacement compressors. The dynamic displacement compressors segment is further segmented into axial flow air compressors and centrifugal compressors. Whereas the positive displacement compressors segment is further segmented into rotary air compressors and reciprocating compressors. Furthermore, rotatory compressors include lobe, screw, liquid ring, scroll & vane compressors while reciprocating includes diaphragm double-acting and single-acting compressors. Based on type, the market is classified into portable and stationary. Based on end-user, the market is segmented into food and beverage, oil and gas, manufacturing, energy & power, automotive, and others. A full report of China Industrial Air Compressor Market available @ https://www.omrglobal.com/industry-reports/china-industrial-air-compressor-market •Market Coverage •Market number available for - 2024-2031 •Base year- 2024 •Forecast period- 2024-2031 •Segment Covered- By Source, By Product Type, By Applications •Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others Market Segmentation China Industrial Air Compressor Market by Type oPortable oStationary China Industrial Air Compressor Market by Technology oDynamic Displacement Compressors oAxial Flow Air Compressors oCentrifugal Compressors oPositive Displacement Compressors oRotary Air Compressors oReciprocating Compressors China Industrial Air Compressor Market by End-Users oFood & Beverages oOil & Gas oEnergy and Power oManufacturing oAutomotive oOthers (Construction and Mining) Company Profiles oAtlas Copco AB oBAUER COMPRESSORS INC. oDENAIR Group oELANG Group oGeneral Electric Co. oHitachi Ltd. oIngersoll-Rand PLC oKaeser Kompressoren SE oShanghai Xinran Compressor Co. oSiemens AG The Report Covers •Comprehensive research methodology of the China industrial air compressor market. •This report also includes a detailed and extensive market overview with key analyst insights. •An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations. •Analysis of regional regulations and other government policies impacting the China industrial air compressor market. •Insights about market determinants which are stimulating the China industrial air compressor market. •Detailed and extensive market segments with regional distribution of forecasted revenues. •Extensive profiles and recent developments of market players. For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/china-industrial-air-compressor-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies. Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404 This release was published on openPR.Harry and Meghan’s polo docuseries to highlight ‘grit behind the glamour’
‘Unanimous decision’ on long march to be made on Dec 17: JUI-F chief “Is not signing the bill malice and fraud?” questions Fazlur Rehman Castigating the federal government in connection with Madaris registration bill, Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman on Sunday threatened the ruling coalition that nobody could block their way if they decide to launch a long march on Islamabad during a meeting of Tanzeem Ittehadul Madaris slated to be held on December 17. His remarks came just hours before the deadline set by the religio-political party expires. The JUI-F set a December 8 deadline for the government to approve the seminary registration bill. Addressing a public rally in Peshawar, the JUI-F chief said that a meeting of Ittehadul Madaris — a conglomerate of different organisations of Madaris representing the major schools of thoughts — would be convened to devise a joint strategy on Madaris registration bill. "A unanimous decision will be made at the Ittehadul Madaris meeting on December 17." He said that the bill was passed by the Senate and National Assembly separately with the consent of the government’s allies but the president returned the bill. Last week, President Asif Ali Zardari returned the bill, raising some objections, including that education is a provincial subject. Speaking to participants, Fazl questioned: “Is not signing the bill malice and fraud? Are you ready or not, If we decide to march on Islamabad?” As per the agreement signed with the government, Madaris would be affiliated but not fall under the education ministry, he added. "Attempts were made to keep Madaris under the Ministry of Education by forming a directorate." A day earlier, the JUI-F chief said that they wanted to remain within their limits and did not want confrontation with the state. Expressing his annoyance over differentiating between ancient and modern education, he said: “Knowledge is knowledge.” He said all the religious seminaries were kept “under pressure”. So-called reforms were being imposed on madrassa in the name of bringing the seminaries into the mainstream. “You declared war on us, we did not.” Responding to a question, the JUI-F leader said that the government was pushing the seminaries towards extremism and radicalism. On the other hand, Minister for Religious Affairs and Interfaith Harmony Chaudhry Salik Hussain said yesterday that registration of seminaries was a long-standing requirement. “It will take some time to give the Madrasa Registration Bill a legal shape,” the minister said. Accepting the Maulana’s demand, the government got approved the bill from both houses of the parliament, he said. “Madrasa are also educational institutions that only fall under the education ministry.” The minister said: “18,000 Madrassas were registered with the Directorate General of Religious Education.” There was a one-window operation at the directorate general to ease the registration process. All Pakistani nationals stranded in Syria safe, says foreign office PM endorses PCB's principled stance on ICC Champions Trophy 2025 Flood-stricken Malaysia receives aid from Pakistan PTI's civil disobedience call 'pressure tactic' to manipulate Gen Faiz's trial: Vawda