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KATY, Texas, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Academy Sports and Outdoors, Inc. (the “Company” or “Academy”) (Nasdaq: ASO) announced today that its Board of Directors approved a new share repurchase program authorizing the Company to repurchase up to $700 million of its outstanding common stock. This new share repurchase program replaces the preceding share repurchase program, of which $423 million remained at the time this new program was approved, and is effective as of December 4, 2024, for a period of three years. The Company also announced today that its Board of Directors approved the declaration of a quarterly cash dividend with respect to the fiscal quarter ended November 2, 2024, of $0.11 per share of the Company's common stock. The dividend is payable on January 15, 2025, to stockholders of record as of the close of business on December 18, 2024. About Academy Sports + Outdoors Academy is a leading full-line sporting goods and outdoor recreation retailer in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to 298 stores across 19 states. Academy’s mission is to provide “Fun for All” and Academy fulfills this mission with a localized merchandising strategy and value proposition that strongly connects with a broad range of consumers. Academy’s product assortment focuses on key categories of outdoor, apparel, sports & recreation and footwear through both leading national brands and a portfolio of private label brands. For more information, visit www.academy.com. Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the Company's current expectations and are not guarantees of future performance. The forward-looking statements include, among other things, statements regarding the payment of the dividend, including the timing and amount thereof, share repurchases by the Company, the Company's expectations regarding its future performance, and the Company's future financial condition to support future dividend and share repurchase program growth, and are subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. Actual results may differ materially from these expectations due to factors that are set forth in Academy's filings with the U.S. Securities and Exchange Commission. Any forward-looking statement in this press release speaks only as of the date of this release. The Company undertakes no obligation to publicly update or review any forward-looking statement, except as may be required by any applicable securities laws.None
The urban sub-center, located in Tongzhou District, has been identified as a key area for future development in Beijing's urban planning. With the construction of the new metro line, the sub-center will be seamlessly connected to the city center, facilitating the flow of people and resources between the two areas. This connection will not only alleviate traffic congestion but also promote the balanced development of different districts in Beijing.Conclusion:As Macron seeks to reassert his authority and restore confidence in his administration, he will need to engage in a delicate balancing act of responding to the demands of the people, managing domestic tensions, and navigating international relations in a rapidly changing world. The road ahead for Macron and the French government remains fraught with challenges and uncertainties, but it is clear that decisive action and bold leadership will be needed to steer the country through these turbulent times. Song Zhongping's critique serves as a poignant reminder of the fragility of political power and the imperative for leaders to rise to the occasion in times of crisis.
The Inspiring Journey of Manmohan Singh: Architect of Modern India
When Nebraska meets Oregon State on Wednesday in Honolulu in the championship game of the Diamond Head Classic, it will have a chance to win its first tournament since the San Juan Shootout in 2000. If the Cornhuskers (9-2) pull it off, there's a good chance Juwan Gary will have something to do with it -- on both ends of the floor. The 6-foot-6, sixth-year senior averages 11.7 points per game and is coming off a 21-point outing in Monday night's 69-55 semifinal win over Hawaii. Gary is also an elite defender whose ability to guard multiple positions has Nebraska playing the best defense in coach Fred Hoiberg's six seasons. The Cornhuskers, who have allowed an average of 52.0 points per game in victories over Murray State and Hawaii at the tournament, are limiting the opposition to 36.3 percent field-goal shooting. "He can guard anybody one through five," Hoiberg said of Gary. "He does so many little things for his team and he's one of the elite offensive rebounders in the country." Fellow sixth-year senior Brice Williams (19.2 points) is coming off a 32-point outing Monday night for Nebraska, which is on a three-game winning streak. The Beavers (10-2) rallied from a 12-point second-half deficit in Monday's first semifinal to topple Oakland 80-74. Liutauras Lelevicius led a balanced attack with 17 points, producing a three-point play with 12 seconds left in regulation that forced overtime. Reigning West Coast Conference Player of the Week Michael Rataj added 13 points and seven rebounds one day after putting up 16 and 12, respectively, in a win over the College of Charleston. Winners of six in a row, Oregon State's hot start might surprise some, given the losses it incurred to the transfer portal after the program fell from Power 5 status. The departures included Jordan Pope (Texas) and Tyler Bilodeau (UCLA). But coach Wayne Tinkle felt the Beavers got deeper via their portal additions. "They're excited to be wearing the Oregon State uniform," he said. "Our balance of youth brings some real enthusiasm among with a good balance of mature guys." --Field Level MediaMark your calendars and prepare for the terror, as "28 Months Later" descends upon North American theaters on June 20th next year. Brace yourself for a cinematic experience unlike any other, as the fate of humanity hangs in the balance once again in this unforgettable and thrilling sequel to a cinematic masterpiece.
SAN DIEGO, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Franklin Access is pleased to announce a significant legal victory in its shareholder litigation, "In re Franklin Wireless Corp. Derivative Litigation”, Case No. 21-cv-1837-BEN-MSB. On December 19th, 2024, following an 8-day jury trial, the U.S. District Court for the Southern District of California determined that the actions of the Franklin Wireless officers and directors during the relevant time period resulted in only nominal damage to the company. Plaintiffs sought in excess of $110 million in damages from the officers and directors of the company. After less than a single day of deliberation, the jury reached its verdict and awarded nominal damages of $0.99. Franklin's officers and directors were represented by lawyers Stephen M. Lobbin, of the law firm SML Avvocati P.C., and Philip Tencer, of TencerSherman LLP. Resolution of this case ends a long and difficult time for the Company's Officers and Directors, and provides certainty and clarity for the future. Management will now be free to focus on its mission to deliver innovative connectivity solutions without the distraction of litigation. For more information about Franklin Wireless, visit FranklinAccess.com. About Franklin Access Franklin Wireless (FKWL) specializes in integrated solutions, leveraging 4G LTE and 5G technologies. From mobile device management to network management solutions, the company designs innovative connectivity solutions for the digital age. Explore more at FranklinAccess.com. Safe Harbor Statement Certain statements in this press release constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Actual results may differ materially from those expressed or implied due to various factors. For media inquiries, please contact: [email protected]Israel strikes Houthi rebels in Yemen's capital while the WHO chief says he was meters away JERUSALEM (AP) — A new round of Israeli airstrikes in Yemen have targeted the Houthi rebel-held capital of Sanaa and multiple ports. The World Health Organization’s director-general said the bombardment on Thursday took place just “meters away” as he was about to board a flight in Sanaa. He says a crew member was hurt. The strikes followed several days of Houthi attacks and launches setting off sirens in Israel. Israel's military says it attacked infrastructure used by the Houthis at the international airport in Sanaa, power stations and ports. The Israeli military later said it wasn’t aware that the WHO chief was at the location in Yemen. An uneasy calm settles over Syrian city of Homs after outbreak of sectarian violence HOMS, Syria (AP) — Syria’s new security forces checked IDs and searched cars in the central city of Homs a day after protests by members of the Alawite minority erupted in gunfire and stirred fears that the country’s fragile peace could break down. A tense calm prevailed Thursday after checkpoints were set up throughout the country’s third-largest city, which has a mixed population of Sunni and Shia Muslims, Alawites and Christians. The security forces are controlled by the former insurgent group Hayat Tahrir al-Sham, which led the charge that unseated former President Bashar Assad. The US says it pushed retraction of a famine warning for north Gaza. Aid groups express concern. WASHINGTON (AP) — U.S. officials say they asked for — and got — the retraction of an independent monitor's warning of imminent famine in north Gaza. The internationally Famine Early Warning System Network issued the warning this week. The new report had warned that starvation deaths in north Gaza could reach famine levels as soon as next month. It cited what it called Israel's “near-total blockade” of food and water. The U.S. ambassador to Israel, Jacob Lew, criticized the finding as inaccurate and irresponsible. The U.S. Agency for International Development, which funds the famine-monitoring group, told the AP it had asked for and gotten the report's retraction. USAID officials tell The Associated Press that it had asked the group for greater review of discrepancies in some of the data. Trump has pressed for voting changes. GOP majorities in Congress will try to make that happen ATLANTA (AP) — Republicans in Congress plan to move quickly in their effort to overhaul the nation’s voting procedures, seeing an opportunity with control of the White House and both chambers of Congress. They want to push through long-sought changes such as voter ID and proof-of-citizenship requirements. They say the measures are needed to restore public confidence in elections. That's after an erosion of trust that Democrats note has been fueled by false claims from Donald Trump and his allies of widespread fraud in the 2020 election. Democrats say they are willing to work with the GOP but want any changes to make it easier, not harder, to vote. Americans are exhausted by political news. TV ratings and a new AP-NORC poll show they're tuning out NEW YORK (AP) — A lot of Americans, after an intense presidential election campaign, are looking for a break in political news. That's evident in cable television news ratings and a poll from The Associated Press-NORC Center for Public Affairs Research. The poll found nearly two-thirds of Americans saying they've found the need recently to cut down on their consumption of political and government news. That's particularly true among Democrats following President-elect Donald Trump's victory, although a significant number of Republicans and independents feel the same way. Cable networks MSNBC and CNN are really seeing a slump. That's also happened in years past for networks that particularly appeal to supporters of one candidate. New York to charge fossil fuel companies for damage from climate change ALBANY, N.Y. (AP) — Large fossil fuel companies would have to pay fees to help New York fight the effects of climate change under a bill signed by Democratic Gov. Kathy Hochul. The governor signed the new law Thursday. It requires companies responsible for substantial greenhouse gas emissions to pay into a state infrastructure fund for repairs or projects that help avoid future damage from climate change. Lawmakers approved the bill earlier this year. It's meant to make big oil and gas companies contribute to the cost of repairs after extreme weather events or for resiliency projects. Such projects may include restoring coastal wetlands or upgrading roads, bridges and water drainage systems. Legal challenges to the new law are expected. Aviation experts say Russia's air defense fire likely caused Azerbaijan plane crash as nation mourns Aviation experts say that Russian air defense fire was likely responsible for the Azerbaijani plane crash the day before that killed 38 people and left all 29 survivors injured. Azerbaijan is observing a nationwide day of mourning on Thursday for the victims of the crash. Azerbaijan Airlines’ Embraer 190 was en route from Azerbaijan’s capital of Baku to the Russian city of Grozny in the North Caucasus on Wednesday when it was diverted for reasons yet unclear and crashed while making an attempt to land in Aktau in Kazakhstan. Cellphone footage circulating online appeared to show the aircraft making a steep descent before smashing into the ground in a fireball. Ukraine's military intelligence says North Korean troops are suffering heavy battlefield losses KYIV, Ukraine (AP) — Ukraine's military intelligence says North Korean troops are suffering heavy losses in Russia's Kursk region and face logistical difficulties as a result of Ukrainian attacks. The intelligence agency said Thursday that Ukrainian strikes near Novoivanovka inflicted heavy casualties on North Korean units. Ukraine's president said earlier this week that 3,000 North Korean troops have been killed and wounded in the fighting in the Kursk region. It marked the first significant estimate by Ukraine of North Korean casualties several weeks after Kyiv announced that North Korea had sent 10,000 to 12,000 troops to Russia to help it in the almost 3-year war. How the stock market defied expectations again this year, by the numbers NEW YORK (AP) — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The benchmark index posted its first back-to-back annual gains of more than 20% since 1998. The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing. But it wasn’t just Apple, Nvidia and the like. Bitcoin and gold surged and “Roaring Kitty” reappeared to briefly reignite the meme stock craze. Why this Mexican American woman played a vital role in the US sacramental peyote trade MIRANDO CITY, Texas (AP) — Amada Cardenas, a Mexican American woman who lived in the tiny border town of Mirando City in South Texas, played an important role in the history of the peyote trade. She and her husband were the first federally licensed peyote dealers who harvested and sold the sacramental plant to followers of the Native American Church in the 1930s. After her husband's death in 1967, Cardenas continued to welcome generations of Native American Church members to her home until her death in 2005, just before her 101st birthday.Gov. Glenn Youngkin on Tuesday announced that he is asking the legislature for an additional $290 million to support school construction and modernization efforts across Virginia. This latest investment would bring the total funding for the current biennium to $700 million and raise the state’s overall contribution under Youngkin’s administration to nearly $2 billion. Youngkin’s funding request is included in his proposed budget amendments, which he plans to present next week at a joint meeting of the General Assembly’s money committees. According to the governor’s office, the state’s financial commitments have spurred an estimated $3.4 billion in total funding for school construction. The additional support would be made possible through a combination of local government contributions and federal matching funds. “Over the last three years, we have invested historic amounts in our education system, including our public school facilities,” Youngkin said in a statement. “Our record economic growth and the resulting surplus allows us to make this critical investment to ensure every Virginia student has access to high-quality school facilities that support academic success.” Youngkin plans to use the newly announced $290 million in non-general funds to expand competitive grant opportunities for school divisions, particularly in high-need areas. The money would also address critical infrastructure issues, supporting the construction and renovation of schools in urgent need of repair. State officials say the increased funding will provide K-12 students with safer, more conducive learning spaces, a move that has been welcomed by educators and community leaders alike. Local school divisions will be able to apply for grant support to fast-track modernization projects that may have been delayed due to funding shortfalls. The Youngkin administration has framed the initiative as part of a broader effort to support Virginia’s educational system and improve outcomes for students. As schools across the state face aging infrastructure and capacity challenges, this investment aims to reduce disparities in facility quality, especially in underserved areas. “One of our guiding principles since day one of the Youngkin Administration has been to provide safe, vibrant, and healthy learning environments for all of our students,” said Secretary of Education Aimee Guidera. “This investment in supporting new and refurbished school buildings makes it possible for every community in the commonwealth to have the means to provide a best-in-class education that prepares every student for success in our increasingly demanding knowledge- and skills-based economy.” In 2022, Youngkin’s first year in office, the General Assembly in a bipartisan effort approved a historic $1.2 billion investment in school construction, aiming to modernize aging facilities and reduce funding disparities among school divisions. The sweeping plan combined grants and loans to support renovations, new construction, and capacity expansion for K-12 schools across the commonwealth. Of the $1.2 billion, about $850 million was allocated for grants. This included $400 million in formula-based grants, which provided each of Virginia’s 134 school divisions with a $1 million base allocation. The remaining $266 million was distributed based on the Local Composite Index (LCI) — a state funding formula that considers factors like property values, taxable sales and population data to assess a locality’s financial ability to support its schools. Another $450 million was funneled into the newly created School Construction Fund and Program, a competitive grant program designed to assist divisions with the most critical infrastructure needs. School systems with poor building conditions and limited financial capacity could apply for these funds to support construction, renovation, or expansion projects. This program is primarily funded by 98% of gaming revenue from Virginia’s four new casinos in Bristol, Danville, Portsmouth, and Norfolk. The fund is administered by the Virginia Board of Education. Virginia faces a mounting crisis with school infrastructure. Data released by the Virginia Department of Education in 2022 revealed that nearly 1,000 school buildings across the state are at least 50 years old. Replacing these facilities would cost more than $25 billion — a figure far beyond the capacity of most localities. Traditionally, local governments have shouldered the financial burden of school construction, relying on local tax revenue. But for economically distressed areas, particularly in Southwest Virginia and Southside, this has become an increasingly difficult challenge due to population decline and economic hardship. But in April, Youngkin vetoed a bill lawmakers sent to his desk that would have allowed localities to implement a 1% sales tax to help cover the costs of school construction and modernization. The proposal required voter approval through a referendum before the tax could be enacted by local governments. Youngkin acknowledged that school construction is a “worthy cause” but argued that Virginia has already taken substantial steps to address those costs. He contended that citizens should not face additional taxes, particularly the $1.5 billion annually that would have been raised by the 1% sales tax. Prior to 2022, state assistance for school construction was limited, with much of it coming from the Literary Fund, a state-managed pool of money established in Virginia’s Constitution. Funded by sources such as unclaimed lottery winnings, criminal fines, and unclaimed property, the Literary Fund historically provided low-interest loans to support school construction and debt service for technology. However, in recent years, much of the fund’s revenue was redirected to cover teacher retirement costs, leaving fewer resources for school building projects. The 2022 legislative session retooled the Literary Fund’s loan program, significantly increasing its impact. Lawmakers raised the maximum loan amount from $7.5 million to $25 million and capped the interest rate at 2%. These changes made it more feasible for school divisions to finance major construction projects at a lower cost. With the state’s total contribution now approaching $2 billion, education advocates are hopeful the increased funding will lead to long-term improvements in school facilities and better learning conditions for students throughout the commonwealth. Virginia Board of Education President Grace Creasey said Tuesday that the panel will prioritize “those school divisions in greatest need that have missed out on prior grant opportunities,” especially rural divisions.Hong Kong offers rewards for arrest of 2 Canadians, 4 other activists
As the match day approaches, football fans will be eagerly anticipating the clash between these two powerhouse teams, with all eyes on the potential duel between Mbappe and Lukaku. Real Madrid's journey in the Champions League continues, and with their star-studded lineup, they are well-equipped to take on the challenges that lie ahead.Mark Wahlberg Shows His Abs for 4 A.M. Post-Christmas Cold PlungeRefund Brother, whose real name is Jack, had become a household name in the online shopping community for his witty commentary and candid reviews of various products. With a loyal following of millions, he was able to turn his passion for online shopping into a successful career. However, the sudden downturn in the economy and changes in the marketing landscape led to his sponsor pulling the plug on their partnership, leaving Jack without a steady source of income.
Furthermore, the addition of paid DLC offerings to these gacha games as part of their finalist packages only serves to exacerbate the backlash. Many players feel that the inclusion of DLC, which often contains additional content or features that should arguably be included in the base game, is a cynical attempt to squeeze even more money out of an already monetized player base. This move has been viewed as a blatant cash grab by the developers and a slap in the face to the gaming community.
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