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The company made the Best Places to Work in IT list for the third consecutive year and is ranked #2 in the Small Companies category. BALA CYNWYD, Pa. , Dec. 10, 2024 /PRNewswire/ -- Tokio Marine North America Services (TMNAS) is one of the 2025 Best Places to Work in IT according to Foundry's Computerworld . TMNAS achieved the #2 ranking in the Small Companies category, its highest ranking to date and third straight year making the list. Beyond the #2 overall ranking, TMNAS was ranked #1 for Career Development and Diversity, Equity, and Inclusion. This award recognizes the top organizations that challenge their IT staff while providing great benefits and compensation. "We are extremely honored to have been recognized by Computerworld for the third year in a row," shared Bob Pick , Executive Vice President and Chief Information Officer at TMNAS. "Our IT team plays a crucial role in driving success for Tokio Marine and we strive to ensure our employees feel supported and valued as well. We want them to learn and grow with us as technology capabilities and digital demand evolve." TMNAS provides professional services across the U.S. and Mexico to several of the North American businesses of the Tokio Marine Group . The company's IT department develops, maintains, and innovates digital technology solutions to deliver market-leading solutions, insights, and customer service 24/7. Their work helps support over 3,200 people, contributing to the generation of innovative solutions and leading to $5.5 billion in annual premium revenue. In addition to making the Best Places to Work in IT list, TMNAS has received several other top workplace honors. These include being named one of the Best and Brightest Companies to Work for In the Nation, Best Places to Work in Insurance, and Best Places to Work in PA. To learn more, visit TMNAS.com . About Tokio Marine North America Services Tokio Marine North America Services (TMNAS) was established in 2012 as the shared services company for Tokio Marine North America, Inc. (TMNA), the U.S. holding company for the Japan -based Tokio Marine Group. With headquarters located in Bala Cynwyd, Pennsylvania , TMNAS provides value-added services to Tokio Marine Group companies including Philadelphia Insurance Companies (PHLY), First Insurance Company of Hawaii (FICOH), and Tokio Marine America (TMA) and its insurance companies. TMNAS' range of services includes Actuarial, Corporate Communications, Facilities, Finance & Accounting, Information Technology, Internal Audit, Human Resources, and Legal. These services deliver efficiency and innovation through the streamlining of processes, while building synergies across business units. For more information, please visit www.TMNAS.com . About the Best Places to Work in IT The Best Places to Work in IT list is an annual ranking of the top work environments for technology professionals by Foundry's Computerworld. The list is compiled based on a comprehensive questionnaire regarding company offerings in categories such as benefits, career development, DEI, future of work, training and retention. In addition, the rankings are reviewed and vetted by a panel of industry experts. About Computerworld Computerworld is the leading technology media brand empowering enterprise users and their managers, helping them create business advantage by skillfully exploiting today's abundantly powerful web, mobile, and desktop applications. Computerworld also offers guidance to IT managers tasked with optimizing client systems—and helps businesses revolutionize the customer and employee experience with new collaboration platforms. Computerworld's award-winning website ( www.computerworld.com ), strategic marketing solutions and research forms the hub of the world's largest global IT media network and provides opportunities for IT vendors to engage this audience. Computerworld is published by IDG. Communications, Inc. Company information is available at www.idg.com . Follow Computerworld on X: @Computerworld #BestPlacesIT Follow Computerworld on LinkedIn View original content to download multimedia: https://www.prnewswire.com/news-releases/tokio-marine-north-america-services-named-one-of-computerworlds-2025-best-places-to-work-in-it-302328235.html SOURCE Tokio Marine North America Services
A Nigerian lady has shared a video explaining why the pastors left her wedding venue shortly after their arrival According to the lady, the pastors were displeased with her husband's hairstyle and refused to go ahead with the wedding Mixed reactions trailed the video on TikTok as social media users stormed the comments section to react PAY ATTENTION: Follow our WhatsApp channel to never miss out on the news that matters to you! A Nigerian lady's wedding day took an unexpected turn when the pastors officiating the ceremony walked out in protest over the groom's hairstyle. The incident, which left the bride and her family stunned, was shared in a video posted by the bride on TikTok . Bride reacts after pastors left her wedding The bride, identified as @ missteecal0 on TikTok, recounted the events leading up to the pastors' dramatic exit. PAY ATTENTION: Follow us on Instagram - get the most important news directly in your favourite app! According to her, the pastors had initially taken issue with the groom's cornrows, deeming them unacceptable for the wedding ceremony. Read also After 2 years in UK, lady suddenly returns to Nigeria to resume old job, hints on reason in video A compromise was reached, with the groom agreeing to style his hair in a jheri curl. However, when the big day arrived, the groom's hair proved too long to style as agreed, prompting a last-minute solution of two cornrows. The pastors, however, were unimpressed by the groom's new hairstyle and refused to proceed with the ceremony. Despite pleas from the wedding planner and other guests, the pastors stood firm, ultimately abandoning the ceremony. The incident left the bride and her family shocked and disappointed, with many taking to social media to express their outrage and disbelief at the pastors' actions. In the bride's words "They told my husband that it's not allowed to have cornrows on his head. So we eventually agreed to do something like a jheri curl on the hair. However, we discovered a day to the wedding that his hair was too long and it wasn't possible. Read also Bishop TD Jakes: Portter's House Church shares what happened as preacher suffers health emergency "On the day of the wedding, we loosened the hair to reveal the jheri curl but it didn't even form anything. So I asked my stylist to leave my hair and go and make his own hair. That was the fastest thing we can do. He made two cornrows and I called my dad to tell him what happened. My dad said okay, fine. "We went for the joining. We did the registry part like you already saw. Time for church, I started wondering why haven't we started the ceremony? I was in the car and I saw my mum throwing hands and talking to my husband. My younger brother was just going from one place to another. "He then came to tell me that the pasrors are refusing to go ahead with the ceremony cause the groom has two cornrows on his head. My event planner was begging, everyone was begging them. Eventually, my brother came to tell me that the pastors already left." Read also Nigerian man emotional after seeing long lost secondary school friend working as delivery rider Reactions as pastors leave wedding ceremony TikTok users stormed the comments section to share their varying opinions. @OmogeNaija said: "Church wedding is really not that important sha, has your dad handed you over to him and his family? That's what matters the most biko. Congratulations on your wedding." @Melvin Ravenclaw reacted: "What is the pastor's business with his hair looking long or whatever???? na the hair she dey marry? shuuuuu." @Ąäłiyaħ| said: "You all saying is it not just hair, if it was a white man with a long hair will they do the same thing let’s be realistic na, Abi the picture of jesus they hang in churches is he bald??" @Tumtum said: "I’ll stand in front of that alter, hold my husband’s hand, we would close our eyes and pray and go to the reception." @victoriavictory232 added: "So basically I didn’t do church wedding I did trads & registry, but my husband willingly cut his 7yrs dreadlocks before meeting my family I didn’t ask him to, it’s just hair it’s has grown back." Read also "Nappi na talk and do": Lady in relationship with oyinbo man hails him for building house for family Pastor suspends wedding on D-day Meanwhile, Legit.ng previously reported that a pastor suspended a wedding following the absence of a family member to walk the bride down the aisle. According to the pastor, family ties are very important and a relative must be available to give the bride out. PAY ATTENTION : Legit.ng Needs Your Opinion! That's your chance to change your favourite news media. Fill in a short questionnaire Source: Legit.ngLegal affairs: Mountain West seeks to dismiss Pac-12 lawsuit over $55 million poaching penalty
NEW YORK , Dec. 10, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Macy's, Inc. (NYSE: M) resulting from allegations that Macy's may have issued materially misleading business information to the investing public. So What: If you purchased Macy's securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=31645 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. What is this about: On November 25, 2024 , The New York Times published an article entitled "Macy's Discovers Employee Hid Millions in Delivery Expenses." This article stated that "Macy's said on Monday that an employee had "intentionally" misstated and hidden up to $154 million in delivery expenses over the past few years, forcing the retailer to delay a much-anticipated earnings report that Wall Street uses to gauge the strength of holiday shopping." On this news, the price of Macy's, Inc. stock fell 2.2% on November 25, 2024 . Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com View original content to download multimedia: https://www.prnewswire.com/news-releases/rosen-law-firm-encourages-macys-inc-investors-to-inquire-about-securities-class-action-investigation--m-302327927.html SOURCE THE ROSEN LAW FIRM, P. A.Former U.S. Rep. Anthony Weiner has filed to run for a seat on the New York City Council, launching a potential political comeback after his once-promising career was destroyed by sexting scandals and later a criminal conviction for having illicit online contact with a child. Read this article for free: Already have an account? To continue reading, please subscribe: * Former U.S. Rep. Anthony Weiner has filed to run for a seat on the New York City Council, launching a potential political comeback after his once-promising career was destroyed by sexting scandals and later a criminal conviction for having illicit online contact with a child. Read unlimited articles for free today: Already have an account? Former U.S. Rep. Anthony Weiner has filed to run for a seat on the New York City Council, launching a potential political comeback after his once-promising career was destroyed by sexting scandals and later a criminal conviction for having illicit online contact with a child. Campaign finance records list a campaign committee that was set up on Friday for Weiner called Weiner 25, in addition to listing him as a candidate for a council seat in lower Manhattan. In a phone conversation Tuesday with The Associated Press, Weiner, a Democrat, said he is “still exploring” whether to actually campaign for the office. He said he opened the committee late last week so he could participate in a forum held by the Downtown Independent Democrats later this week. He referred additional questions to recent statements he made on his weekly radio show, “The Middle with Anthony Weiner,” where he said: “I haven’t decided if I want to do this yet” while considering the personal dynamics of a return to politics. Weiner represented a congressional district in New York City for about 12 years before he resigned in 2011 after sending lewd photos to several women. He tried to make a comeback in 2013 to run for mayor but was damaged by new revelations of explicit photos Weiner had sent under the online alias “Carlos Danger.” Weiner pleaded guilty in 2017 to having illicit online contact with a 15-year-old girl and was sentenced to 21 months in federal prison. He was released in 2019 and was ordered to register as a sex offender. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. ___ Izaguirre reported from Albany, N.Y. Advertisement Advertisement
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Global stocks mostly fall ahead of ECB, US inflation dataLOS ANGELES — Los Angeles has so far this year recorded double-digit percentage declines in homicides, non-fatal shootings and slayings stemming from gang feuds, according to police data released Tuesday. City officials touted the numbers as proof that public safety is improving after concerns about crime motivated voters in November’s election. Mayor Karen Bass highlighted the numbers Tuesday at an early morning at Watts Labor Community Action Committee Center, a jobs and social services nonprofit. Bass said that through the first week of December, there were 266 people killed citywide, a decline of 15% compared to the number slain the same period in 2023. The decrease was even more dramatic — a 28% drop — when measured against numbers from 2022, when violence ebbed after the first two years of the pandemic. The latest figures show that shootings in which someone was struck but not killed fell by nearly 19% when compared to 2023, while gang-related homicides fell by more than 50%. The mayor attributed the declines to growing collaboration between LAPD officers and community members in neighborhoods hit by violence. She also credited proactive enforcement efforts, such as the creation of a smash-and-grab retail crime task force that has led to hundreds of arrests and the recovery of more than $60 million in stolen merchandise. “What we’ve shown this year is that when a crime is committed here in the city, we don’t wait, we take action,” Bass said, also praising the work of interventionists and community programs such as Summer Night Lights that work to quash gang beefs and prevent violence. New LAPD Chief Jim McDonnell said he was heartened by the declining crime statistics, which come despite the department’s staffing woes. “These numbers represent lives saved, families preserved and communities being given the opportunity to heal and thrive,” he said. Watts Gang Task Force president Donny Joubert said that the sustained levels of calm were being particularly felt in some of the area’s public housing developments, where briefings by police leaders that used to be dominated by updates on recent gun violence are now focused on more mundane crimes. “We talk about maybe a couple cars got broken in, that’s huge. No shootings,” he said. Similarly dramatic declines in violent crime from early pandemic highs were reported in nationwide surveys and data from 500 to 1,000 local police departments. Even with statistics that show killings and other serious crimes trending downward, recent election results show the public remains concerned about safety — or the perception that cities are unsafe. Voters ousted progressive prosecutors in L.A. and Alameda counties after campaigns where crime was a central issue, and also resoundingly approved the tough-on-crime measure Proposition 36, which extends prison sentences for some thefts and drug offenses. Criminologists point out that the reasons why crime rises and falls are complex, with police data only offering a snapshot in time. LAPD officials have themselves cautioned that year-over-year comparisons are nearly impossible for certain types of crimes since the department switched over to a new record-keeping system earlier this year. ©2024 Los Angeles Times. Visit at latimes.com . Distributed by Tribune Content Agency, LLC.
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Couple charged in ring suspected of stealing $1 million in Lululemon clothes
BEAVERTON, Ore.--(BUSINESS WIRE)--Dec 19, 2024-- NIKE, Inc. (NYSE:NKE) today reported fiscal 2025 financial results for its second quarter ended November 30, 2024. "After an energizing 60 days of being back with my NIKE teammates, our clear priority is to return sport to the center of everything we do," said Elliott Hill, President & CEO, NIKE, Inc. "We're taking immediate action to reposition our business, so we can get back to driving long-term shareholder value. Our team is ready to go, and I'm confident you will see more moments of NIKE being NIKE again." "NIKE's second-quarter financial performance largely met our expectations, as we continue to make progress in shifting our portfolio," said Matthew Friend, Executive Vice President and Chief Financial Officer, NIKE, Inc. "Under Elliott's leadership, we are accelerating our pace and reigniting brand momentum through sport." Second Quarter Income Statement Review November 30, 2024 Balance Sheet Review Shareholder Returns NIKE continues to have a strong track record of consistently increasing returns to shareholders, including 23 consecutive years of increasing dividend payouts. In the second quarter, the Company returned approximately $1.6 billion to shareholders, including: As of November 30, 2024, a total of 112.8 million shares have been repurchased under the program for a total of approximately $11.3 billion. Conference Call NIKE, Inc. management will host a conference call beginning at approximately 2:00 p.m. PT on December 19, 2024, to review fiscal second quarter results. The conference call will be broadcast live via the Internet and can be accessed at https://investors.nike.com . For those unable to listen to the live broadcast, an archived version will be available at the same location through approximately 9:00 p.m. PT, January 10, 2025. About NIKE, Inc. NIKE, Inc., based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. For more information, NIKE, Inc.’s earnings releases and other financial information are available on the Internet at https://investors.nike.com . Individuals can also visit https://news.nike.com and follow @NIKE. Forward-Looking Statements This press release contains forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are detailed from time to time in reports filed by NIKE with the U.S. Securities and Exchange Commission (SEC), including Forms 8-K, 10-Q and 10-K. * Non-GAAP financial measure. See additional information in the accompanying Divisional Revenues. NIKE, Inc. CONSOLIDATED STATEMENTS OF INCOME (Unaudited) THREE MONTHS ENDED % SIX MONTHS ENDED % (In millions, except per share data) 11/30/2024 11/30/2023 Change 11/30/2024 11/30/2023 Change Revenues $ 12,354 $ 13,388 -8 % $ 23,943 $ 26,327 -9 % Cost of sales 6,965 7,417 -6 % 13,297 14,636 -9 % Gross profit 5,389 5,971 -10 % 10,646 11,691 -9 % Gross margin 43.6 % 44.6 % 44.5 % 44.4 % Demand creation expense 1,122 1,114 1 % 2,348 2,183 8 % Operating overhead expense 2,883 3,032 -5 % 5,705 6,079 -6 % Total selling and administrative expense 4,005 4,146 -3 % 8,053 8,262 -3 % % of revenues 32.4 % 31.0 % 33.6 % 31.4 % Interest expense (income), net (24 ) (22 ) — (67 ) (56 ) — Other (income) expense, net (8 ) (75 ) — (63 ) (85 ) — Income before income taxes 1,416 1,922 -26 % 2,723 3,570 -24 % Income tax expense 253 344 -26 % 509 542 -6 % Effective tax rate 17.9 % 17.9 % 18.7 % 15.2 % NET INCOME $ 1,163 $ 1,578 -26 % $ 2,214 $ 3,028 -27 % Earnings per common share: Basic $ 0.78 $ 1.04 -25 % $ 1.48 $ 1.99 -26 % Diluted $ 0.78 $ 1.03 -24 % $ 1.48 $ 1.97 -25 % Weighted average common shares outstanding: Basic 1,486.8 1,520.8 1,492.3 1,524.6 Diluted 1,490.0 1,532.1 1,495.9 1,537.7 Dividends declared per common share $ 0.400 $ 0.370 $ 0.770 $ 0.710 NIKE, Inc. CONSOLIDATED BALANCE SHEETS (Unaudited) November 30, November 30, % Change (Dollars in millions) 2024 2023 ASSETS Current assets: Cash and equivalents $ 7,979 $ 7,919 1 % Short-term investments 1,782 2,008 -11 % Accounts receivable, net 5,302 4,782 11 % Inventories 7,981 7,979 0 % Prepaid expenses and other current assets 1,936 1,943 0 % Total current assets 24,980 24,631 1 % Property, plant and equipment, net 4,857 5,153 -6 % Operating lease right-of-use assets, net 2,736 2,943 -7 % Identifiable intangible assets, net 259 269 -4 % Goodwill 240 281 -15 % Deferred income taxes and other assets 4,887 3,926 24 % TOTAL ASSETS $ 37,959 $ 37,203 2 % LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Current portion of long-term debt $ 1,000 $ — 100 % Notes payable 49 6 717 % Accounts payable 3,255 2,709 20 % Current portion of operating lease liabilities 481 456 5 % Accrued liabilities 5,694 5,470 4 % Income taxes payable 767 358 114 % Total current liabilities 11,246 8,999 25 % Long-term debt 7,973 8,930 -11 % Operating lease liabilities 2,562 2,785 -8 % Deferred income taxes and other liabilities 2,141 2,343 -9 % Redeemable preferred stock — — — Shareholders’ equity 14,037 14,146 -1 % TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 37,959 $ 37,203 2 % NIKE, Inc. DIVISIONAL REVENUES (Unaudited) % Change Excluding Currency Changes 1 % Change Excluding Currency Changes 1 THREE MONTHS ENDED SIX MONTHS ENDED (Dollars in millions) 11/30/2024 11/30/2023 % Change 11/30/2024 11/30/2023 % Change North America Footwear $ 3,236 $ 3,757 -14 % -14 % $ 6,448 $ 7,490 -14 % -14 % Apparel 1,693 1,668 1 % 1 % 3,024 3,147 -4 % -4 % Equipment 250 200 25 % 25 % 533 411 30 % 30 % Total 5,179 5,625 -8 % -8 % 10,005 11,048 -9 % -9 % Europe, Middle East & Africa Footwear 1,982 2,186 -9 % -12 % 3,934 4,446 -12 % -12 % Apparel 1,136 1,200 -5 % -8 % 2,129 2,337 -9 % -10 % Equipment 185 181 2 % -1 % 383 394 -3 % -4 % Total 3,303 3,567 -7 % -10 % 6,446 7,177 -10 % -11 % Greater China Footwear 1,203 1,361 -12 % -14 % 2,449 2,648 -8 % -8 % Apparel 472 469 1 % -3 % 832 870 -4 % -6 % Equipment 36 33 9 % 9 % 96 80 20 % 21 % Total 1,711 1,863 -8 % -11 % 3,377 3,598 -6 % -7 % Asia Pacific & Latin America Footwear 1,234 1,303 -5 % -4 % 2,286 2,444 -6 % -3 % Apparel 437 437 0 % 0 % 785 808 -3 % -1 % Equipment 73 65 12 % 10 % 135 125 8 % 10 % Total 1,744 1,805 -3 % -2 % 3,206 3,377 -5 % -2 % Global Brand Divisions 2 13 12 8 % -2 % 27 25 8 % 9 % TOTAL NIKE BRAND 11,950 12,872 -7 % -8 % 23,061 25,225 -9 % -9 % Converse 429 519 -17 % -18 % 930 1,107 -16 % -16 % Corporate 3 (25 ) (3 ) — — (48 ) (5 ) — — TOTAL NIKE, INC. REVENUES $ 12,354 $ 13,388 -8 % -9 % $ 23,943 $ 26,327 -9 % -9 % TOTAL NIKE BRAND Footwear $ 7,655 $ 8,607 -11 % -12 % $ 15,117 $ 17,028 -11 % -11 % Apparel 3,738 3,774 -1 % -2 % 6,770 7,162 -5 % -6 % Equipment 544 479 14 % 12 % 1,147 1,010 14 % 13 % Global Brand Divisions 2 13 12 8 % -2 % 27 25 8 % 9 % TOTAL NIKE BRAND REVENUES $ 11,950 $ 12,872 -7 % -8 % $ 23,061 $ 25,225 -9 % -9 % 1 The percent change has been calculated using actual exchange rates in use during the comparative prior year period and is provided to enhance the visibility of the underlying business trends by excluding the impact of translation arising from foreign currency exchange rate fluctuations, which is considered a non-GAAP financial measure. Management uses this non-GAAP financial measure when evaluating the Company's performance, including when making financial and operating decisions. Additionally, management believes this non-GAAP financial measure provides investors with additional financial information that should be considered when assessing the Company's underlying business performance and trends. References to this measure should not be considered in isolation or as a substitute for other financial measures calculated and presented in accordance with U.S. GAAP and may not be comparable to similarly titled non-GAAP measures used by other companies. 2 Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. 3 Corporate revenues primarily consist of foreign currency hedge gains and losses related to revenues generated by entities within the NIKE Brand geographic operating segments and Converse, but managed through the Company's central foreign exchange risk management program. NIKE, Inc. EARNINGS BEFORE INTEREST AND TAXES 1 (Unaudited) THREE MONTHS ENDED % SIX MONTHS ENDED % (Dollars in millions) 11/30/2024 11/30/2023 Change 11/30/2024 11/30/2023 Change North America $ 1,371 $ 1,526 -10 % $ 2,587 $ 2,960 -13 % Europe, Middle East & Africa 831 927 -10 % 1,623 1,857 -13 % Greater China 375 514 -27 % 877 1,039 -16 % Asia Pacific & Latin America 460 521 -12 % 862 935 -8 % Global Brand Divisions 2 (1,133 ) (1,168 ) 3 % (2,360 ) (2,373 ) 1 % TOTAL NIKE BRAND 1 1,904 2,320 -18 % 3,589 4,418 -19 % Converse 53 115 -54 % 174 282 -38 % Corporate 3 (565 ) (535 ) -6 % (1,107 ) (1,186 ) 7 % TOTAL NIKE, INC. EARNINGS BEFORE INTEREST AND TAXES 1 1,392 1,900 -27 % 2,656 3,514 -24 % EBIT margin 1 11.3 % 14.2 % 11.1 % 13.3 % Interest expense (income), net (24 ) (22 ) — (67 ) (56 ) — TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES $ 1,416 $ 1,922 -26 % $ 2,723 $ 3,570 -24 % 1 The Company evaluates the performance of individual operating segments based on earnings before interest and taxes (commonly referred to as "EBIT"), which represents Net income before Interest expense (income), net and Income tax expense. Total NIKE Brand EBIT, Total NIKE, Inc. EBIT and EBIT margin are considered non-GAAP financial measures. Management uses these non-GAAP financial measures when evaluating the Company's performance, including when making financial and operating decisions. Additionally, management believes these non-GAAP financial measures provide investors with additional financial information that should be considered when assessing the Company’s underlying business performance and trends. EBIT margin is calculated as total NIKE, Inc. EBIT divided by total NIKE, Inc. Revenues. References to EBIT and EBIT margin should not be considered in isolation or as a substitute for other financial measures calculated and presented in accordance with U.S. GAAP and may not be comparable to similarly titled non-GAAP measures used by other companies. 2 Global Brand Divisions primarily represent demand creation and operating overhead expense, including product creation and design expenses that are centrally managed for the NIKE Brand, as well as costs associated with NIKE Direct global digital operations and enterprise technology. Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. 3 Corporate consists primarily of unallocated general and administrative expenses, including expenses associated with centrally managed departments; depreciation and amortization related to the Company’s corporate headquarters; unallocated insurance, benefit and compensation programs, including stock-based compensation; and certain foreign currency gains and losses, including certain hedge gains and losses. View source version on businesswire.com : https://www.businesswire.com/news/home/20241219682756/en/ CONTACT: Investor Contact: Paul Trussell investor.relations@nike.comMedia Contact: Virginia Rustique-Petteni media.relations@nike.com KEYWORD: OREGON UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: FASHION FOOTWEAR RETAIL SPORTS DEPARTMENT STORES GENERAL SPORTS SOURCE: NIKE, Inc. Copyright Business Wire 2024. PUB: 12/19/2024 04:15 PM/DISC: 12/19/2024 04:15 PM http://www.businesswire.com/news/home/20241219682756/enThe domestic stock markets on the last trading session of the week erased the losses after taking support from positive global cues that included an indication of strength in the labour market of the United States and positive sentiments in other Asian markets. At the end of the trading on Friday, the Nifty 50 at the National Stock Exchange (NSE) ended at 23,907.25, rising 557.35 points, and the BSE Sensex was at 79,117.11, up by 1961.32 points. Both Nifty and climbed over two per cent (2.39 per cent and 2.54 per cent, respectively) On Friday morning, the stock markets opened with gains after the rally in other Asian stocks. The top gainers on NSE were State Bank of India, Titan, Bajaj Finance, ITC, and TCS, while the stocks of Bajaj Auto were the losers. All the sectoral indices on NSE traded in the green territory, except Media, during the trading day. The sectoral indices of IT witnessed a strength of 3.29 per cent, the realty sector jumped 3.17 per cent, while the PSU banks upped by 2.99 and FMCG, 2.27 per cent. Among the many interesting developments in the markets, the stocks of Adani Group erased their losses and traded in green territory. On the previous trading session, the stocks of Adani Group suffered losses due to charges by US Department of Justice and the US Securities and Exchange Commission. “Markets rallied from a significant level of support. Since the last two days, FPI positions were being built in the futures market; today that came into the cash markets too. This is more of a technical bounce from very deep oversold levels. No fundamental change per se, Ajay Bagga, banking and market expert, stated observing today’s market. Bagga added, overall, the positive global cues, positive Asia cues, and an extremely oversold market combined with this relief on the Adani front to contribute to this sharp rally today. It looks like a bottom may have been formed price-wise; time-wise we will have to wait and watch for now.” Shriram Subramanian, founder and MD, InGovern Research Services, stated that as expected, markets are trying to pull back as the implications of the Adani Group indictment sink in. Investors are seeking to buy stocks of good companies that are available at reasonable valuations. IT and pharma sectors continue to attract buying interest, he added. “The buying momentum was noticed at the 200-day EMA on the daily chart and the 50-day EMA on the weekly chart, while the RSI dipped below 30, pushing the index into the oversold range. This movement triggered value buying, particularly in large-cap quality stocks,” said VLA Ambala, co-founder of Stock Market Today, observing the market. (ANI) Also Read: Also Watch:WASHINGTON — President-elect Donald Trump announced he will nominate Pam Bondi to be his next attorney general, in a social media post Thursday that touted the former Florida attorney general’s history as a prosecutor who “was very tough on Violent Criminals.” Bondi, if confirmed, would oversee a sprawling Department of Justice responsible for federal criminal prosecution and a wide array of law enforcement. In the role, she could advocate for certain funding priorities, implement internal changes, and shift policy on topics like immigration, voting rights and antitrust enforcement. “As Florida’s first female Attorney General, she worked to stop the trafficking of deadly drugs, and reduce the tragedy of Fentanyl Overdose Deaths, which have destroyed many families across our Country,” Trump said in the post. “She did such an incredible job, that I asked her to serve on our Opioid and Drug Abuse Commission during my first Term — We saved many lives!” Trump also said he’s known Bondi for years and described her as “smart” and an “AMERICA FIRST Fighter.” “For too long, the partisan Department of Justice has been weaponized against me and other Republicans. Not anymore,” Trump said in the post. “Pam will refocus the DOJ to its intended purpose of fighting Crime, and Making America Safe Again.” Bondi would likely be tasked with implementing Trump’s plans to remake an agency he fumed at during the campaign trail. Trump’s announcement on Thursday came hours after his previous pick for attorney general, former Republican Rep. Matt Gaetz, withdrew his name from consideration. Bondi is a more traditional pick for attorney general than Gaetz, whose push for attorney general was dogged by sexual misconduct allegations and the specter of an unreleased ethics report. Sen. Lindsey Graham of South Carolina, the top Republican on the Senate Judiciary Committee, praised the selection on social media. “Well done, Mr. President. Picking Pam Bondi for Attorney General is a grand slam, touchdown, hole in one, ace, hat trick, slam dunk, Olympic gold medal pick,” Graham posted. “She will be confirmed quickly because she deserves to be confirmed quickly.” Sen. Mike Lee, R-Utah, a member of the Judiciary Committee, offered Bondi congratulations on social media. “I look forward to supporting her nomination in the Senate,” Lee said. Bondi, a Florida native, was the first woman to serve as the state’s chief legal officer and held the role from 2011 to 2019, according to her biography on Ballard Partners, a lobbying firm. That bio said Bondi “was one of Florida’s most accomplished Attorneys General” and she “earned a reputation among her colleagues as one of the toughest law enforcement officials in the country.” It said her work included fighting opioid abuse and cracking down on “pill mills,” combating human trafficking and taking on Medicare fraud, among other topics. In Jan. 2020, Bondi served on Trump’s defense team on his first impeachment, on an alleged scheme to hold up military aid to Ukraine until Kyiv agreed to investigate 2020 Democratic presidential candidate Joe Biden and his son Hunter. The Senate the next month acquitted Trump on two articles of impeachment. Bondi has been in Trump’s circle for years. In 2016, Bondi endorsed then-reality TV veteran Trump for president ahead of her state’s primary. “Donald and I have been friends for many years,” she said at a rally in Tampa, where he called her “the most popular person in Florida, by far.” On the national stage, she’s fought for a law banning same-sex marriage and against a ballot initiative that would have legalized medical marijuana. She also spearheaded the lawsuit that challenged the constitutionality of the Affordable Care Act and joined other attorneys general in fighting against Obama administration efforts on energy and environment mandates, and immigration.
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