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Democracy and ProtestsEton Pharmaceuticals stock soars to all-time high of $11.12
Wilmington, Del., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) announced today that it has signed a definitive agreement to sell its Avoca business to Mane. The transaction is expected to close in the calendar first quarter 2025, subject to the satisfaction of customary closing conditions. Ashland's Avoca business supplies Sclareolide, a fragrance fixative, and a range of contract manufacturing capabilities from two production facilities in North Carolina and Wisconsin. The Avoca business line represents the last entity from Ashland’s previous acquisition of Pharmachem. “The Avoca business is a strong player in the fragrance fixative space with a dedicated team and attractive manufacturing capabilities to meet customer needs,” said Guillermo Novo, chair and chief executive officer, Ashland. “I want to thank the Avoca employees for their dedication and commitment to Ashland and to our customers.” Squire Patton Boggs is acting as legal advisor to Ashland. Update Forward-Looking Statements This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Ashland has identified some of these forward-looking statements with words such as “anticipates,” “believes,” “expects,” “estimates,” “is likely,” “predicts,” “projects,” “forecasts,” “objectives,” “may,” “will,” should,” “plans” and “intends” and the negative of these words or other comparable terminology. In addition, Ashland may from time to time make forward-looking statements in its annual report to shareholders, quarterly reports and other filings with the Securities and Exchange Commission (SEC), news releases and other written and oral communications. These forward-looking statements are based on Ashland’s expectations and assumptions, as of the date such statements are made, regarding Ashland’s future operating performance, financial condition, operating cash flow and liquidity, as well as the economy and other future events or circumstances. These statements include, but may not be limited to, statements about the sale of the Avoca business, including the expected timing for closing of the sale. Various risks and uncertainties may cause actual results to differ materially from those stated, projected or implied by any forward-looking statements, including any delay in the satisfaction of customary closing conditions for the sale of the Avoca business. Factors that will influence the impact on our business and operations include, without limitation, risks and uncertainties affecting Ashland that are described in its most recent Form 10-K (including Item 1A Risk Factors) filed with the SEC, which is available on Ashland’s website at http://investor.ashland.com or on the SEC’s website at http://www.sec.gov. Ashland believes its expectations and assumptions are reasonable, but there can be no assurance that the expectations reflected herein will be achieved. Unless legally required, Ashland undertakes no obligation to update any forward-looking statements made in this news release whether because of new information, future events or otherwise. Information on Ashland’s website is not incorporated into or a part of this news release. About Ashland Ashland Inc. (NYSE: ASH) is a global additives and specialty ingredients company with a conscious and proactive mindset for environmental, social and governance (ESG). The company serves customers in a wide range of consumer and industrial markets, including architectural coatings, construction, energy, food and beverage, personal care and pharmaceutical. Approximately 3,200 passionate, tenacious solvers thrive on developing practical, innovative and elegant solutions to complex problems for customers in more than 100 countries. Visit ashland.com and ashland.com/ESG to learn more. About Mane Founded in 1871 by Victor Mane, MANE is one of the leading producers and suppliers of fragrances and flavours globally. Since inception, the company has been owned and managed by five successive generations of the Mane family. MANE is a global group, operating 29 production facilities worldwide and more than 79 sites in more than 40 countries and employing over 8,000 collaborators. The first French company and the fifth largest fragrances and flavours producer in the world and are recognised as the fastest growing major company within the industry. TM Trademark, Ashland or its subsidiaries, registered in various countries. FOR FURTHER INFORMATION: Attachment Ashland_signs_definitive_ agreement_to_sell_Avoca_business_20241223Paycom to Present at the Barclays Global Technology Conference
The man, taken aback by the accusation, denied the woman's claims and retorted, "If I had actually filmed you, I would have smashed your phone." His response only fueled the woman's suspicions, leading to a heated exchange between the two commuters.
Rogue Drones Cause Chaos at Christmas Event, Leave 7-Year-Old Boy Seriously Injured
Salah's impact on the field is undeniable, and his recognition as the best player in the league for November is a fitting tribute to his skill, dedication, and passion for the game. Liverpool fans can look forward to more outstanding performances from their star forward as he continues to light up the Premier League with his goals and assists.Travel: Colorado’s winter huts blend adventure, luxury, and scenic beauty
Growing Hindu-Muslim tension in Bangladesh widens rift with IndiaTens of thousands of Spaniards marched in downtown Barcelona on Saturday to protest the skyrocketing cost of renting an apartment in the popular tourist destination. Protesters cut off traffic on main avenues in the city center, holding up homemade signs in Spanish reading "Fewer apartments for investing and more homes for living" and "The people without homes uphold their rights." The lack of affordable housing has become one of the leading concerns for the southern European Union country, the reports, mirroring the housing crunch in many parts of the world, including the US. Organizers said that over 100,000 turned out, while police estimated some 22,000 marched. Either way, the throngs of people clogging the streets recalled the massive separatist rallies at the height of the previous decade's Catalan independence movement. Now, social concerns led by housing have displaced political crusades. That is because the average rent for Spain has doubled in past 10 years. The price per square meter has risen from $7.50 US in 2014 to about $13.50 this year, according to the real estate website . The growth is even more acute in cities like Barcelona and Madrid. Incomes have failed to keep up, especially for younger people in a country with chronically high unemployment, per the AP. Samuel Saintot said he is "frustrated and scared" after being told by the owners of the apartment he has rented for 15 years in Barcelona's city center that he must vacate the premises. The protester suspects the owners want him out so they can renovate it and boost the price. Despite looking outside Barcelona, he can't find anything. "And I consider myself a very fortunate person, because I earn a decent salary," he said. "And even in my case, I may be forced to leave town." A report by the Bank of Spain indicates that nearly 40% of Spaniards who rent dedicate an average of 40% of their income to paying rent and utilities, compared to the European Union average of 27%. "We are talking about a housing emergency. It means people having many difficulties both in accessing and staying in their homes," said Ignasi Martí, a professor at Esade business school and head of its Dignified Housing Observatory.With each public appearance, Elly continues to impress and inspire with her evolving sense of style and confidence. By effortlessly blending classic pieces with on-trend items, she has proven herself to be a rising fashion icon in her own right. As she navigates her way through the world of fashion and fame, Elly's unique blend of elegance and youthfulness sets her apart and ensures that she will remain a style influencer for years to come.Despite their best efforts, the passenger's condition continued to deteriorate rapidly, ultimately leading to a tragic outcome. The loss of a life under such circumstances is a stark reminder of the unpredictability of health emergencies and the importance of prompt and decisive action in responding to such crises.
How to Watch Top 25 Women’s College Basketball Games – Friday, November 22Jose Mourinho, the seasoned tactician with a reputation for speaking his mind, recently shared his thoughts on the issue. In a candid interview, Mourinho expressed his concerns about the lack of accountability within football, particularly when it comes to addressing violations by top clubs. "I don't want to see Manchester City relegated," Mourinho stated, "but I want to see justice served."
Irvine electric-vehicle maker Rivian has received conditional approval for a federal loan of up to $6.6 billion that would help fund construction of a Georgia plant where it could manufacture smaller and more affordable SUVs. The company said late Monday that the loan from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing Loan Program would support construction of a plant outside Atlanta that Rivian halted work on this year after losing $5.4 billion in 2023. “This loan will help create thousands of new American jobs and further strengthen U.S. leadership in EV manufacturing and technology,” said Rivian founder and Chief Executive RJ Scaringe, in a prepared statement. Rivian said it “must satisfy certain technical, legal, environmental, and financial conditions” before the department enters into definitive financing documents and funds the loan. Shares of Rivian were up 4% to $12.06 in early afternoon trading. The funding comes just weeks after Rivian and Volkswagen group entered into a joint venture that could deliver as much as $5.8 billion to the electric-vehicle maker, which is supplying the German company electronic and computer components for its own electric-vehicle program. The venture significantly boosted the finances of Rivian, which went public in 2021 amid strong investor interest in EV makers, but the market has been slowed by higher interest rates and other challenges. Rivian also has struggled with supply issues and production. The company cut 10% of its 16,700-plus workforce earlier this year and and recorded a net loss of $1.1 billion, or $1.08 a share, in the third quarter. It employed about 2,200 locally in 2023, according to the Orange County Business Journal. The loan was approved by the Energy Department in the waning days of the Biden administration, whose 2022 Inflation Reduction Act set aside some $500 billion to boost clean energy and make other investments in the economy. The administration’s announced goal has been to have half of all cars sold nationally be electric by 2030. President-elect Donald Trump has said he wants to pull back any unspent funds of the act, but the law has drawn bipartisan support as much of the funding has flowed to Republican-led states. The planned Rivian plant has the the support of Georgia Gov. Brian Kemp, a Republican. “Today’s announcement reinforces the Biden-Harris Administration’s commitment to strengthen the nation’s manufacturing competitiveness, helping ensure American businesses remain global leaders in the rapidly expanding EV industry,” the Department of Energy said. Karl Brauer, executive analyst at iSeeCars.com, an automotive research website, said the loan reflects the Biden administration’s efforts to put “a wide range of things in place as quickly as possible.” “They won’t control the agenda any longer,” he said, adding the loan would give Rivian a “much longer runway and much needed financial help.” This is not the first time the department has made a large loan to support the electric vehicle industry. In 2010, it gave a $465-million loan to Tesla Motors to help fund its vehicle development and to build its Fremont, Calif., factory. At full capacity, the EVs manufactured at Rivian’s Georgia facility are expected to yield an annual fuel consumption savings of roughly 146 million gallons of petroleum, the energy department estimated. Rivian sold about 50,100 vehicles last year, boasting that its full-size, three-row R1S is the best-selling SUV in California in the above $70,000 price category. But it has yet to release cheaper models that appeal to a broader market. It also makes delivery vans for Amazon. The company is already expanding its sole plant in Normal, Ill., where it makes the R1 and plans to start production in 2026 of the midsize R2 SUV, which would start at about $45,000 and be released in the latter half of that year. Rivian said the loan also would provide “significant funding” for the development of the platforms of the R2, as well as an even more affordable midsize crossover models called the R3 and R3X — all of which the company said are critical for its long-term growth and profitability. The company said it would build the new plant in two phases, each with an annual production capacity of 200,000 vehicles. If the loan receives final approval, it would be secured by all assets of the project and fixed assets and guarantees of Rivian and some of its subsidiaries, the company said.
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