DALLAS (AP) — DALLAS (AP) — Drive Shack Inc. (DSHK) on Thursday reported a loss of $3.1 million in its third quarter. The Dallas-based company said it had a loss of 3 cents per share. The real estate investment trust posted revenue of $90.8 million in the period. This story was generated by Automated Insights ( http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on DSHK at https://www.zacks.com/ap/DSHKThe Winnipeg Jets have been getting a glimpse of life without Nikolaj Ehlers lately as the flashy winger remains sidelined with a lower-body injury. Read this article for free: Already have an account? To continue reading, please subscribe: * The Winnipeg Jets have been getting a glimpse of life without Nikolaj Ehlers lately as the flashy winger remains sidelined with a lower-body injury. Read unlimited articles for free today: Already have an account? The Winnipeg Jets have been getting a glimpse of life without Nikolaj Ehlers lately as the flashy winger remains sidelined with a lower-body injury. It hasn’t been pretty. They’ve only won two of the (mostly) six games he’s missed, scoring just 13 goals in the process. The power play has gone from potent to punchless in the form of an ugly two-for-18 rut. Jeff McIntosh / THE CANADIAN PRESS files Nikolaj Ehlers, second from left, celebrates a power play goal with teammates in October. The Jets have been pedestrian at best with the man advantage since Ehlers was injured in late November. In three of the four Winnipeg losses — in Vegas (the game Ehlers got hurt), in Dallas and on Sunday at home against Columbus — the score was tied in the third period, the outcome still very much up for grabs. Those are ones where a game-breaker like Ehlers can be so valuable. Instead, the Jets came away with nothing. Might they have been able to snatch a victory or two along the way if Ehlers was in the lineup? We’ll never know, but it certainly would have increased their odds. Ehlers, 28, was off to a terrific start and on track to have the best season of his now decade-long career, with 25 points (9G, 16A) in his first 24 games. He’s never been a point-per-game player, coming closest during the COVID-impacted campaign in 2021 with 46 points (21G, 25A) in 47 games. When he’s healthy — and that’s unfortunately been an issue now in parts of five different years even though he did play all 82 last year — Ehlers is as dynamic as they come, with a mix of speed and skill and savvy instinct that is hard to replace. Impossible, really. When it comes to the power play, Ehlers was feasting in the “pop” position and was a major reason the Jets had the No. 1 unit in the league. Without him, those numbers have taken a hit as they often struggle even to gain entry into the offensive zone and get set up. 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. Cole Perfetti has replaced him on the top unit and simply doesn’t have the experience, nor the speed, to replicate what he does. Ehlers is never afraid to shoot the puck, either, and the Jets have been guilty of over-passing and trying to get too cute at times in his absence. At five-on-five, Brad Lambert was summoned from the Manitoba Moose to take Ehlers’ spot beside Perfetti and Vlad Namestnikov. Although he showed some promising glimpses — the dynamic Lambert might be the closest thing the Jets have to a reasonable facsimile of Ehlers — the 20-year-old didn’t record a point in four games and was sent back to the AHL on Monday afternoon. Nikita Chibrikov, 21, was called up to take his spot, and the Moose’s leading scorer (13 points in 19 games) appears next in line to try to help fill the void. Ehlers is in the final year of his seven-year, US$42-million contract and set to become an unrestricted free agent next July 1. A compelling argument can be made that seeing how the team looks without him lately has increased his value. No doubt his agent will have that mindset. Paul Vernon / The Associated Press files Before his injury, Ehlers was off to a terrific start this season with 25 points in his first 24 games. A multi-game stretch without Ehlers in November and December is one thing. Are the Jets prepared to absorb his loss for good? If so, how? It’s impossible to predict how this might play out. Other drafted-and-developed core players such as Mark Scheifele, Connor Hellebuyck, Josh Morrissey and Kyle Connor never got to the point of playing a single game in their pending UFA seasons as they inked lengthy contract extensions. In that sense, has this already reached the point of no return for Ehlers, the ninth-overall pick from 2014? The Jets did lock up trade addition Nino Niederreiter last December after he’d played a couple months in the final year of his deal, so perhaps that could happen with Ehlers. It’s also possible the Jets simply let this play out, the way they did with defenceman Dylan DeMelo last year, and then re-engage before he can hit the open market. Of course, you need two to tango, and there’s no telling how Ehlers feels about all of this. He’s brushed off questions since training camp about the issue and clearly has no interest in discussing it publicly. One thing is clear: With the salary cap set to rise significantly, Winnipeg should have no problems finding a way to make the money work. With the Jets still in great shape at 20-9-0 overall, we can probably rule out moving Ehlers at the trade deadline, the way they did with UFA Andrew Copp a few seasons ago when they were not in the playoff race. The worst-case scenario here is they use him as their own “rental,” even if it ultimately means getting no assets in return should he eventually sign with another club. Ehlers has plenty of company, as forwards Namestnikov, Mason Appleton and Alex Iafallo and defencemen Neal Pionk, Haydn Fleury and Dylan Coghlan are also pending UFAs. If nothing else, that’s a lot of motivated skaters who are playing for their next contracts. The good news for the Jets is their sizzling start to the year, winning 15 of the first 16 games, gave them plenty of cushion to absorb some bumps along the way such as the temporary loss of Ehlers, who went down awkwardly after trying to hit Golden Knights forward Pavel Dorofeyev on Nov. 30. There’s also hope that his absence won’t extend much longer. Initially listed as day-to-day, he was placed on injured reserve last week but is eligible to come off at any time now. Following the 4-1 defeat to the Blue Jackets to open a four-game homestand, coach Scott Arniel was asked by the for an update. Paul Vernon / The Associated Press files Ehlers, centre, celebrates a goal with linemates Cole Perfetti and Vlad Namestnikov. Ehlers is in the final year of his seven-year contract with the Jets and set to become an unrestricted free agent on July 1, 2025. “There’ll be a chance he might be skating this week. We’ll see,” he said. “Good chance he’ll be out on the ice this week.” The Jets took Monday off after a busy stretch which saw them play 10 times over a 17-day stretch. In addition to losing Ehlers, shutdown defenceman Dylan Samberg also suffered a broken foot and is out at least another couple of weeks, while the likes of Scheifele, Namestnikov and DeMelo have been playing through various ailments. With just three games now over an eight-day span, it’s a good chance to rest up and hopefully heal up. The Jets will return to the ice on Tuesday as they host the Boston Bruins. Might Ehlers be ready to at least take a twirl at the morning skate? Winnipeg also has practices set for Wednesday and Friday this week in between games against Vegas (Thursday) and the Montreal Canadiens (Saturday). Absence makes the heart grow fonder, and the Jets (and their fans) should certainly be pining for the speedy return of the guy known as “Fly.” mike.mcintyre@freepress.mb.ca X and Bluesky: @mikemcintyrewpg Mike McIntyre is a sports reporter whose primary role is covering the Winnipeg Jets. After graduating from the Creative Communications program at Red River College in 1995, he spent two years gaining experience at the before joining the in 1997, where he served on the crime and justice beat until 2016. . Every piece of reporting Mike produces is reviewed by an editing team before it is posted online or published in print — part of the ‘s tradition, since 1872, of producing reliable independent journalism. Read more about , and . Our newsroom depends on a growing audience of readers to power our journalism. If you are not a paid reader, please consider . Our newsroom depends on its audience of readers to power our journalism. 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TEANECK, N.J. , Nov. 22, 2024 /PRNewswire/ -- GC Biopharma USA , the commercial operations and distribution company of GC Biopharma, has announced the appointment of industry veteran, Sean Zam , to its senior leadership team as Head of Sales and Marketing. He comes to GC Biopharma USA with a wealth of experience in the pharmaceutical industry, including extensive experience in plasma therapeutics. Sean has a proven track record of growing business and building lasting partnerships for companies such as Grifols, AstraZeneca, and Pfizer. Lisa Betts , Chief Operating Officer at GC Biopharma USA , says the following about Sean: "He's everything we'd hoped to find in a sales and marketing leader. He's authentic, earnest, experienced, and passionate about the IG industry. His core values align perfectly with the unique leadership team we are building." Sean shares his excitement: "When I joined the GC Biopharma USA leadership team, I was inspired by how differently they approach the business. It's not just about business; it's about relationships and the communities they serve. It was something I knew I wanted to be a part of." He adds: "I'm always struck by the strength and resourcefulness of patients who take the initiative to find answers, especially those living with rare diseases. It propels me to push harder. That's partly why I joined this growing team. It's a great opportunity to have a real impact." Sean Zam's appointment further contributes to GC's vision of establishing excellence within its US-based operations. About GC Biopharma GC Biopharma USA , headquartered in Teaneck, NJ , established its sales, marketing, and business operations in 2018 to serve customers and patients throughout the US. Our foundation is built on the expertise of our parent company GC Biopharma, a leading biopharmaceutical company delivering plasma therapies and vaccines worldwide for more than 50 years. With GC Biopharma USA , GC Biopharma will further extend its footprint, bringing its expertise and legacy to the US. This press release may contain forward-looking statements that express the current beliefs and expectations of the management at GC Biopharma and GC Biopharma USA . Such views do not represent any guarantee by either entity or its government of future performance and involve known and unknown risks, uncertainties, and other factors. GC Biopharma and GC Biopharma USA undertake no obligation to update or revise any forward-looking statement contained in this press release or any other forward-looking statements they may make, except as required by law or stock exchange rule. ©2024 GC Biopharma USA , Inc. All rights reserved. All trademarks are the property of their respective owners. ALY-C-0074 11/2024 View original content to download multimedia: https://www.prnewswire.com/news-releases/sean-zam-named-head-of-sales-and-marketing-at-gc-biopharma-usa-302314539.html SOURCE GC Biopharma USA Inc.Twin Cities-based H.B. Fuller expands its medical adhesives business with two acquisitions
Consumers in the United States scoured the internet for online deals as they looked to take advantage of the post-Thanksgiving shopping marathon with Cyber Monday. Even though e-commerce is now part and parcel of many people's regular routines and the holiday shopping season, Cyber Monday — a term coined in 2005 by the National Retail Federation — has become the biggest online shopping day of the year, thanks to the deals and the hype the industry has created to fuel it. Adobe Analytics, which tracks online shopping, expected consumers to spend $13.2 billion Monday — a record, and 6.1% more than last year. That would make it the biggest shopping day for e-commerce for the season — and the year. Online spending was expected to peak between the hours of 8 p.m. and 10 p.m. on Monday night, per Adobe — reaching an estimated $15.7 million spent every minute. For several major retailers, a Cyber Monday sale is a dayslong event that began over the Thanksgiving weekend. An Amazon Prime delivery person lifts packages while making a stop Nov. 28, 2023, in Denver. Amazon kicked off its sales event right after midnight Pacific time on Saturday. Target's two days of discount offers on its website and app began overnight Sunday. Walmart rolled out its Cyber Monday offers for Walmart+ members Sunday afternoon and opened it up to all customers three hours later, at 8 p.m. Eastern time. Consumer spending for Cyber Week — the five major shopping days between Thanksgiving and Cyber Monday — provides a strong indication of how much shoppers are willing to spend for the holidays. Many U.S. consumers continue to experience sticker shock after the period of post-pandemic inflation, which left prices for many goods and services higher than they were three years ago. But retail sales nonetheless remain strong, and the economy kept growing at a healthy pace. At the same time, credit card debt and delinquencies are rising. More shoppers than ever are also on track to use "buy now, pay later" plans this holiday season, which allows them to delay payments on holiday decor, gifts and other items. Many economists also warned that President-elect Donald Trump's plan to impose tariffs next year on foreign goods coming into the United States would lead to higher prices on everything from food to clothing to automobiles. A FedEx delivery person carries a package from a truck Nov. 17, 2022, in Denver. The National Retail Federation expects holiday shoppers to spend more this year both in stores and online than last year. But the pace of spending growth will slow slightly, the trade group said, growing 2.5% to 3.5% — compared to 3.9% in 2023. A clear sense of consumer spending patterns during the holiday season won't emerge until the government releases sales data for the period, but some preliminary data from other sources shows some encouraging signs for retailers. Vivek Pandya, lead analyst at Adobe Digital Insights, noted that discounts from Thanksgiving onward "exceeded expectations" and online spending throughout Cyber Week is on track to cross a record $40 billion mark combined. U.S. shoppers spent $10.8 billion online on Black Friday, a 10.2% increase over last year, according to Adobe Analytics. That's also more than double what consumers spent in 2017, when Black Friday pulled in about $5 billion in online sales. Consumers also spent a record $6.1 billion online on Thanksgiving Day, Adobe said. Meanwhile, software company Salesforce, which also tracks online shopping, estimated that Black Friday online sales totaled $17.5 billion in the U.S. and $74.4 billion globally. Mastercard SpendingPulse, which tracks in-person and online spending, reported that overall Black Friday sales excluding automotive rose 3.4% from a year ago. A United Parcel Service driver sorts deliveries July 15, 2023, on New York's Upper West Side. E-commerce platform Shopify said its merchants raked in a record $5 billion in sales worldwide on Black Friday. At its peak, sales reached $4.6 million per minute — with top categories by volume including clothing, cosmetics and fitness products, according to the Canadian company. Toys, electronics, home goods, self-care and beauty categories were among the key drivers of holiday spending on Thanksgiving and Black Friday, according to Adobe. "Hot products" included Lego sets, espresso machines, fitness trackers, makeup and skin care. Other data showed physical stores saw fewer customers on Black Friday, underscoring how the huge crowds that were once synonymous with the day after Thanksgiving are now more than happy to shop from the comfort of their homes. RetailNext, which measures real-time foot traffic in stores, said its early data showed store traffic on Friday was down 3.2% in the U.S. compared to last year, with the biggest dip happening in the Midwest. Sensormatic Solutions, which also tracks store traffic, said its preliminary analysis showed retail store traffic on Black Friday was down 8.2% compared to 2023. Grant Gustafson, head of retail consulting and analytics at Sensormatic Solutions, noted that in-store traffic was getting spread across multiple days since many retailers offered generous discounts before and after Black Friday. "Some of the extended Black Friday promotions really ended up leading to a little bit of a softer day-of traffic than expected," Gustafson said. In 2024, staying small on purpose seems to be paying off big for small businesses. They're keeping operations small and targeting niche, highly specialized customers. And some business owners find this strategy results in more time, energy, and money to intentionally capitalize on unique, small cap opportunities. The data tells the story of growth in small businesses for the year. According to NEXT , the Small Business Administration (SBA) reports awarding 38,000 SBA 7(a) loans under $150,000: double the amount they awarded in 2020. Here are the related small-business trends paying off in 2024. Commercial real estate agent Ryan Beckenhauer of Market Real Estate in Boulder, Colorado, has noticed that small businesses are growing smaller, and that their office and warehouse spaces are starting to reflect that as they shop for business space. In commercial real estate, many small business owners gravitate toward industrial condos and other flexible spaces. These are small-scale industrial spaces with a 90:10 or 80:20 split of warehouse to office. "More individuals are leveraging skills acquired at larger organizations to venture out on their own," explains Beckenhauer. And he goes on to say that they don't need a large commercial space as they make that leap to start a business. His clients include engineers, consultants, builders and other tradespeople. Beckenhauer's clients like the flexibility of being out of an office and being close to their inventory and workshop space. "The clients want to see and touch the finishes," he says. Small business owners both rent or buy these spaces. But he's seeing his clients opt to own industrial condos to stabilize costs due to rent increases in Boulder. And because these spaces are smaller, it can be easier for new buyers to qualify for financing. Mariana Alvarez, owner of Controller Works , an online bookkeeping and advisory firm, has noticed that small business owners outsource financial support services because they don't want to increase headcount. "Outsourcing gives them the possibility of having access to the knowledge and the skills of a CFO without having to pay for the salary," she says. "They don't have to manage or deal with the workload, employment taxes , and all that comes with it," says Alvarez. Additionally, many small business owners in fields like construction are family-owned, and this makes it easier for business owners to hand off delicate financial work to a trusted person with financial experience. Every small business has recurring tasks that can benefit from some level of artificial intelligence automation . And Alvarez sees a lot of value in using AI for small business bookkeeping. She explains that you can automate the data entry on Quickbooks. "When you create rules, as long as you create the rules correctly, it pretty much does itself," says Alvarez. From there, you can lean on financial experts to help you analyze the data and make more informed decisions. She uses AI as a background resource when guiding her accounting clients. "I believe that we still need the human-to-human interaction that comes with more perspective for financial analysis," she explains. According to the SBA , 77% of consumers feel that human interaction is still required for a positive customer experience. People turn to small businesses every day for a human experience. According to Arvind Rongala, CEO of Edstellar , small business workers can show up for their customers but still use AI for routine tasks like customer queries. "This balance allows companies to scale their operations without losing the personal touch that makes them unique. It's important to remember that AI isn't there to replace the human element—it's there to enhance it," he says. "By really focusing on one very small weakness that Amazon has, I've been able to carve out a successful business by offering something different," says Lou Harvey owner of Tank Retailer , a retailer of commercial water and fuel tanks. "When you read our customer reviews, many of them actually mention me by name because of how much we focus on customer service and go the extra mile." One of Harvey's most successful business strategies this year has been to lean into his small, niche market and offer the kind of customer experience that large retailers like Amazon don't. "Any small weaknesses that Amazon has (however small those weaknesses may be) needs to become a strength of a smaller business focusing on a niche market," says Harvey. Harvey has his company's customer service phone number front and center on the website to help earn customer trust. "I prominently feature our phone number, and a real person always answers the phone (usually it's me)," says Harvey. Lucie Voves, CEO and founder of Church Hill Classics , an online, woman-owned diploma framing company that uses sustainable materials, has noticed an uptick in customers seeking services from a business on a mission. "This year, we've seen a growing inclination for consumers to actively seek out and support small businesses owned by women and minorities," says Voves. When consumers shop small, they choose to make their dollars count. "Customers are fueled by a desire to promote social impact through purchasing power," says Voves. Long gone are the days of online retailers "building it and they will come." In 2024 we've seen more small businesses than ever turn to social commerce to sell directly on social media platforms like Instagram Shopping , Facebook Marketplace , and TikTok . Small business owners are turning toward influencers, social media ads, and organic content to target their customers. Mike Vannelli of Envy Creative creates online ads for businesses, and he has seen his clients succeed on TikTok of late. "I've seen businesses, especially in retail, use TikTok's short-form video format to make their products go viral. Think of it as word-of-mouth marketing on steroids," says Vannelli. He uses the platform's algorithm to push a company's content to the right audiences, and it works because TikTok loves storytelling. "I know small brands that use behind-the-scenes videos, customer testimonials, and even playful challenges that tap into trends to humanize their products and build trust," explains Vannelli. To stand out on TikTok, he says, smaller brands need to embrace authenticity and emotional connection. Show your team, share your journey, and involve your community in content creation. This story was produced by NEXT and reviewed and distributed by Stacker. Get the latest local business news delivered FREE to your inbox weekly.
$1 million per homer? $27,000 a point? $229 per second? Sports is loaded with money oddities If Juan Soto replicates his 2024 performance throughout his $765 million, 15-year deal with the Mets, he'll make roughly $1.2 million for every home run he hits. He's hardly the only superstar athlete earning outrageous sums for each of his accomplishments. Some NFL quarterbacks make more than $3 million per game. Stephen Curry could make roughly $161,000 per 3-pointer. This past regular season, Lionel Messi earned $229 for every second he was on the field with Inter Miami. Is the College Football Playoff bracket fair? Here are some tweaks that would have changed things The committee that chose the 12 contenders for college football’s national title was only worried about ranking the teams. Where those teams landed in the bracket was based on a formula created by conference commissioners. That jumbled up the pairings and made a strong case for tinkering in the future. Some possible tweaks, like reseeding after the first round or not giving conference champions automatic byes, would have resulted in a vastly different tournament this year, Belichick says he's had 'good conversations' with UNC chancellor amid Tar Heels' coaching search Former New England Patriots coach and six-time Super Bowl champion Bill Belichick says he had “a couple of good conversations” with North Carolina Chancellor Lee Roberts amid his discussions about the Tar Heels’ head-coaching job. Belichick appeared on ESPN's “The Pat McAfee Show" on Monday. He said he had spent the 11 months since his departure from the Patriots taking a “longer look” at the college level. He said he had learned a lot and had “a couple of good conversations" with Roberts. UNC fired the program's all-time winningest coach in Mack Brown last month. Cowboys set to host Bengals under open roof after falling debris thwarted that plan against Texans ARLINGTON, Texas (AP) — The roof at the home of the Dallas Cowboys has opened without incident and will stay that way for a Monday night meeting with the Cincinnati Bengals. It will be the first game with the roof open at AT&T Stadium since Oct. 30, 2022. The roof was supposed to be open three weeks ago for Houston’s 34-10 victory on another Monday night. A large piece of metal and other debris fell roughly 300 feet to the field as the retractable roof was opening. The roof was then closed for that game. Tennessee grabs No. 1 in AP Top 25 after shakeup; No. 3 Iowa State has highest ranking since 1950s Tennessee is the new No. 1 in men's college basketball after a massive shakeup in the AP Top 25. The Vols are No. 1 for the first time since the 2018-19 season. Auburn remained No. 2 and No. 3 Iowa State has its highest ranking since 1956-57. Kentucky rounds out the top five. Tennessee is off to its best start since opening the 2000-01 season 9-0. Georgia QB Carson Beck's status for Sugar Bowl uncertain as he considers treatment options on elbow ATLANTA (AP) — Quarterback Carson Beck’s status for No. 2 Georgia’s Sugar Bowl College Football Playoff quarterfinal is uncertain after he suffered an elbow injury in Saturday’s Southeastern Conference championship game win over Texas. Georgia announced Monday there is no timetable on Beck’s return as he and his family explore treatment options. Georgia coach Kirby Smart said Sunday the team was awaiting results of tests. The school did not announce details of the injury. Punter Brett Thorson will need season-ending surgery after injuring his non-kicking leg. Backup Gunner Stockton likely would start in the Sugar Bowl if Beck is unable to play. Another final-second victory puts the Chiefs in prime spot to secure AFC's No. 1 seed: Analysis A thunderous doink helped the Kansas City Chiefs gain some breathing room in the race for the No. 1 seed in the AFC after the Buffalo Bills fell short despite Josh Allen’s spectacular performance. The fight for the top spot in the NFC stayed close as the Minnesota Vikings and Philadelphia Eagles kept pace with the Detroit Lions. Four weeks remain in the NFL regular season to determine the playoff picture. There’s a clear leader in the fight for the AFC’s bye. The two-time defending Super Bowl champion Chiefs are 12-1 and in excellent position to secure home-field advantage throughout the playoffs after a 19-17 win with a last-second field goal over the Los Angeles Chargers. No. 19 Tennessee back in women's AP Top 25 after year out of poll; UCLA, UConn remain 1-2 Tennessee is back in the AP Top 25 at No. 19, ending the school’s longest drought in the 48-year history of the women’s basketball poll. The Lady Vols (7-0) had not been ranked since Nov. 27, 2023, a span of 22 polls. Since the rankings began in 1976, Tennessee has been in the Top 25 in 779 of 870 total weeks. UCLA, UConn and South Carolina remain the top three teams and Oklahoma has cracked the top 10. Georgia Tech and N.C. State entered the rankings while Illinois, Louisville and Alabama fell out. College football transfer portal opens as Oklahoma's Arnold, other top players look for a move The college football transfer portal has opened a day after the inaugural 12-team College Football Playoff field was released. The portal period closes on Dec. 28. Oklahoma QB Jackson Arnold, Texas State running back Ismail Mahdi, Miami (Ohio) wide receiver Reggie Virgil and Ohio State QB Devin Brown were among the first players who entered the portal. The sophomore Arnold passed for 1,984 yards with 16 touchdowns and six interceptions and ran for 560 yards and four scores at Oklahoma. Mahdi led the nation with 2,169 all-purpose yards last season. Brown entered the transfer portal after three years as a backup. Saquon Barkley is chasing Eric Dickerson's NFL season rushing record. Can he do it? PHILADELPHIA (AP) — Philadelphia Eagles running back Saquon Barkley is closing in on the NFL season rushing record. Barkley set the Eagles' franchise record when he rushed for 124 yards and pushed his season total to 1,623 yards in a win against Carolina. Barkley also maintained his pace to break Eric Dickerson’s NFL single-season rushing record of 2,105 yards, set in 1984 with the Los Angeles Rams. Barkley is averaging 124.8 yards per game. At that pace and with one more game to play than Dickerson had, Barkley would become the top single-season rusher in NFL history. He needs 483 yards over the final four games to top Dickerson’s 40-year-old record. Barkley is on pace for 2,122 yards, just 17 yards beyond Dickerson’s 2,105 total.
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Fiscal Third Quarter Total Revenues of $2.160 Billion , Up 15.8% Year Over Year Subscription Revenues of $1.959 Billion , Up 15.8% Year Over Year PLEASANTON, Calif. , Nov. 26, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money , today announced results for the fiscal 2025 third quarter ended October 31, 2024. Fiscal 2025 Third Quarter Results 1 See the section titled "About Non-GAAP Financial Measures" in the accompanying financial tables for further details. Comments on the News "Workday's solid performance in Q3 reflects the trust our customers place in us across industries, the global momentum around our AI-driven innovations, and the strength of our partner ecosystem," said Carl Eschenbach , CEO, Workday. "Organizations are increasingly consolidating on the Workday platform to reduce total cost of ownership, simplify their operations, and to unlock the power of our best-in-class AI solutions. Workday gives them the ultimate advantage – and that positions our business for long-term success." "In Q3, we once again made good progress across a number of our key growth areas," said Zane Rowe , CFO, Workday. "Looking ahead, we expect fiscal 2025 subscription revenue of $7.703 billion , growth of 17%, and fiscal 2025 non-GAAP operating margin of 25.5%. We are focused on executing in our seasonally strongest quarter, as we lay the foundation for durable, profitable growth at scale." Recent Highlights 1 Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises, Ranadip Chandra, Sam Grinter, Ron Hanscome, Chris Pang, Anand Chouksey, Josie Xing, Harsh Kundulli, David Bobo, Laura Gardiner, Hiten Sheth, Emi Chiba, Travis Wickesberg, and Michelle Shapiro, 23 October 2024. 2 Gartner Magic Quadrant for Cloud ERP for Service-Centric Enterprises, Robert Anderson, Denis Torii, Sam Grinter, Naveen Mahendra, Tomas Kienast, Johan Jartelius, 4 November 2024. 3 Gartner Magic Quadrant for Financial Planning Software, Regina Crowder, Vaughan Archer, Matthew Mowrey, Michelle Carlsen, 18 November 2024. Financial Outlook Workday is providing guidance for the fiscal 2025 fourth quarter ending January 31, 2025 as follows: Workday is updating its guidance for the fiscal 2025 full year ending January 31, 2025 as follows: 1 The Company has not provided a reconciliation of its forward outlook for non-GAAP operating margin with its forward-looking GAAP operating margin in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. The Company is unable to predict with reasonable certainty the amount and timing of adjustments that are used to calculate this non-GAAP financial measure, particularly related to stock-based compensation and its related tax effects, acquisition- related costs, and realignment costs. Earnings Call Details Workday plans to host a conference call today to review its fiscal 2025 third quarter financial results and to discuss its financial outlook. The call is scheduled to begin at 1:30 p.m. PT / 4:30 p.m. ET and can be accessed via webcast . The webcast will be available live, and a replay will be available following completion of the live broadcast for approximately 90 days. Workday uses the Workday Blog as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. About Workday Workday is a leading enterprise platform that helps organizations manage their most important assets – their people and money . The Workday platform is built with AI at the core to help customers elevate people, supercharge work, and move their business forever forward. Workday is used by more than 10,500 organizations around the world and across industries – from medium-sized businesses to more than 60% of the Fortune 500. For more information about Workday, visit workday.com . © 2024 Workday, Inc. All rights reserved. Evisort, Workday, and the Workday logo are registered trademarks of Workday, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders. Forward-Looking Statements This press release contains forward-looking statements including, among other things, statements regarding Workday's fourth quarter and full-year fiscal 2025 subscription revenue and non-GAAP operating margin, growth, momentum, and innovation. These forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to: (i) breaches in our security measures or those of our third-party providers, unauthorized access to our customers' or other users' personal data, or disruptions in our data center or computing infrastructure operations; (ii) service outages, delays in the deployment of our applications, and the failure of our applications to perform properly; (iii) privacy concerns and evolving domestic or foreign laws and regulations; (iv) the impact of continuing global economic and geopolitical volatility on our business, as well as on our customers, prospects, partners, and service providers; (v) any loss of key employees or the inability to attract, train, and retain highly skilled employees; (vi) competitive factors, including pricing pressures, industry consolidation, entry of new competitors and new applications, advancements in technology, and marketing initiatives by our competitors; (vii) our reliance on our network of partners to drive additional growth of our revenues; (viii) the regulatory, economic, and political risks associated with our domestic and international operations; (ix) adoption of our applications and services by customers and individuals, including any new features, enhancements, and modifications, as well as our customers' and users' satisfaction with the deployment, training, and support services they receive; (x) the regulatory risks related to new and evolving technologies such as AI and our ability to realize a return on our development efforts; (xi) our ability to realize the expected business or financial benefits of any acquisitions of or investments in companies; (xii) delays or reductions in information technology spending; and (xiii) changes in sales, which may not be immediately reflected in our results due to our subscription model. Further information on these and additional risks that could affect Workday's results is included in our filings with the Securities and Exchange Commission ("SEC"), including our most recent report on Form 10-Q or Form 10-K and other reports that we have filed and will file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by law. Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday's discretion and may not be delivered as planned or at all. Customers who purchase Workday services should make their purchase decisions based upon services, features, and functions that are currently available. Workday, Inc. Condensed Consolidated Balance Sheets (in millions) (unaudited) October 31, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 1,311 $ 2,012 Marketable securities 5,846 5,801 Trade and other receivables, net 1,404 1,639 Deferred costs 244 232 Prepaid expenses and other current assets 273 255 Total current assets 9,078 9,939 Property and equipment, net 1,263 1,234 Operating lease right-of-use assets 335 289 Deferred costs, noncurrent 490 509 Acquisition-related intangible assets, net 383 233 Deferred tax assets 1,031 1,065 Goodwill 3,479 2,846 Other assets 365 337 Total assets $ 16,424 $ 16,452 Liabilities and stockholders' equity Current liabilities: Accounts payable $ 74 $ 78 Accrued expenses and other current liabilities 323 287 Accrued compensation 476 544 Unearned revenue 3,447 4,057 Operating lease liabilities 102 89 Total current liabilities 4,422 5,055 Debt, noncurrent 2,983 2,980 Unearned revenue, noncurrent 64 70 Operating lease liabilities, noncurrent 278 227 Other liabilities 53 38 Total liabilities 7,800 8,370 Stockholders' equity: Common stock 0 0 Additional paid-in capital 11,115 10,400 Treasury stock (1,208) (608) Accumulated other comprehensive income (loss) 16 21 Accumulated deficit (1,299) (1,731) Total stockholders' equity 8,624 8,082 Total liabilities and stockholders' equity $ 16,424 $ 16,452 Workday, Inc. Condensed Consolidated Statements of Operations (in millions, except number of shares which are reflected in thousands and per share data) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Revenues: Subscription services $ 1,959 $ 1,691 $ 5,678 $ 4,843 Professional services 201 175 557 494 Total revenues 2,160 1,866 6,235 5,337 Costs and expenses (1) : Costs of subscription services 329 264 924 759 Costs of professional services 201 181 606 552 Product development 647 619 1,952 1,829 Sales and marketing 620 538 1,804 1,581 General and administrative 198 176 609 512 Total costs and expenses 1,995 1,778 5,895 5,233 Operating income (loss) 165 88 340 104 Other income (expense), net 62 41 178 114 Income (loss) before provision for (benefit from) income taxes 227 129 518 218 Provision for (benefit from) income taxes 34 15 86 25 Net income (loss) $ 193 $ 114 $ 432 $ 193 Net income (loss) per share, basic $ 0.73 $ 0.43 $ 1.63 $ 0.74 Net income (loss) per share, diluted $ 0.72 $ 0.43 $ 1.61 $ 0.73 Weighted-average shares used to compute net income (loss) per share, basic 265,411 262,153 265,062 260,747 Weighted-average shares used to compute net income (loss) per share, diluted 268,549 266,377 268,936 264,087 (1) Costs and expenses include share-based compensation expenses as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Costs of subscription services $ 35 $ 30 $ 108 $ 90 Costs of professional services 28 29 86 87 Product development 162 162 498 494 Sales and marketing 78 65 226 212 General and administrative 65 63 204 188 Total share-based compensation expenses $ 368 $ 349 $ 1,122 $ 1,071 Workday, Inc. Condensed Consolidated Statements of Cash Flows (in millions) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cash flows from operating activities: Net income (loss) $ 193 $ 114 $ 432 $ 193 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:What we know about Luigi Mangione, person of interest in UnitedHealthcare CEO's murder
NoneThe U.S. Supreme Court dismissed Meta 's appeal on Friday to block a multibillion-dollar class-action investors' lawsuit. The high court, who heard arguments in the case earlier this month, left in place an appellate ruling allowing the case to move forward. Meta spokesman Andy Stone expressed the company's disappointment in the Supreme Court's decision. "The plaintiff's claims are baseless and we will continue to defend ourselves as this case is considered by the District Court," Stone said in an emailed statement to The Associated Press. Why Are Investors Suing Meta? Investors allege that Meta, the parent company of Facebook and Instagram , did not fully disclose the risks that Facebook users' personal information would be misused by Cambridge Analytica, a political consulting firm that supported now-President-elect Donald Trump 's first successful presidential run in 2016. Inadequacy of the disclosures led to two significant Meta stock price drops in 2018 after the public learned about the extent of this privacy scandal, the investors allege. Meta has already paid a $5.1 billion fine and reached a $725 million privacy settlement with its users. What Did Cambridge Analytica Do? Cambridge Analytica—which had ties to Steve Bannon , former White House Chief Strategist under Trump's first administration—had reportedly paid a Facebook app developer for access to the personal information of roughly 87 million Facebook users. This information was then reportedly used to target U.S. voters during the 2016 election cycle. When the Cambridge Analytica scandal broke, Facebook CEO Mark Zuckerberg , apologized for a "major breach of trust." "I am really sorry that happened," Zuckerberg said of the scandal during a CNN interview in March 2018. He said that Facebook has a "responsibility" to protect its users' data, adding that if the social media platform fails to do so, "we don't deserve to have the opportunity to serve people." Facebook rebranded to Meta in October 2021. Zuckerberg is the founder, chairman and CEO of Meta. Class Action Lawsuit Against Nvidia Nvidia, a manufacturer of chips used in artificial intelligence technology, is also involved in a class-action lawsuit. Investors allege the company misled them about its dependence on selling computer chips for the mining of cryptocurrency, a volatile digital or virtual currency. The tech company has asked the Supreme Court to appeal a lower court's decision to allow the lawsuit to continue. The high court heard arguments in the case earlier this month and has yet to issue a ruling. This article includes reporting from The Associated Press.
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There is no problem with Taiwanese President Lai Ching-te visiting Hawaii, Guam, Marshall Islands, Tuvalu, and Palau as tensions between the United States and China continue to brew, according to the Commonwealth of Northern Mariana Islands (CNMI) delegate to the US Congressman Gregorio Sablan. "Look, Taiwan's president is visiting countries in the region that support Taiwan. I don't find anything wrong with that. The United States is part of that. We support Taiwan," he said. Before heading to Guam, Lai already visited Hawaii, Marshall Islands, and Tuvalu, and also has plans to a make a final stopover to Palau. Tuvalu, Marshall Islands, and Palau are three Pacific Island countries that are among 12 other governments that recognise Taiwan diplomatically. "Taiwan's three allies and US stops we are making stopovers share the same universal values with Taiwan which is democracy, freedom, and human rights," Lai said while addressing CNMI and Guam stakeholders during a luncheon at the Grand Hyatt Guam. "We are all partners working together to contribute to the peace and stability of the world. That is why every person I have met during the trip whether it was a handshake or a hug, we encouraged each other I felt deeply connected to them," he said. Lai added visiting the Marianas, as well as Palau, Tuvalu, and the Marshalls, in a way, also reconnects Taiwan to their fellow Austronesian brethren in the Pacific. "This is my first official overseas trip since my inauguration on May 20, we are making a trip to our diplomatic allies. "The three Pacific allies we're visiting and the places we are making stopovers at share the same Austronesian roots with Taiwan, so we are one big family. Everywhere I go during this trip, I feel deeply connected to the local people." CNMI Governor Arnold Palacios, who flew to Guam to attend the luncheon along with members of the CNMI Leguislature, expressed his gratitude that he was invited to join the historic occasion. "It is indeed an honor for us to join Governor Lou Guerrero in honoring President Lai to the Mariana Islands. We share a distinct identity with the people of Guam with the only difference being politically," he said. "But we are all Americans. We share a distinct common value with Taiwan. That is democracy, friendship, cultural similarities, changes and we look forward to an enduring relationship despite the geopolitical environment we now live in. We continue to support Taiwan in making sure that our democracy across the region continues and endures." Leon Guerrero said the theme of Lai's Pacific trip, "Smart and Sustainable Developments for a Prosperous Austronesian Region," is one that deeply aligns with the goals and vision of her own people." "Like you, we recognise the importance of innovations and sustainability as key drivers of prosperity, particularly for island nations whose livelihoods are intertwined with the health of our environment and the strength of our communities. She said as small islands navigating a vast and complex world, "our strength lies in unity." "Like a school of fish moving in synchronized harmony, we are more resilient and agile when we work together. Together we can overcome challenges and seize opportunities propelling our region toward a more sustainable and prosperous future. "As leaders, we are entrusted with the responsibility to uplift our people. To provide quality of life to our people, to empower our communities and ensure that progress is inclusive and enduring," she said. During the Guam luncheon, the CNMI Legislature also handed Lai a commemorative Senate and House resolution. It read that Lai has been a steadfast advocate for peace, stability, and democracy in the Indo-Pacific region, and a champion of human rights and fundamental freedoms, and his strong advocacy for democratic values and human rights aligns with the CNMI's own commitment to these principles. "The CNMI and Taiwan share a deep and enduring friendship built on shared values of democracy, freedom, and economic prosperity and the CNMI recognizes the important role that Taiwan plays in the global economy, particularly in the areas of technology. manufacturing. and healthcare," the resolution stated. It added that the CNMI reaffirms her strong support for Taiwan's participation in international organizations, including the World Health Organization (WHO), the International Civil Aviation Organization (ICAO), the International Criminal Police Organization (INTERPOL), and the United Nations Framework Convention on Climate Change (UNFCCO).
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NEW YORK , Nov. 22, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of Hasbro, Inc. (NASDAQ: HAS) between February 7, 2022 and October 25, 2023 , both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 13, 2025 . So what: If you purchased Hasbro common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. What to do next: To join the Hasbro class action, go to https://rosenlegal.com/submit-form/?case_id=31157 or call Phillip Kim, Esq. at 866-767-3653 or email case@rosenlegal.com for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 13 , 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. 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. 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. Details of the case: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements that represented the quality of inventory and the appropriateness of the levels of inventories carried by Hasbro and its retailers compared to customer demand. In truth, however, Hasbro had a significant buildup of inventory that it was struggling to manage and which far exceeded customer demand. As a result, defendants' statements about Hasbro's inventory, and what inventory levels reflected regarding demand, were materially false and misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Hasbro class action, go to https://rosenlegal.com/submit-form/?case_id=31157 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. 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/has-investors-have-opportunity-to-lead-hasbro-inc-securities-fraud-lawsuit-302314441.html SOURCE THE ROSEN LAW FIRM, P. A.