ubet63.ph Appoints Current Dana Director R. Bruce McDonald as Chairman and CEO Announces Plan to Sell Off-Highway Business Initiates $200 Million Cost Reduction Plan Confirms 2024 Full-Year Guidance Ranges for Sales, Adjusted EBITDA and Free Cash Flow MAUMEE, Ohio , Nov. 25, 2024 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced the appointment of R. Bruce McDonald , a member of the Dana Board of Directors, as Chairman and Chief Executive Officer, effective immediately. Mr. McDonald's appointment follows the retirement of James Kamsickas as Chief Executive Officer and his departure from the Board. Mr. Kamsickas will remain as an advisor to the Company through March 2025 to support the transition. The Board has retained a leading executive search firm to identify the Company's next permanent CEO. Keith Wandell , Dana's Lead Independent Director, said, "Jim is an exceptional leader with more than 18 years as a CEO in the industry. He led Dana through one of the industry's most challenging periods while successfully building a high-performance culture, enabling a world-class manufacturing company and assembling a portfolio of leading products and technologies. The Board and Jim agreed that now is the right time to transition the leadership of Dana, and we thank Jim for his many contributions over his nine years leading the Company and wish him all the best." Mr. Kamsickas said, "I am proud of the work the Dana team has done over the past decade to grow revenues and successfully enhance the technology to serve all mobility markets no matter what type of propulsion they may use. It has been an honor to lead this talented global team during that time and I am confident the Company is well positioned for the future." Mr. Wandell continued, "We continue to have confidence in the long-term opportunity in the mobility industry, however it is undergoing a significant transformation, including protracted cost pressures and demand uncertainty. To address these challenges and deliver more value to customers and shareholders, Dana is taking action to streamline the business, unlock the value of its Off-Highway business and further reduce costs. Bruce is an experienced public company CEO in our industry with significant M&A expertise, and we are confident that he is the right person to oversee this transformation while the Board conducts a search for a permanent successor." Plan to Sell Off-Highway Business Dana today also announced it has engaged financial advisors Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC to sell its Off-Highway business, which the Board believes will unlock substantial value for shareholders. The Off-Highway business provides drive and motion systems for heavy-duty vehicles in markets such as agriculture, materials handling, mining, construction and forestry. A sale will position Dana with a streamlined go-to-market approach focused on serving its light and commercial vehicle customers, with traditional and electrified products that are largely shared across the remaining portfolio. Proceeds from a potential sale will enable Dana to strengthen its balance sheet through substantially reduced leverage, and to return capital to shareholders. While the Company and its advisors believe there is strong interest in the Off-Highway business, there can be no assurance that the sale process for Off-Highway will result in a transaction. There is no timeframe for the conclusion of the process, and the Company does not intend to comment further regarding this matter unless and until further disclosure is determined to be appropriate. Cost Reduction Actions While Dana continues to improve its profitability in a challenging operating environment, the Company announced further actions to support sustained long-term profitability and enhanced cash flow generation. This includes substantial reductions in selling, general & administrative costs across all the Company's businesses and engineering expenses to match current industry dynamics, including the ongoing delay in the adoption of electric vehicles. The Company expects to deliver annualized savings of approximately $200 million by 2026. Furthermore, the Company plans to reduce capital spending to reflect the revised market demand for electric vehicles. Bruce McDonald , Chief Executive Officer said, "Dana is committed to a strategy that accelerates value creation and has taken action to flex its cost structure and generate efficiencies by leveraging its core strengths through current market conditions. It is clear that further actions are needed, and I am confident that the new incremental cost reductions, paired with the benefits of a potential Off-Highway sale, will enhance shareholder value. Following the Off-Highway business sale, we believe Dana will have an adjusted EBITDA margin and free cash flow margin in excess of current levels." Mr. McDonald continued, "Dana is differentiated by leading technology innovation and a track record of continuous improvement. My conviction in our businesses, the team and the opportunities to capitalize on the EV transition over the long term remain strong. I look forward to stepping into my new role as CEO at such an important time for Dana and will work diligently alongside the Board and management team to deliver on these actions and drive value for Dana shareholders." Reaffirms 2024 Full-Year Guidance Ranges Dana is also reaffirming its previously announced guidance ranges for sales of $10.2 to $10.4 billion , Adjusted EBITDA of $855 to $895 million and free cash flow of $90 to $110 million for full year 2024, as outlined in the Company's third quarter 2024 earnings announcement on October 30, 2024 . About R. Bruce McDonald R. Bruce McDonald is a senior executive with over 30 years of experience in the automotive and manufacturing industries and significant expertise. Mr. McDonald has been a member of the Dana Board of Directors since 2014. He is also the retired chairman and chief executive officer of Adient plc., a global mobility supplier. He previously served as executive vice president and vice chairman of Johnson Controls, Inc., a global manufacturer of automotive, power and building solutions from 2014 to 2016. Mr. McDonald also served as executive vice president and chief financial officer of Johnson Controls from 2005 to September 2014 . Before joining Johnson Controls as vice president and corporate controller in 2001, he was vice president for finance at TRW Automotive. Prior to his appointment as Chairman of the Board, Mr. McDonald served on Dana's Audit Committee and as chair of the Nominating and Corporate Governance Committee. Forward-Looking Statements Certain statements and projections contained in this news release are, by their nature, forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current expectations, estimates, and projections about our industry and business, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," and similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties, and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement. Dana's Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss important risk factors that could affect our business, results of operations and financial condition. The forward-looking statements in this news release speak only as of this date. Dana does not undertake any obligation to revise or update publicly any forward-looking statement for any reason. About Dana Incorporated Dana is a leader in the design and manufacture of highly efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The company is shaping sustainable progress through its conventional and clean-energy solutions that support nearly every vehicle manufacturer with drive and motion systems; electrodynamic technologies, including software and controls; and thermal, sealing, and digital solutions. Based in Maumee, Ohio , USA, the company reported sales of $10.6 billion in 2023 with 42,000 people in 31 countries across six continents. With a history dating to 1904, Dana was named among the "World's Most Ethical Companies" for 2023 and 2024 by Ethisphere and as one of "America's Most Responsible Companies 2023" by Newsweek. The company is driven by a high-performance culture that focuses on valuing others, inspiring innovation, growing responsibly, and winning together, earning it global recognition as a top employer. Learn more at dana.com . Craig Barber , +1-419-699-4990, craig.barber@dana.com View original content to download multimedia: https://www.prnewswire.com/news-releases/dana-announces-leadership-transition-and-actions-to-accelerate-value-creation-302315797.html SOURCE Dana IncorporatedTottenham forced to expedite squad revamp as another key man suffers injury

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Creditors approve proposed $32.5B deal with tobacco giants today: lawyer A proposed deal that would see three tobacco giants pay out billions to provinces and territories, as well as smokers across Canada, has been approved by the companies' creditors, a lawyer representing some of the creditors said Thursday, calling it Paola Loriggio, The Canadian Press Dec 12, 2024 3:26 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message A smoker puts out a cigarette in a public ash tray in Ottawa on May 31, 2016. THE CANADIAN PRESS/Sean Kilpatrick A proposed deal that would see three tobacco giants pay out billions to provinces and territories, as well as smokers across Canada, has been approved by the companies' creditors, a lawyer representing some of the creditors said Thursday, calling it an important milestone in a lengthy legal saga. The proposed $32.5-billion global settlement between the companies — JTI-Macdonald Corp., Rothmans, Benson & Hedges and Imperial Tobacco Canada Ltd. — and their creditors was announced in October after more than five years of negotiations. Representatives for the creditors, which include provincial governments seeking to recover smoking-related health-care costs as well as plaintiffs in two Quebec class-action lawsuits, voted on the plan in a virtual meeting Thursday afternoon. André Lespérance, who represents plaintiffs in one of the Quebec lawsuits, said creditors overwhelmingly supported the proposal. "We're not surprised, but we're glad the creditors are united right now to see this plan approved," he said in French. Before the plan can be implemented, it must obtain the approval of the court. A hearing has been scheduled for the end of January, and Lespérance said he's optimistic the proposed deal will clear that hurdle as well. "I think we're really close to the end," he said. Dominique Claveau, executive director of the Quebec Council on Tobacco and Health, which is part of the lawsuit, said they look forward to having the court "bring this long-fought battle for justice and truth to its conclusion." At least one of the companies has said it opposes the plan in its current form. The proposed deal includes $24 billion for provinces and territories, $4 billion for tens of thousands of Quebec smokers and their heirs, and more than $2.5 billion for smokers in other provinces and territories. It also includes more than $1 billion for a foundation to help those affected by tobacco-related diseases. The Canadian Cancer Society, which is a social stakeholder in the case, said Thursday it hopes the proposal will be amended before it's approved by the court. Rob Cunningham, the organization's lawyer, said the plan should include smoking-reduction measures and the release of confidential industry documents, similar to what was achieved in the United States decades ago. "There's a once-in-a-lifetime opportunity to better control the tobacco industry and to reduce tobacco use. We're never going to get this chance again," he said. The foundation funded through the proposed deal should also have its mandate expanded to include prevention of tobacco-related disease and public awareness efforts to help people quit smoking, said Manuel Arango, vice-president of policy and advocacy for Heart & Stroke. "We already have a lot of studies and a lot of knowledge about the treatment of tobacco-related disease," he said. "So it's really about looking forward and helping prevent tobacco-related disease in the future." The proposal is the culmination of a corporate restructuring process set off by a decades-long legal battle over the health effects of smoking. In 2015, a Quebec court ordered the three companies to pay about $15 billion in two class-action lawsuits involving smokers in the province who took up the habit between 1950 and 1998 and either fell ill or were addicted, or their heirs. Four years later, the landmark ruling was upheld by the province's Appeal Court. The companies then sought creditor protection in Ontario in order to negotiate a global settlement with their creditors. All of the legal proceedings against them were put on hold during the talks. That order has now been extended until Jan. 31, 2025. This report by The Canadian Press was first published Dec. 12, 2024. Paola Loriggio, The Canadian Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More The Mix San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo Dec 12, 2024 4:02 PM Movie Review: ‘Nickel Boys’ is a knockout, one of the most powerful films of the year Dec 12, 2024 3:40 PM Vancouver Island First Nation whose ancestors met explorer Capt. Cook sue province Dec 12, 2024 3:16 PM Featured Flyer

Jokic's career high of 56 points comes during a low point for the NuggetsThe NNPC Ltd stated that it has successfully re-streamed the Port Harcourt Refining Company as promised The development marks the start of the plant's processing of crude oil and the introduction of petroleum products into the market Mele Kyari claimed that the commencement of the loadout activities is the start of a new era of energy independence PAY ATTENTION: Got a Minute? Complete Our Quick Survey About Legit.ng Today! Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market. The NNPC Ltd claimed it has fulfilled its pledge of re-streaming the Port Harcourt Refining Company (PHRC). In a statement on its X page signed by Olufemi soneye, the Chief Corporate Communications Officer, NNPC limited, it stated that the development signals the commencement of crude oil processing from the plant and delivery of petroleum products into the market. The corporation claims that on Tuesday, November 2024, trucks started loading petroleum products, such as Household Kerosene (HHK) or kerosene, Automotive Gas Oil (AGO) or diesel, and Premium Motor Spirit (PMS) or gasoline. Other product slates will also be shipped. Read also Port Harcourt Refinery: Tinubu mentions Buhari, others involved PAY ATTENTION: Legit.ng Needs Your Help! Take our Survey Now and See Improvements at LEGIT.NG Tomorrow According to Mr. Mele Kyari, the start of the loadout operations marks a significant milestone for Nigeria and the beginning of a new age of energy independence and economic expansion for the nation. The GCEO expressed special gratitude to President Bola Ahmed Tinubu , GCFR, for his steadfast support and understanding of the rehabilitation project as well as his perseverance in securing the nation's energy security. Kyari also sent his sincere gratitude to the Board of Directors of NNPC Ltd. and the whole workforce for their dedication and support, which culminated in the refinery's streaming. In spite of all the difficulties, he also praised the contractors for their excellent work in making sure the refinery was delivered. In his remarks, the Chief Executive of the Nigerian Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed congratulated the NNPC Ltd. for the milestone and assured of his agency’s continued support towards the completion of rehabilitation work at the other refineries. Read also NNPC Fuel: Former Presidential Aspirant Speaks on Port Harcourt Refinery Commencement Port Harcourt refinery finally commences crude oil production Legit.ng reported that Crude oil processing has now begun at Rivers State's Port Harcourt Refining Company (PHRC) Ltd. Femi Soneye, the chief corporate communications officer for the state-owned oil company, verified this information via his X handle with a video of the refiinery. Soneye said truck loading will also commence on Tuesday (today), November 26th 2024. PAY ATTENTION : Legit.ng Needs Your Opinion! That's your chance to change your favourite news media. Fill in a short questionnaire Source: Legit.ng

The Singapore Red Cross (SRC) is appealing for urgent Group AB- blood donations. SRC said in a Facebook post on Nov. 21 that stocks for the blood type has dropped to critical levels. Blood type rare In the post, the organisation also urged those with Group AB- blood to "come forward for a blood donation as soon as possible". Image via Singapore Red Cross on Facebook. On its website, the stock level of Group AB- blood had been marked as "Critical". Group AB+ blood was marked as "Low" in comparison. Image via Singapore Red Cross. A call to action urged suitable donors to "donate today". Image via Singapore Red Cross. According to SRC , less than 1 per cent of the population in Singapore has the AB- blood type. In 2023, only 0.1 per cent of AB- donors was recorded, according to the Health Sciences Authority (HSA) . Blood donations are typically used to treat patients with leukemia, thalassaemia and bleeding disorders, and those undergoing major surgeries. One unit of blood can save up to three lives, according to SRC. Am you eligible to donate? Healthy individuals who are between 16 and 60 and weigh at least 45kg are encouraged to donate blood. In addition, donors should donate blood before their travels as travelling to certain countries or regions in some countries with insect-borne infection risks may make them ineligible to donate for a period of time. According to HSA's general eligibility criteria, you must: For more information on whether you are eligible, you can visit HSA's website here . Do's and don'ts Those donating blood are encouraged to have adequate rest the night before. On the day itself, they may eat a light meal and drink plenty of fluids. Official photo identification such as an NRIC, work pass or passport will be needed for registration. If you are 16 or 17-years-old, a signed parental consent form is required, which can be found here . Top photos via Canva & Singapore Red Cross