The agricultural centres of excellence in Rajasthan will study Tamil Nadu’s nursery model to promote the planting of indigenous trees suitable to the State’s climate. These centres have been playing an important role in imparting training for modern farming and advanced horticulture production techniques. Tamil Nadu’s nursery model comprises nurseries under the Green Tamil Nadu Mission focusing on promoting the planting of native trees and saplings through an online platform where individuals can purchase high-quality seedlings from nearby nurseries. The initiative has contributed to environmental sustainability and afforestation efforts in the southern State. Agriculture & Horticulture Secretary Rajan Vishal said here that the centres of excellence had helped increase the farmers’ income and were functioning with a high capacity. Mr. Vishal visited the Rajasthan State Seed Corporation’s field centre, olive cultivation centre and pomegranate excellence centre at Dhindhol near Bassi in Jaipur district over the week-end. Mr. Vishal said the centres of excellence should take an initiative for rainwater harvesting for irrigation of crops and promote forest cover growth in the rural areas. He observed the training module for the farmers after getting information on water conservation through micro-irrigation and mulching methods. The centre of excellence at Dhindhol has a complete array of modern vegetative propagation structures, including the green house, shade house, nursery block, mother tree block and automation unit. Mr. Vishal inspected the structures and obtained detailed information about the plants and vegetables being grown at the site. The Agriculture & Horticulture Secretary said the pomegranate excellence centre at Dhindhol was engaged in the activities of intensive gardening and grading, packing for farmers, and transfer of agricultural technology. “Activities like this will help in growing high quality plants and assist the horticulturists in water management, fertigation and technical upgradation of cultivation,” Mr. Vishal said. (EOM) Published - December 28, 2024 04:00 am IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit Rajasthan / Tamil NaduFleet Expansion and Modernization: Saudia Introduces Major Upgrades and Strategic Partnerships to Support Vision 2030 and Enhance Travel Experience
NoneEx-CNN anchor who ran for Congress says Democrats have become 'party of the status quo'DALLAS — The A’s didn’t give pitcher Luis Severino a club record $67 million contract solely because they want to impress the fans in their new locale, Sacramento. The A’s need to add significant payroll this winter or else they risk a grievance from the Major League Baseball Players Association — and they have to spend perhaps another $25 million or more on next year’s roster before they’re in the clear. Advertisement Baseball’s collective bargaining agreement requires teams to carry a payroll more than 1 1/2 times the amount they receive from local revenue sharing. A club in violation doesn’t automatically receive punishment, but puts itself at greater risk of penalty if the union brings a grievance. Several small-market teams that receive a lot of money in revenue sharing have to be mindful of the requirement. But the A’s are in a unique spot where their revenue-sharing haul is growing because they have a new planned stadium in Las Vegas. In 2025, the A’s will collect 100 percent of their revenue-sharing allotment for the first time in years. The A’s were already planning to ramp up their payroll in advance of their move to Las Vegas, targeted for 2028 after three years in Sacramento. The CBA adds another layer to their motivation. “That is something we’re aware of,” said a person briefed on the A’s roster planning who was not authorized to speak publicly. The A’s estimated payroll for luxury-tax purposes in 2025 is $78.4 million, per FanGraphs, with Severino accounting for $22.3 million, his average salary over three years. People briefed on baseball’s revenue-sharing distributions who were not authorized to speak publicly said they expected the A’s, whose attendance was the worst in baseball last season, to be among the highest revenue-sharing recipients next year at roughly $70 million, if not more. The prior three years’ revenues affect a team’s payout, but the most recent year is most heavily weighted. Using the $70 million estimate for 2025, the A’s would need to reach $105 million in payroll, leaving them still another $27 million or so away. The union can file a grievance any time it believes a team is not using revenue-sharing dollars in, as the CBA puts it, “an effort to improve its performance on the field.” But normally, to win such a grievance, the CBA puts the burden on the union to prove the club is failing. The burden shifts, however, when a team lets payroll sit below 150 percent of revenue sharing: the club instead has to prove it was using that money properly. That’s the situation the A’s might face. Advertisement Before the current 2022-26 CBA, the requirement was lower, at 125 percent. The players pushed for it to increase. How severely a team would be fined if it lost a revenue-sharing grievance isn’t clear. The process can be slow. Sometimes, the league and the union need an arbitrator to rule one way or another. Other times, the parties reach a settlement themselves. Often, pending grievances are resolved as part of every-five-year CBA negotiations, making them effectively a form of bargaining leverage. The union in 2018 brought a revenue-sharing grievance against the A’s, Marlins, Pirates and Rays which was not resolved during the most recent round of bargaining in 2021-22. It is still pending in part, but at least one team has been removed from it, people briefed on the process said. It wasn’t immediately clear which team. The union filed another revenue-sharing grievance claim in 2019 against some of the same teams. The requirement to spend more than 150 percent of revenue-sharing on payroll is based upon the calculation for luxury-tax purposes, which incorporates more than salary alone. Teams apply annual contributions to the pre-arbitration bonus pool ($1.67 million) and player benefits payment (about $17.5 million) in luxury-tax calculations, and therefore, to the 150 percent threshold as well. The A’s have a complicated relationship with revenue sharing. In Oakland, they were treated like a small-market team under the plan, even though the sport technically regards Oakland, part of the Bay Area, as a large market. Every team makes contributions to revenue sharing. But which teams receive a regular distribution depends on “market score.” Teams with scores above 100, the largest markets in the sport, are disqualified. When this CBA was made in 2022, a dozen teams were market-disqualified. In order of highest to lowest scores, those were: the New York Yankees , New York Mets , Los Angeles Angels , Los Angeles Dodgers , Chicago Cubs , Chicago White Sox , Toronto Blue Jays , the A’s, San Francisco Giants , Washington Nationals , Philadelphia Phillies and Boston Red Sox . Advertisement But because of their long quest for a new stadium, the A’s received a special carve-out in the CBA: they were only partially disqualified. The deal called for the A’s to receive 25 percent of their revenue-sharing allotment in 2022, 50 percent in 2023, 75 percent in 2024, and 100 percent in both 2025 and 2026. Still, there was a caveat: if the A’s didn’t line up a new stadium by 2024, they would be fully disqualified starting that year. They made their Las Vegas plans in time to keep receiving the money. The A’s had a special revenue-sharing allowance in the 2016-21 CBA as well. The A’s expect their local revenues to rise in Sacramento, even with a cut to their TV rights fee, said a person briefed on the team’s thinking who was not authorized to speak publicly. Therefore, their revenue-sharing checks may be at least a little lower in the future, because revenue-sharing payments are based on local revenues. The A’s averaged 11,528 tickets sold per game in Oakland in 2024, lowest in the majors. Their new home, Sutter Health Park, doesn’t have significantly more capacity — roughly 14,000. Teams don’t disclose how many fans actually come through the gates, or the average price tickets were sold for. In other revenue-sharing news, MLB and the union earlier this year agreed that some money collected from luxury-tax charges can be given to clubs who have taken reductions in their local TV rights fees. The league office expected to notify recipient teams on Monday. An individual team can’t receive more than $15 million, and must have had a reduction between 2022-24. Teams that are about to take a cut in 2025 for the first time, such as the St. Louis Cardinals , are not included. The total amount of money distributed is expected to be no more than about $75 million. Advertisement MLB and the union declined to specify the recipient clubs. Teams known to have taken rights-fee cuts in the 2022-24 timeframe include the Arizona Diamondbacks , Cleveland Guardians , Colorado Rockies , Houston Astros , Pittsburgh Pirates , San Diego Padres , Seattle Mariners , Minnesota Twins and Texas Rangers . Any team that receives a media disruption distribution will have that money count toward the 150 percent requirement. The distribution was agreed to for one year, but could be repeated next year if the parties choose. (Top photo of Severino: Evan Bernstein / Getty Images)
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NEW ORLEANS (AP) — Saints quarterback Derek Carr was willing to risk his health to improve New Orleans’ chances of playing meaningful football in mid-December. Now the Saints, who’ve remained mathematically alive in the playoff race by winning three of four, might have to play without Carr again — and it didn’t go well the last time. Saints interim coach Darren Rizzi declined on Monday to rule out Carr for any of New Orleans' final four games because of his injured non-throwing hand or his concussion . Both injuries occurred when he tried to leap for a first down and crashed hard to the turf during the fourth quarter of New Orleans' 14-11 victory over the reeling New York Giants on Sunday. “We’re not going to rule him out just yet,” Rizzi said. “We have to see in the next day or two what the healing process is like and see if he can function. “The good news it’s not his throwing hand,” Rizzi said. “The bad news is we’re obviously dealing with an injury here that we have to kind of play it by ear.” Rizzi noted that Carr must clear the concussion protocol first. After that, he said, the Saints can see how well Carr can operate with his hand injury. “It's been done before,” Rizzi said when asked about the prospect of an NFL QB playing with an injured non-throwing hand. “It appears at moment that it's non-surgical, which is a big aspect of it. ... That's why we're going to discuss the options.” Last season, Los Angeles Chargers QB Justin Herbert played with a fractured finger on his non-throwing hand . Buffalo Bills QB Josh Allen has played part of this season with an injured non-throwing hand . If Carr can't play, his replacement will be either second-year pro Jake Haener or rookie Spencer Rattler. Rattler started three games earlier this season when Carr had an oblique injury — all losses by New Orleans, which was in the midst of a seven-game skid. “We've just got to surround whomever it is and pick him up and get him rolling with the rest of us,” guard Lucas Patrick said. “It's just another step of adversity in this long season that we’ve had.” New Orleans' interior defensive line is coming off one of its better games. Defensive tackles Bryan Bresee and Khalen Saunders accounted for both New Orleans' sacks in New York. The Saints also held the Giants to 112 yards rushing — a lower opponent rushing total than in seven other games this season. The Saints' 92 yards rushing offensively was their fourth-lowest total all season and the lowest in any of their victories. Running back Kendre Miller's future is looking a bit brighter now. He has played in just three games this season because of hamstring injuries and his lack of readiness was criticized by since-fired coach Dennis Allen earlier this season. Miller also has yet to rush for more than 36 yards in a game. But against the Giants, he earned praise for the speed, strength and elusiveness he was able to show on a couple of clutch runs, including an 8-yard run for his first and only touchdown this season. Patrick said Miller deserved credit on his scoring run for staying upright and continuing to push forward — with the help of some teammates — after he was met at the 5-yard line by a Giants defender. Patrick said if Miller didn't give the extra effort and stay on his feet, his teammates would not have had the chance to help push him across the goal line. “Kendre's definitely a bright, young runner and he's exciting to block for,” Patrick said. Blake Grupe was 0 for 2 on field goal attempts, although both were from beyond 50 yards and one was blocked. Those were Grupe's first two failures from beyond 50 yards this season. In addition to Carr, reserve linebacker D’Marco Jackson left Sunday's game with an ankle injury. 0 — The number of games the Saints have won when Carr does not play. They've gone 5-5 in his starts this season. The Saints are back home Sunday against Washington in what could be ex-New Orleans cornerback Marshon Lattimore's first game with the Commanders. The game also marks the return to Louisiana of quarterback Jayden Daniels, who won the Heisman Troply last year at LSU. AP NFL: https://apnews.com/hub/nfl
By CHRISTINE FERNANDO CHICAGO (AP) — As Donald Trump’s Cabinet begins to take shape, those on both sides of the abortion debate are watching closely for clues about how his picks might affect reproductive rights policy in the president-elect’s second term . Trump’s cabinet picks offer a preview of how his administration could handle abortion after he repeatedly flip-flopped on the issue on the campaign trail. He attempted to distance himself from anti-abortion allies by deferring to states on abortion policy, even while boasting about nominating three Supreme Court justices who helped strike down the constitutional protections for abortion that had stood for half a century. In an NBC News interview that aired Sunday, Trump said he doesn’t plan to restrict medication abortion but also seemed to leave the door open, saying “things change.” “Things do change, but I don’t think it’s going to change at all,” he said. The early lineup of his new administration , including nominations to lead health agencies, the Justice Department and event the Department of Veterans Affairs, has garnered mixed — but generally positive — reactions from anti-abortion groups. Abortion law experts said Trump’s decision to include fewer candidates with deep ties to the anti-abortion movement could indicate that abortion will not be a priority for Trump’s administration. “It almost seems to suggest that President Trump might be focusing his administration in other directions,” said Greer Donley, an associate law professor at the University of Pittsburgh School of Law. Karen Stone, vice president of public policy at Planned Parenthood Action Fund , said while many of the nominees have “extensive records against reproductive health care,” some do not. She cautioned against making assumptions based on Trump’s initial cabinet selections. Still, many abortion rights groups are wary, in part because many of the nominees hold strong anti-abortion views even if they do not have direct ties to anti-abortion activists. They’re concerned that an administration filled with top-level officials who are personally opposed to abortion could take steps to restrict access to the procedure and funding. After Trump’s ambiguity about abortion during his campaign, “there’s still a lot we don’t know about what policy is going to look like,” said Mary Ruth Ziegler, a law professor at the University of California, Davis School of Law. That approach may be revealed as the staffs within key departments are announced. Trump announced he would nominate anti-vaccine activist Robert F. Kennedy Jr. to lead the Health and Human Services Department, which anti-abortion forces have long targeted as central to curtailing abortion rights nationwide. Yet Kennedy shifted on the issue during his own presidential campaign. In campaign videos, Kennedy said he supports abortion access until viability , which doctors say is sometime after 21 weeks, although there is no defined timeframe. But he also said “every abortion is a tragedy” and argued for a national ban after 15 weeks of pregnancy, a stance he quickly walked back. The head of Health and Human Services oversees Title X funding for a host of family planning services and has sweeping authority over agencies that directly affect abortion access, including the Food and Drug Administration and Centers for Medicare and Medicaid Services. The role is especially vital amid legal battles over a federal law known as EMTALA, which President Joe Biden’s administration has argued requires emergency abortion access nationwide, and FDA approval of the abortion pill mifepristone. Mini Timmaraju, president of the national abortion rights organization Reproductive Freedom for All, called Kennedy an “unfit, unqualified extremist who cannot be trusted to protect the health, safety and reproductive freedom of American families.” His potential nomination also has caused waves in the anti-abortion movement. Former Vice President Mike Pence , a staunch abortion opponent, urged the Senate to reject Kennedy’s nomination. Marjorie Dannenfelser, president of the national anti-abortion group Susan B. Anthony Pro-Life America, said the group had its own concerns about Kennedy. “There’s no question that we need a pro-life HHS secretary,” she said. Fox News correspondent Marty Makary is Trump’s pick to lead the FDA, which plays a critical role in access to medication abortion and contraception. Abortion rights groups have accused him of sharing misinformation about abortion on air. Russell Vought , a staunch anti-abortion conservative, has been nominated for director of the Office of Management and Budget. Vought was a key architect of Project 2025 , a right-wing blueprint for running the federal government. Among other actions to limit reproductive rights, it calls for eliminating access to medication abortion nationwide, cutting Medicaid funding for abortion and restricting access to contraceptive care, especially long-acting reversible contraceptives such as IUD’s. Despite distancing himself from the conservative manifesto on the campaign trail, Trump is stocking his administration with people who played central roles in developing Project 2025. Trump acknowledged that drafters of the report would be part of his incoming administration during the Sunday interview with NBC News, saying “Many of those things I happen to agree with.” “These cabinet appointments all confirm that Project 2025 was in fact the blueprint all along, and the alarm we saw about it was warranted,” said Amy Williams Navarro, director of government relations for Reproductive Freedom for All. Dr. Mehmet Oz , Trump’s choice to lead the Centers for Medicare and Medicaid Services, is a former television talk show host who has been accused of hawking dubious medical treatments and products. He voiced contradictory abortion views during his failed Senate run in 2022. Oz has described himself as “strongly pro-life, praised the Supreme Court decision overturning Roe v. Wade , claimed “life starts at conception” and referred to abortion as “murder.” But he also has echoed Trump’s states-rights approach, arguing the federal government should not be involved in abortion decisions. “I want women, doctors, local political leaders, letting the democracy that’s always allowed our nation to thrive to put the best ideas forward so states can decide for themselves,” he said during a Senate debate two years ago. An array of reproductive rights groups opposed his Senate run. As CMS administrator, Oz would be in a key position to determine Medicaid coverage for family planning services and investigate potential EMTALA violations. Related Articles National Politics | In promising to shake up Washington, Trump is in a class of his own National Politics | Election Day has long passed. In some states, legislatures are working to undermine the results National Politics | Trump attorney Alina Habba, a Lehigh University grad, to serve as counselor to the president National Politics | Trump isn’t back in office but he’s already pushing his agenda and negotiating with world leaders National Politics | With Trump on the way, advocates look to states to pick up medical debt fight As Florida’s attorney general, Pam Bondi defended abortion restrictions, including a 24-hour waiting period. Now she’s Trump’s choice for attorney general . Her nomination is being celebrated by abortion opponents but denounced by abortion rights groups concerned she may revive the Comstock Act , an anti-vice law passed by Congress in 1873 that, among other things, bans mailing of medication or instruments used in abortion. An anti-abortion and anti-vaccine former Florida congressman, David Weldon, has been chosen to lead the Centers for Disease Control and Prevention, which collects and monitors abortion data across the country. Former Republican congressman Doug Collins is Trump’s choice to lead the Department of Veterans Affairs amid a political battle over abortion access and funding for troops and veterans. Collins voted consistently to restrict funding and access to abortion and celebrated the overturning of Roe v. Wade. “This is a team that the pro-life movement can work with,” said Kristin Hawkins, president of the national anti-abortion organization Students for Life.Rico Carty, who won the 1970 NL batting title with the Atlanta Braves, dies at 85 Rico Carty, who won the 1970 NL batting title when he hit a major league-best .366 for the Atlanta Braves, has died. He was 85. Major League Baseball , the players’ association and the Braves paid tribute to Carty on social media on Sunday. Canadian Press Nov 24, 2024 12:09 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message FILE - Atlanta Braves' Rico Carty, right, Hank Aaron, left, and Lew Burdette look up into stands at night on May 22, 1972 before exhibition game against the Brewers in Milwaukee. (AP Photo, File) Rico Carty, who won the 1970 NL batting title when he hit a major league-best .366 for the Atlanta Braves, has died. He was 85. Major League Baseball , the players’ association and the Braves paid tribute to Carty on social media on Sunday. A family friend told Listín Diario — a newspaper in Carty’s native Dominican Republic — that he died Saturday night in an Atlanta hospital. “Carty was one of the first groundbreaking Latino stars in the major leagues, and he established himself as a hero to millions in his native Dominican Republic, his hometown of San Pedro de Macoris, and the city of Atlanta, where he was a beloved fan favorite,” the players' association said in its statement . The Braves said Carty left an indelible mark on the organization. “While his on-field accomplishments will never be forgotten, his unforgettable smile and generous nature will be sorely missed,” the team said in its statement. Carty made his big league debut with the Braves in September 1963. He batted .330 with 22 homers and 88 RBIs in his first full season in 1964, finishing second to Dick Allen in voting for NL Rookie of the Year. The Braves moved from Milwaukee to Atlanta after the 1965 season, and Carty got the franchise's first hit in its new home on April 12, 1966, against Pittsburgh. Carty had his best year in 1970, batting .366 with 25 homers and a career-best 101 RBIs. He started the All-Star Game after he was elected as a write-in candidate, joining Willie Mays and Hank Aaron in the NL outfield. Carty batted .299 with 204 homers and 890 RBIs over 15 years in the majors, also playing for Cleveland, Toronto, Oakland, Texas and the Chicago Cubs. He retired after the 1979 season. ___ AP MLB: https://apnews.com/hub/MLB The Associated 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 Get your daily Victoria news briefing Email Sign Up More Baseball Rico Carty, who won the 1970 NL batting title with the Atlanta Braves, has died Nov 24, 2024 10:51 AM Colorado Rockies agree to one-year deal with infielder Kyle Farmer Nov 23, 2024 8:43 AM Austin Hays, Kyle Finnegan, Brendan Rodgers and Jordan Romano among 62 new free agents Nov 22, 2024 10:29 PMHighlights Revenues of $749.3 million for the quarter ended October 27, 2024; operating earnings of $79.3 million; and net earnings attributable to shareholders of the Corporation of $47.9 million ($0.57 per share). Adjusted operating earnings before depreciation and amortization(1) of $142.2 million for the quarter ended October 27, 2024; adjusted operating earnings(1) of $105.1 million; and adjusted net earnings attributable to shareholders of the Corporation(1) of $67.3 million ($0.79 per share). Revenues of $2,812.9 million for the fiscal year 2024; operating earnings of $209.5 million; and net earnings attributable to shareholders of the Corporation of $121.3 million ($1.41 per share). Adjusted operating earnings before depreciation and amortization(1) of $469.4 million for the fiscal year 2024; adjusted operating earnings(1) of $320.6 million; and adjusted net earnings attributable to shareholders of the Corporation(1) of $201.4 million ($2.34 per share). Growth in adjusted operating earnings before depreciation and amortization(1) of 5.1% for the fiscal year ended October 27, 2024, with an increase of 14.2% in the Packaging Sector and an increase of 2.1% in the Retail Services and Printing Sector. Repurchase of 2.1 million shares during the fiscal year ended October 27, 2024, for a total consideration of $32.3 million. Subsequent to the end of fiscal year 2024, sale of the industrial packaging operations to Hood Packaging Corporation for an amount of $132.0 million (US$95.0 million). (1) Please refer to the section entitled "Non-IFRS Financial Measures" in this press release for a definition of these measures. MONTREAL, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Transcontinental Inc. (TSX: TCL.A TCL.B) announces its results for the fourth quarter and fiscal year 2024, which ended October 27, 2024. "Once again, we posted solid quarterly results and therefore ended the fiscal year on a strong note," said Thomas Morin, President and Chief Executive Officer of TC Transcontinental. "I am very pleased with the excellent results for fiscal 2024 and would like to thank our teams for their disciplined work in reducing costs and improving profitability. "In our Packaging Sector, despite the ongoing pressure on our medical market activities, we reported a 6.5% increase in adjusted operating earnings before depreciation and amortization for the quarter, mainly as a result of our cost reduction initiatives. For the fiscal year 2024, our adjusted operating earnings before depreciation and amortization amounted to $262.2 million, up 14.2% compared to the prior year. "In our Retail Services and Printing Sector, we recorded an increase in adjusted operating earnings before depreciation and amortization for a second consecutive quarter. The actions taken to improve our cost structure, a more favourable product mix, including the roll-out of raddar TM, as well as growth in our in-store marketing activities, continue to show results. For fiscal 2024, our adjusted operating earnings before depreciation and amortization stood at $201.0 million, an increase of 2.1% compared to the prior year. "Mainly as a result of the implementation of the program aimed at improving our profitability and our financial position, we posted a solid performance for fiscal 2024," added Donald LeCavalier, Executive Vice President and Chief Financial Officer of TC Transcontinental. "In addition, we generated significant cash flows in fiscal 2024 which, combined with the monetization of some real estate assets, enabled us to improve our balance sheet by reducing our net indebtedness ratio to 1.71 times the adjusted operating earnings before depreciation and amortization while allocating $32.3 million to our share repurchase program." Financial Highlights Results for the Fourth Quarter of Fiscal 2024 Revenues decreased by $30.4 million, or 3.9%, from $779.7 million in the fourth quarter of 2023 to $749.3 million in the corresponding period of 2024. This decrease is mainly due to lower volume in the Retail Services and Printing Sector and the Packaging Sector, partially mitigated by the favourable effect of exchange rate fluctuations. Operating earnings before depreciation and amortization increased by $8.6 million, or 7.0%, from $123.2 million in the fourth quarter of 2023 to $131.8 million in the fourth quarter of 2024. This increase is mainly attributable to our cost reduction initiatives and the decrease in asset impairment charges, partially offset by lower volume and the rise in restructuring and other costs. Despite an increase in adjusted operating earnings before depreciation and amortization in the two main operating sectors, consolidated adjusted operating earnings before depreciation and amortization decreased by $3.3 million, or 2.3%, from $145.5 million in the fourth quarter of 2023 to $142.2 million in the fourth quarter of 2024. This decrease is mainly due to the unfavourable effect of the change in the incentive compensation expense, including the stock-based compensation expense. Net earnings attributable to shareholders of the Corporation increased by $6.2 million, or 14.9%, from $41.7 million in the fourth quarter of 2023 to $47.9 million in the fourth quarter of 2024. This increase is mainly attributable to the previously explained increase in operating earnings before depreciation and amortization, the decrease in depreciation and amortization, and lower financial expenses, partially offset by higher income taxes. On a per share basis, net earnings attributable to shareholders of the Corporation went from $0.48 to $0.57, respectively. Adjusted net earnings attributable to shareholders of the Corporation decreased by $4.5 million, or 6.3%, from $71.8 million in the fourth quarter of 2023 to $67.3 million in the fourth quarter of 2024. This decrease is mainly due to the previously explained decrease in adjusted operating earnings before depreciation and amortization and higher income taxes, partially mitigated by the decrease in depreciation and amortization, and lower financial expenses. On a per share basis, adjusted net earnings attributable to shareholders of the Corporation went from $0.83 to $0.79, respectively. Results for Fiscal Year 2024 Revenues decreased by $127.7 million, or 4.3%, from $2,940.6 million in fiscal year 2023 to $2,812.9 million in the corresponding period of 2024. This decrease is mainly due to lower volume in the Retail Services and Printing Sector as well as in the Packaging Sector. Operating earnings before depreciation and amortization increased by $25.1 million, or 6.3%, from $399.6 million in fiscal year 2023 to $424.7 million in the corresponding period of 2024. This increase is mainly attributable to our cost reduction initiatives and the decrease in asset impairment charges, partially offset by lower volume and the rise in restructuring and other costs. Adjusted operating earnings before depreciation and amortization increased by $22.9 million, or 5.1%, from $446.5 million in fiscal year 2023 to $469.4 million in the corresponding period of 2024. This increase is mainly attributable to our cost reduction initiatives, partially offset by lower volume. Net earnings attributable to shareholders of the Corporation increased by $35.5 million, or 41.4%, from $85.8 million in fiscal year 2023 to $121.3 million in the corresponding period of 2024. This increase is mainly attributable to the previously explained increase in operating earnings before depreciation and amortization, the decrease in depreciation and amortization, and lower financial expenses, partially offset by higher income taxes. On a per share basis, net earnings attributable to shareholders of the Corporation went from $0.99 to $1.41, respectively. Adjusted net earnings attributable to shareholders of the Corporation increased by $25.4 million, or 14.4%, from $176.0 million in fiscal year 2023 to $201.4 million in the corresponding period of 2024. This increase is mainly attributable to the previously explained increase in adjusted operating earnings before depreciation and amortization, the decrease in depreciation and amortization, and lower financial expenses, partially offset by higher income taxes. On a per share basis, adjusted net earnings attributable to shareholders of the Corporation went from $2.03 to $2.34, respectively. For more detailed financial information, please see the Management’s Discussion and Analysis for the year ended October 27, 2024, as well as the financial statements in the “Investors” section of our website at www.tc.tc . Outlook In the Packaging Sector, our investments, including those related to sustainable packaging solutions, position us well for the future and should be a key driver of our long-term growth. In terms of profitability, we expect to generate organic growth in adjusted operating earnings before depreciation and amortization for fiscal 2025 compared to fiscal 2024. In the Retail Services and Printing Sector, we are encouraged by the roll-out of raddar TM and growth opportunities in our in-store marketing activities. Despite a decrease in revenues resulting from lower volume in our traditional activities and the roll-out of raddar TM, we expect adjusted operating earnings before depreciation and amortization for fiscal 2025 to be stable compared to fiscal 2024, excluding the impact of the labour conflict at Canada Post. Lastly, in addition to the amount received for the sale of our industrial packaging operations, we expect to continue generating significant cash flows from operating activities, which will enable us to reduce our net indebtedness while continuing to make strategic investments and return capital to our shareholders. Labour Conflict at Canada Post On November 15, 2024, the Canadian Union of Postal Workers initiated a national strike. As of December 11, 2024, this labour conflict at Canada Post, which remain unresolved, is disrupting the distribution services of flyers, including the raddar TM leaflet. As a result, the Corporation is incurring revenue losses in regions where raddar TM is not distributed through alternative networks, as well as additional costs, including the printing costs of undistributed flyers and the establishment of alternative distribution networks in certain regions of Quebec. As of December 11, 2024, the revenue losses, and consequently the profit losses, along with the additional costs, are estimated at approximately $7.0 million. Non-IFRS Financial Measures In this document, unless otherwise indicated, all financial data are prepared in accordance with International Financial Reporting Accounting Standards ("IFRS") and the term "dollar", as well as the symbol "$" designate Canadian dollars. In addition, in this press release, we also use certain non-IFRS financial measures for which a complete definition is presented below and for which a reconciliation to financial information in accordance with IFRS is presented in the section entitled "Reconciliation of Non-IFRS Financial Measures" and in Note 3, "Segmented Information", to the audited annual consolidated financial statements for the fiscal year ended October 27, 2024. Reconciliation of Non-IFRS Financial Measures The financial information has been prepared in accordance with IFRS. However, financial measures used, namely adjusted operating earnings before depreciation and amortization, adjusted operating earnings, adjusted income taxes, adjusted net earnings attributable to shareholders of the Corporation, adjusted net earnings attributable to shareholders of the Corporation per share, net indebtedness and net indebtedness ratio, for which a reconciliation is presented in the following table, do not have any standardized meaning under IFRS and could be calculated differently by other companies. We believe that many of our readers analyze the financial performance of the Corporation’s activities based on these non-IFRS financial measures as such measures may allow for easier comparisons between periods. These measures should be considered as a complement to financial performance measures in accordance with IFRS. They do not substitute and are not superior to them. The Corporation also believes that these measures are useful indicators of the performance of its operations and its ability to meet its financial obligations. Furthermore, management also uses some of these non-IFRS financial measures to assess the performance of its activities and managers. Dividend The Corporation's Board of Directors declared a quarterly dividend of $0.225 per share on Class A Subordinate Voting Shares and Class B Shares. This dividend is payable on January 20, 2025, to shareholders of record at the close of business on January 6, 2025. Normal Course Issuer Bid On June 12, 2024, the Corporation has been authorized to repurchase, for cancellation on the open market, or subject to the approval of any securities authority by private agreements, between June 17, 2024 and June 16, 2025, or at an earlier date if the Corporation concludes or cancels the offer, up to 3,662,967 of its Class A Subordinate Voting Shares and up to 668,241 of its Class B Shares. The repurchases are made in the normal course of business at market prices through the Toronto Stock Exchange. During the fourth quarter of 2024, the Corporation repurchased and cancelled 900,459 Class A Subordinate Voting Shares at a weighted average price of $16.20 and 2,000 Class B Shares at a weighted average price of $16.39, for a total cash consideration of $14.6 million. During fiscal 2024, the Corporation repurchased and cancelled 2,060,217 Class A Subordinate Voting Shares at a weighted average price of $15.65 and 7,000 Class B Shares at a weighted average price of $15.66, for a total cash consideration of $32.3 million. On October 16, 2024, the Corporation authorized its broker to repurchase shares between October 28, 2024, and December 13, 2024, inclusively, in accordance with parameters set by the Corporation. Subsequent to the year ended October 27, 2024, the Corporation repurchased 413,278 Class A Subordinated Voting Shares and 2,400 Class B Shares for a total cash consideration of $7.0 million. Additional information Conference Call Upon releasing its results for the fourth quarter and fiscal 2024, the Corporation will hold a conference call for the financial community on December 12, 2024, at 8:00 a.m. The dial-in numbers are 1-289-514-5100 or 1-800-717-1738. Media may hear the call in listen-only mode or tune in to the simultaneous audio broadcast on TC Transcontinental’s website, which will then be archived for 30 days. For media requests or interviews, please contact Nathalie St-Jean, Senior Advisor, Corporate Communications of TC Transcontinental, at 514-954-3581. Profile TC Transcontinental is a leader in flexible packaging in North America and in retail services in Canada, and is Canada’s largest printer. The Corporation is also the leading Canadian French-language educational publishing group. Since 1976, TC Transcontinental's mission has been to create quality products and services that allow businesses to attract, reach and retain their target customers. Respect, teamwork, performance and innovation are the strong values held by the Corporation and its employees. TC Transcontinental's commitment to its stakeholders is to pursue its business activities in a responsible manner. Transcontinental Inc. (TSX: TCL.A TCL.B), known as TC Transcontinental, has approximately 7,500 employees, the majority of which are based in Canada, the United States and Latin America. TC Transcontinental generated revenues of $2.8 billion during the fiscal year ended October 27, 2024. For more information, visit TC Transcontinental's website at www.tc.tc . Forward-looking Statements Our public communications often contain oral or written forward-looking statements which are based on the expectations of management and inherently subject to a certain number of risks and uncertainties, known and unknown. By their very nature, forward-looking statements are derived from both general and specific assumptions. The Corporation cautions against undue reliance on such statements since actual results or events may differ materially from the expectations expressed or implied in them. Forward-looking statements may include observations concerning the Corporation's objectives, strategy, anticipated financial results and business outlook. The Corporation's future performance may also be affected by a number of factors, many of which are beyond the Corporation's will or control. These factors include, but are not limited to the impact of digital product development and adoption, the impact of changes in the participants in the distribution of newspapers and printed advertising materials and the disruption in their activities resulting mainly from labour disputes, including at Canada Post, the impact of regulations or legislation regarding door-to-door distribution on the printing of paper flyers or printed advertising materials, inflation and recession risks, economic conditions and geopolitical uncertainty, environmental risks as well as adoption of new regulations or amendments and changes to consumption habits, risk of an operational disruption that could be harmful to its ability to meet deadlines, the worldwide outbreak of a disease, a virus or any other contagious disease could have an adverse impact on the Corporation’s operations, the ability to generate organic long-term growth and face competition, a significant increase in the cost of raw materials, the availability of those materials and energy consumption could have an adverse impact on the Corporation’s activities, the ability to complete acquisitions and properly integrate them, cybersecurity, data protection, warehousing and usage, the impact of digital product development and adoption on the demand for printed products other than flyers, the failure of patents, trademarks and confidentiality agreements to protect intellectual property, a difficulty to attract and retain employees in the main operating sectors, the safety and quality of packaging products used in the food industry, bad debts from certain customers, import and export controls, duties, tariffs or taxes, exchange rate fluctuations, increase in market interest rates with respect to our financial instruments as well as availability of capital at a reasonable cost, the legal risks related to its activities and the compliance of its activities with applicable regulations, the impact of major market fluctuations on the solvency of defined benefit pension plans, changes in tax legislation and disputes with tax authorities or amendments to statutory tax rates in force, the impact of impairment tests on the value of assets and a conflict of interest between the controlling shareholder and other shareholders. The main risks, uncertainties and factors that could influence actual results are described in the Management's Discussion and Analysis for the fiscal year ended October 27, 2024 and in the latest Annual Information Form . Unless otherwise indicated by the Corporation, forward-looking statements do not take into account the potential impact of non-recurring or other unusual items, nor of disposals, business combinations, mergers or acquisitions which may be announced or entered into after the date of December 11, 2024. The forward-looking statements in this press release are made pursuant to the “safe harbour” provisions of applicable Canadian securities legislation. The forward-looking statements in this release are based on current expectations and information available as at December 11, 2024. Such forward-looking information may also be found in other documents filed with Canadian securities regulators or in other communications. The Corporation's management disclaims any intention or obligation to update or revise these statements unless otherwise required by the securities authorities. For information:
OTTAWA — Billionaire Elon Musk called Canada's prime minister an "insufferable tool" on his social media platform today. Musk's comments were in response to Justin Trudeau likening Kamala Harris's defeat in the U.S. presidential election to an attack on women's rights and progress. This afternoon, Trudeau met with provincial and territorial premiers to discuss Canada's approach to negotiations with the U.S. Canada is facing a threat of a 25 per cent tariff hike from incoming president Donald Trump, who defeated Harris in the November election. Earlier this week, Trump taunted Trudeau on social media, referring to the prime minister as the governor of what he called the "Great State of Canada." The post was an apparent reference to a joke Trump cracked at his dinner with Trudeau at his Mar-a-Lago estate nearly two weeks ago, where the president-elect teased that Canada could join the U.S. as its 51st state. Speaking on Tuesday night at an event hosted by the Equal Voice Foundation — an organization dedicated to improving gender representation in Canadian politics — Trudeau said there are regressive forces fighting against women's progress. "It shouldn't be that way. It wasn't supposed to be that way. We were supposed to be on a steady, if difficult sometimes, march towards progress," Trudeau said, adding he is a proud feminist and will always be an ally. "And yet, just a few weeks ago, the United States voted for a second time to not elect its first woman president. Everywhere, women's rights and women's progress is under attack. Overtly, and subtly." In a post on X on Wednesday, Musk responded to a clip of Trudeau's remarks, saying, "He’s such an insufferable tool. Won't be in power for much longer." This report by The Canadian Press was first published Dec. 11, 2024. Nick Murray, The Canadian PressANDERSON TOWNSHIP, Ohio (AP) — Bengals quarterback Joe Burrow’s home was broken into during Monday Night Football in the latest home invasion of a pro athlete in the U.S., authorities said Tuesday. No one was injured in the break-in, but the home was ransacked, according to a report provided by the Hamilton County Sheriff’s Office. Deputies weren’t immediately able to determine what items were stolen. A person who is employed by Burrow arrived at the Anderson Township home Monday night to find a shattered bedroom window and the home in disarray. The person called their mother, and then 911 was contacted, according to the report. Deputies reached out to neighbors in an attempt to piece together surveillance footage. “Our investigators are exploring every avenue,” public information officer Kyla Woods said. The homes of Chiefs stars Patrick Mahomes and Travis Kelce in October. , Milwaukee Bucks forward Bobby Portis had his home broken into Nov. 2 and Minnesota Timberwolves guard Mike Conley Jr.‘s home was burglarized on Sept. 15 while he was at a Minnesota Vikings game. Portis had offered a $40,000 reward for information. Both the NFL and NBA issued security alerts to players after those break-ins, urging them to take additional precautions to secure their homes. In league memos previously obtained by The Associated Press, the NFL said homes of professional athletes across multiple sports have become “increasingly targeted for burglaries by organized and skilled groups.” And the NBA revealed that the FBI has connected some burglaries to “transnational South American Theft Groups” that are “reportedly well-organized, sophisticated rings that incorporate advanced techniques and technologies, including pre-surveillance, drones, and signal jamming devices.” Some of the burglary groups have conducted extensive surveillance on targets, including attempted home deliveries and posing as grounds maintenance or joggers in the neighborhood, according to officials. ___ AP NFL:Bashar Barhoum woke in his prison cell in Damascus at dawn, thinking it would be the last day of his life. The 63-year-old writer was supposed to have been executed after being imprisoned for seven months. But he soon realized the men at the door weren’t from former Syrian President Bashar Assad’s notorious security forces, ready to take him to his death. Instead, they were rebels coming to set him free. As the insurgents swept across Syria in just 10 days to bring an end to the Assad family’s 50-year rule Dec. 8, they broke into prisons and security facilities to free political prisoners and many of the tens of thousands of people who disappeared since the conflict began back in 2011. Barhoum was one of those freed who were celebrating in Damascus. “I haven’t seen the sun until today,” Barhoum told The Associated Press after walking in disbelief through the streets of Damascus. “Instead of being dead tomorrow, thank God, he gave me a new lease of life.” Barhoum couldn’t find his cellphone and belongings in the prison, so he set off to find a way to tell his wife and daughters that he’s alive. Videos shared widely across social media showed dozens of prisoners running in celebration after the insurgents released them, some barefoot and others wearing little clothing. One of them screams in celebration after he finds out that the government has fallen. Syria’s prisons have been infamous for their harsh conditions. Torture is systemic, say human rights groups, whistleblowers and former detainees. Secret executions have been reported at more than two dozen facilities run by Syrian intelligence, as well as at other sites. In 2013, a Syrian military defector, known as “Caesar,” smuggled out over 53,000 photographs that human rights groups say showed clear evidence of rampant torture, but also disease and starvation in Syria’s prison facilities. Syria’s feared security apparatus and prisons did not only serve to isolate Assad’s opponents, but also to instill fear among his own people, said Lina Khatib, Associate Fellow in the Middle East and North Africa program at the London think tank Chatham House. “Anxiety about being thrown in one of Assad’s notorious prisons created wide mistrust among Syrians,” Khatib said. “Assad nurtured this culture of fear to maintain control and crush political opposition.” Just north of Damascus, in the Saydnaya military prison known as the “human slaughterhouse,” female detainees, some with their children, screamed as men broke the locks off their cell doors in the early hours Sunday as insurgents entered the city. Amnesty International and other groups say that dozens of people were secretly executed every week in Saydnaya, estimating that up to 13,000 Syrians were killed between 2011 and 2016. “Don’t be afraid ... Bashar Assad has fallen! Why are you afraid?” said one of the rebels as he tried to rush streams of women out of their jam-packed tiny cells. Tens of thousands of detainees have so far been freed, said Rami Abdurrahman of the Syrian Observatory for Human Rights, a Britain-based pro-opposition war monitor. Over the course of 10 days, insurgents freed prisoners in cities including Aleppo, Homs, Hama and Damascus. Omar Alshogre, who was detained for three years and survived relentless torture, watched in awe from his home far from Syria as videos showed dozens of detainees fleeing. “A hundred democracies in the world had done nothing to help them, and now a few military groups came down and broke open prison after prison,” Alshogre, a human rights advocate who now resides in Sweden and the U.S., told The Associated Press. Meanwhile, families of detainees and the disappeared skipped celebrations of the downfall of the Assad dynasty. Instead, they waited outside prisons and security branch centers, hoping their loved ones would be there. They had high expectations for the newcomers who will now run the battered country. “This happiness will not be completed until I can see my son out of prison and know where he is,” said Bassam Masri. “I have been searching for him for two hours. He has been detained for 13 years,” since the start of the Syrian uprising in 2011. Rebels struggled to control the chaos as crowds gathered by the Court of Justice in Damascus. Heba, who gave only her first name while speaking to the AP, said she was looking for her brother and brother-in-law who were detained while reporting a stolen car in 2011 and hadn’t been seen since. “They took away so many of us,” said Heba, whose mother’s cousin also disappeared. “We know nothing about them ... They (the Assad government) burned our hearts.” Get local news delivered to your inbox!
Rico Carty, who won the 1970 NL batting title when he hit a major league-best .366 for the Atlanta Braves, has died. He was 85. Major League Baseball , the players’ association and the Braves paid tribute to Carty on social media on Sunday. A family friend told Listín Diario — a newspaper in Carty’s native Dominican Republic — that he died Saturday night in an Atlanta hospital. “Carty was one of the first groundbreaking Latino stars in the major leagues, and he established himself as a hero to millions in his native Dominican Republic, his hometown of San Pedro de Macoris, and the city of Atlanta, where he was a beloved fan favorite,” the players' association said in its statement . The Braves said Carty left an indelible mark on the organization. “While his on-field accomplishments will never be forgotten, his unforgettable smile and generous nature will be sorely missed,” the team said in its statement. Carty made his big league debut with the Braves in September 1963. He batted .330 with 22 homers and 88 RBIs in his first full season in 1964, finishing second to Dick Allen in voting for NL Rookie of the Year. The Braves moved from Milwaukee to Atlanta after the 1965 season, and Carty got the franchise's first hit in its new home on April 12, 1966, against Pittsburgh. Carty had his best year in 1970, batting .366 with 25 homers and a career-best 101 RBIs. He started the All-Star Game after he was elected as a write-in candidate, joining Willie Mays and Hank Aaron in the NL outfield. Carty batted .299 with 204 homers and 890 RBIs over 15 years in the majors, also playing for Cleveland, Toronto, Oakland, Texas and the Chicago Cubs. He retired after the 1979 season. AP MLB: https://apnews.com/hub/MLBGolf star Justin Thomas and wife Jillian announce birth of their daughter Molly READ MORE: Bryson DeChambeau shares bizarre reaction to SpaceX launch By LEOCCIANO CALLAO Published: 23:28 GMT, 21 November 2024 | Updated: 23:36 GMT, 21 November 2024 e-mail 7 shares View comments PGA Tour star Justin Thomas and his wife Jillian had their first child, Molly Grace, according to a joint Instagram post from Thursday. The proud first-time parents posted a picture of newborn Molly after a successful delivery from Jillian. 'Our little girl is here! Molly Grace Thomas arrived to us 11/18/24, and we couldn’t be more in love,' the caption read. 'Both momma (who is a superhero!) and Molly are healthy, and doing well!' 'A massive thank you to @jupitermedicalcenter and their entire staff for such great care the last few days,' he continued. 'They made the recovery for Jill and Molly as smooth as possible.' Justin and Jillian both hail from Kentucky and started dating shortly after they met in 2016. View this post on Instagram A post shared by Justin Thomas (@justinthomas34) Justin Thomas and his wife Jillian welcomed their first child, Molly Grace, on Thursday Read More Caitlin Clark goes viral for her response to man asking her to sign his hat While Justin juggled his amateur golf career with his student life at the University of Alabama, Jillian played basketball at the University of Kentucky while pursuing a degree in journalism. According to Essentially Sports, they met through mutual friends and struck a friendship that turned into a romantic affair. Justin would end up going pro while Jillian began working in marketing as their relationship progressed. The pair dated for five years before getting engaged in late 2021 and married in December 2022. Thomas' last tour appearance was at the Zozo Championship in Japan in October, where he tied for second place. While his next outing is yet to be announced, Justin will have his hands full looking out for his wife and daughter. Share or comment on this article: Golf star Justin Thomas and wife Jillian announce birth of their daughter Molly e-mail 7 shares Add commentUdinese break drought with 2-1 victory over Monza
Georgia QB Carson Beck's status for Sugar Bowl uncertain as he considers treatment options on elbowNone