Alabama Lending – Cedars Inn Auburn Thu, 29 Apr 2021 01:55:10 +0000 en-US hourly 1 Alabama Lending – Cedars Inn Auburn 32 32 Making news in business Wed, 28 Apr 2021 17:33:13 +0000

Published: 04/28/2021 1:26:20 PM

Florence Bank appoints Gilbert as Vice-President

FLORENCE – Florence Bank has appointed Douglas gilbert Agawam as Vice President / Commercial Loans.

Gilbert comes to Florence Bank with over 27 years of banking experience, most recently at Country Bank, where he served as Senior Vice President and Team Leader in the Commercial Lending Department. His duties included managing the commercial loans team and an extensive loan portfolio. His experience also includes the role of Vice President and Head of Commercial Lending at Easthampton Savings Bank and Assistant Vice President of Commercial Lending at Westfield Bank.

Gilbert is a certified public accountant who received an undergraduate degree from Westfield State University and an MBA from the University of Connecticut. He also sits on the board of directors of Quaboag Valley Business Assistance Corporation.

Hampshire Power expands energy services

EASTHAMPTON – Hampshire Power Corporation (HPC) recently received approval to expand its community energy services to customers in Rhode Island, Maine and New York.

Hampshire Power says it is unique because it can communicate directly with utilities to monitor customer energy use in real time to mitigate default and attrition risks and provide customers with hard-hitting data. The core of Hampshire Power’s service is its focus on stable and reliable commercial and industrial customers across multiple industries.

Hampshire Power is an energy management company and retail energy supplier. For more information on Hampshire Power, visit or contact Stephen Condon at

HG&E Achieves National Clean Energy Recognition

HOLYOKE – Holyoke Gas & Electric (HG&E) has been recognized as one of the few utilities nationwide for its leadership in the transformation to a carbon-free energy system by the Smart Electric Power Alliance (SEPA) and features in the 2021 ranking of the transformation of public services.

This is a significant recognition and only 10 utilities were cited for their leadership in reducing carbon emissions.

According to SEPA, transformation requires much more than the production of clean energy. The national organization launched the first Utilities Transformation Challenge to do a comprehensive and honest assessment of the progress of U.S. electric utilities towards a modern, carbon-free energy system.

SEPA has conducted and analyzed several surveys designed to measure meaningful progress across multiple dimensions of utility infrastructure, programs, strategy and operations. Responses to the survey were received from 135 individual utilities, representing more than 83 million customer accounts, or roughly 63% of all U.S. electric accounts receivable. The report examines the utility sector’s transition to a clean and modern energy system by exploring four dimensions of utility transformation: clean energy resources, corporate leadership, modern grid activation, and actions and l ‘harmonized commitment.

James Lavelle, director of Holyoke Gas & Electric, said he was grateful for this recognition, noting that Massachusetts has established a roadmap to net-zero by 2050 and that HG&E is well positioned to achieve this goal. , as well as the additional targets set for 2030 and 2040. The municipal utility has a large and growing renewable portfolio with 94% of electricity coming from carbon-free resources in 2019.

Founded in 1902, HG&E is a municipality-owned utility company that provides electricity, natural gas and telecommunications services to more than 18,000 customers.

Monadnock Media announces a change of management

HATFIELD – Monadnock Media’s board of directors has approved Alan Hoff to succeed Steven Bressler as executive director. Bressler will continue at Monadnock as Creative Director and Founder.

“The board was impressed not only with Alan’s skills in managing the business side of Monadnock, but also with his understanding of Monadnock’s unique culture,” said David Glassberg, Chairman of the Board.

Hoff was one of Monadnock’s first employees, working for the company from 1991 to 1996. He went on to pursue a career in software development, holding senior positions at Avid Technology, Cinedeck and SeaChange International. He returned to Monadnock in 2019 as Managing Director.

Bressler started Monadnock Media in 1980. During his 41 years of leadership, the company has designed and produced award-winning multimedia experiences for major museums nationwide, including the FDR Presidential Library, the Mississippi Civil Rights Museum, the Boston Museum of Science, the Choctaw Cultural Center, and the Harry S. Truman Presidential Library and Museum. Several years ago, the company began to focus on projects that highlight marginalized stories and promote social justice. Currently, Monadnock is working on the renovation of the Civil Rights Memorial Museum at the Southern Poverty Law Center in Montgomery, Alabama.

“Museums are increasingly engaged with their communities and their social issues. Since its inception, Monadnock has sought to inspire visitors to view issues differently. It is now more vital than ever. I am delighted and honored to continue this mission, ”said Hoff.

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The Daily Recap: ‘Branson Robinson is almost a mirror image of Nick Chubb’ Wed, 28 Apr 2021 09:02:03 +0000

Here is the April 28 edition of The Daily Recap presented by JFQ Lending.

Robinson compared to Chubb

Adam Gorney preceded him by saying he doesn’t often like to compare players.

But when it comes to Branson Robinson (Germantown / Madison, Miss.), The nation’s No. 1 ranked running back, Gorney has compared him to a recent big UGA.

“Branson Robinson is almost a mirror image of Nick chubb at the same stage, ”Gorney wrote. “Ranked # 1 as a running back in the 2022 category, Robinson came to the Rivals Camp Series in Atlanta this weekend and he was clearly the best prospect there.

“Pure muscle, not fat, like a train going up the middle and someone with surprisingly good hands, the Madison (Miss.) Star Germantown looked great and really dominated in position. Chubb finished No.6 in running back and just outside five-star status in his class. With hindsight, we regret this classification. Robinson will be considered a five star, especially after this screening. “

Washington talks about UGA offer

Defensive back Marcus Washington Jr. (Grovetown / Grovetown, GA) spoke to Jake Reuse about the Alma Mater about his father giving him a scholarship.

“I’m really excited about this and the whole process,” Washington said. “This really is the perfect time for me to receive an offer from a school that I grew up watching every Saturday.”

Washington’s father, Marcus Washington Sr., played in Georgia from 2005 to 2009.

Washington said the secondary coach Jahmile Addae was the one who extended the offer.

“He said they saw the movie and he knew six plays in that I was different and he needed to call me,” Washington said. “He liked my surroundings and my skills, and he wanted to keep the family legacy. Go.”

Shor to train for UGA coaches

Offensive tackle Dayne Shor (King’s Ridge Christian / Alpharetta, GA) has said he will camp at the UGA in June while calling it “private training”.

“I will be able to showcase my skills after I injured my shoulder last season,” said Shor. “I want to put this behind me and show everyone and the coaches in Georgia where I am now.”

Shor has also scheduled visits to Oregon, USC, Oklahoma and Alabama.

UGASports Live

Jim Donnan, Radi Nabulsi, Jake Reuse, Dave McMahon and Dayne Young discussed Georgia’s recruiting efforts and the prospects that stood out at Camp Rivals last weekend in Atlanta. Jake shared part of his conversation with running back Branson Robinson and what to expect from him. The guys discussed other rookies, the NFL draft, and recapped the interview with the UNC head coach Mack brown.

Draft preview

In the middle of the next NFL draft, Georgia has a chance to see Monty Rice, Ben cleveland, Trey hill and Richard LeCounte be selected. The program’s record is eight players, set in 2002 and tied in 2013.

The Bulldogs have 11 prospects with a chance of being caught.

Hoops: the dollar should go

UGA Assistant Coach Chad dollar is expected to take a stand under Wes Miller with the Cincinnati Bearcats, sources told Anthony Dasher. Dollar has been with the Bulldogs since Tom Crean became the program’s head coach in 2018.

‘It’s gonna be a surreal moment’

“ The definition of a game creator ”

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Jones v. Mississippi, AMG Capital Mgmt v. FTC, Carr v. Saul Tue, 27 Apr 2021 23:37:36 +0000

Greetings, Court fans!

Last Thursday, the court rendered three decisions in debated cases. In Jones v. Mississippi (n ° 18-1259), a sharply divided court reduced its earlier ruling to Miller vs. Alabama (2012), holding that a court could sentence a minor to life imprisonment without the possibility of parole, even without expressly concluding that the accused was “definitely incorrigible”. In AMG Capital Management LLC v FTC (# 19-508), a unanimous court ruled that the FTC’s power to obtain “permanent injunctions” did not allow it to seek fair pecuniary relief, such as restitution or restitution. And in Carr v. Saul (n ° 19-1442), the Court unanimously held that applicants for disability benefits could challenge the question whether the administrative judges who had ruled on their claims against them were validly appointed, whether or not they raised this argument at the time. of their initial hearings before the ALJ. We will come back later this week with a more complete description of Jones, but for now we have summaries of AMG and Carr.

Section 13 (b) of the Federal Trade Commission Act authorizes the FTC to obtain a “permanent injunction” in federal court against a person or entity that it believes is currently breaking or is about to violate any law that the FTC is in law. impose. In AMG Capital Management LLC v FTC (# 19-508), the Supreme Court considered whether this power to seek an injunction also authorized the FTC to obtain fair pecuniary relief such as restitution or restitution. Breyer J., speaking for a unanimous Court, concluded that it did not.

Scott Tucker was a payday loan mogul. His online businesses used a ploy to mislead customers by stating that customers could pay off a loan by making a single payment including interest, but then burying it in the fine print that the loan would automatically renew unless the customer does not disengage in the affirmative. As a result, a client who borrowed $ 300 might think they could make a single payment of $ 390 to pay off the loan, but if they didn’t opt ​​out in the affirmative, they would be forced to get another loan. of $ 300 (and another, and so on. to).

Between 2008 and 2012, Tucker’s companies made more than $ 1.3 billion in deceptive charges. In 2012, the FTC sought to ban deceptive lending practices in federal court under Section 13 (b). Above all, the FTC also sought financial redress, including restitution and restitution. The district court issued summary judgment in favor of the FTC, issued the injunction and ordered payment of $ 1.27 billion. The Ninth Circuit asserted that Section 13 (b) empowers federal courts to grant “any collateral remedy necessary to achieve full justice, including restitution.”

The Supreme Court unanimously overturned it. Judge Breyer’s opinion began by setting out the statutory structure enabling the FTC, including the administrative remedies available. He then outlined the history of Article 13 (b). This provision was part of a larger congressional plan to strengthen the FTC in the 1970s, including the addition of other provisions that empower courts to impose monetary fines and fair monetary relief if someone violates an FTC final order. In the 1990s, the FTC began seeking monetary relief under Section 13 (b), but cut back in 2003, issuing a policy statement that it would only seek such relief in “exceptional cases.” involving a “manifest violation”. Then, in 2012, the FTC revoked that policy statement. The end result was that, until this ruling, the FTC used “Section 13 (b) to obtain fair monetary relief directly in court with great frequency” at the rate of “dozens of cases each year. , Employing this enforcement route much more frequently than other administrative remedies available to it under the FTC Act.

After setting out this history, Justice Breyer then turned to the relatively straightforward question of statutory interpretation: Does the phrase “permanent injunction” authorize the FTC to seek court-ordered monetary relief? The court’s response was a simple ‘no’. On the one hand, an injunction is not the same as a fair pecuniary remedy: the former generally offers prospective redress for future damage, while the latter generally offers retrospective redress for damage already suffered. The structure of the FTC Act only confirms this: the language of the permanent injunction appears in a long provision that focuses entirely on a prospective remedy. The aim is to put an end to “apparently unfair practices while the [FTC] determines their legality. In addition, since the FTC Is explicitly provide for monetary relief in other sections where an FTC order has been violated, the absence of such language in section 13 (b) suggests that Congress did not consider such remedies in this section. Finally, Justice Breyer noted that Congress is unlikely to surreptitiously undermine administrative enforcement mechanisms elsewhere in the FTC by providing for the much more powerful monetary redress remedy in federal court without specifically stating so.

The FTC has presented several arguments as to why it should be entitled to monetary compensation. Most fall into the “this is how we’ve always done it” and / or “it would lead to unfair policy” categories. He also referred to certain “safeguard clauses” elsewhere in the FTC law. The Court did not find any of this convincing in light of the clear wording of the law. And he went on to note that the FTC can obtain restitution in certain circumstances under other sections of the law, and that he could always “ask Congress to grant him additional remedial power” if he deems it necessary – in fact, the FTC has requested this same authority last year. The ball is now firmly in Congress’ court to decide whether it wants to sharpen the claws of the FTC by further expanding the remedial scope of Section 13 (b).

Our second case for today is Carr v. Saul (n ° 19-1442), a slightly messy but still unanimous opinion that claimants for disability benefits could challenge whether the administrative law judges (“ALJs”) who decided their claims were constitutionally appointed even though they had not raised this argument at the time. of their hearings in front of their ALJs.

Carr and five others had separately applied for disability benefits under the Social Security Act. Their requests were rejected, so they requested an administrative review, obtaining a hearing before different ALJs. When each of them lost, they appealed to the Social Security Administration’s Appeal Board, where they lost again. But then the court decided Lucie vs. SEC (2018), finding that the Securities and Exchange Commission ALJs had been unconstitutionally appointed (i.e., they had not been appointed in the manner required by the appointment clause of the Constitution) . Because the SSA ALJs are very similar to the SEC ALJs (and therefore probably weren’t constitutionally appointed either), the SSA has “rolled over” all of its ALJs to comply with Lucy. He then ruled that the Appeals Board should overturn previous ALJ decisions and provide a new review before a now properly appointed ALJ. But this remedy was only available to applicants who had raised a challenge to the appointment clause during their administrative hearings in the first place. For those who didn’t, SSA gave them no relief.

Each of the petitioners fell into the latter category. At the time of Lucy, they had sued the Federal Court asking the courts to overturn the unfavorable decisions of the SSA. Building on the newly decided Lucy, each claimant then asked their courts to overturn their ALJ’s decisions because the ALJ did not have the power to rule on their claims. But the Eighth and Tenth Circuits (in decisions involving all six petitioners) concluded that they had waived those demands by not raising them at their administrative hearing. The third, fourth and sixth circuits having reached the opposite result, the Court granted cert.

Judge Sotomayor, who wrote for a unanimous court (at least), began with the principles of judicial review of administrative action. As a general rule, before you challenge an administrative body’s actions in court, you should give it an opportunity to resolve the issue through its administrative process. This requirement, known as problem exhaustion, plays out differently depending on the statutes governing each agency. But the statutes of some agencies – the SSA among them – say nothing about the exhaustion of the problems. In this case, the courts decide to require exhaustion by making an analogy with the rule according to which the courts of appeal will generally refuse to consider arguments which had not been raised before in the court of first instance.

With this context set aside, Judge Sotomayor quickly analyzed the SSA’s arguments that the Court should impose a requirement of exhaustion created by justice. In an earlier case, Sims vs. Apfel (2000), the Court found that the rules for exhaustion of questions were not suited to the non-adversarial structure of SSA hearings. Since Social Security claimants do not have the same obligations to develop trouble and prove their case as parties in court, it made little sense to impose trouble exhaustion requirements that punish them when they don’t. True, Sims had dealt with slightly different phases of administrative control (ie, proceedings before the SSA Appeals Board, not before the ALJs). But Judge Sotomayor concluded that trial-level procedures before an ALJ were still mostly non-adversarial, making it unwise to apply a different rule. In addition, the established rules for exhaustion of questions contain exceptions where exhaustion would be futile, and what could be more futile than asking an ALJ to hold their own appointment to be unconstitutional? The Court therefore agreed that the applicants could raise for the first time in federal court their challenges to the appointment clause against the appointment of their ALJs.

Although the result was unanimous, the analysis was not. Justice Thomas, accompanied by Justices Gorsuch and Barrett, concurred with the judgment. And they agreed most in the opinion of the Court. But they considered the court’s discussion of futility to be pointless, arguing that Sims solved the case, so why go any further. Breyer J., on the other hand, was dissenting. Sims, and he still thought he was right about it. But he agreed with the majority that requiring applicants to raise constitutional challenges to an agency’s structure before a JLA would be futile. He therefore agreed with the result and joined the parties of the opinion which the three concurring Conservative judges refused to join.

That’s it for this update. We will come back later this week to talk about it Jones and keep you abreast of other recent events at the Court (including cert grants and possible additional decisions on Thursday).

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New Jersey man’s discomfort with trans woman is understandable Tue, 27 Apr 2021 19:36:44 +0000

Let’s face it. Most of us haven’t had as much contact with transgender people. And anything that is new and different to us can make people uncomfortable. This is why this is not surprising and in fact it is quite understandable that a director from New Jersey and his wife would have had issues with a transgender girl in the men’s room, as has been reported. at

According to the story, a couple who visited a bar / restaurant in Smithville became enraged when they noticed what appeared to be a trans woman using the girls’ room. An argument ensued, which ended, according to the story, with the man throwing his beer at a nearby woman who had told the man to “carry his hate elsewhere”.

The problem is that people of a certain age are presented with new ideas and concepts on a daily basis while younger people have lived with them all their lives. The world moves on and changes so quickly that many people feel as if they are forced to immediately accept new ideas and principles when certain things take a long time to get used to. That’s why I think we need to give someone time if they’re not used to the idea of ​​someone who is so obviously born of a different gender using the facilities of their gender. I understand. This is new: in the old days, before awareness was raised to the transgender / bathroom dilemma, most people wouldn’t even have thought about it.

But we have to admit, it’s strange for a lot of people – in fact, for most people. This is the LITERAL definition of “transphobia”. That’s why I’m always offended that people think “homophobia” or “transphobia” is bad. “Phobia” does not mean “hate”. It means fear. It’s something you’re afraid of, but you don’t necessarily know why. It’s understandable.

On the other hand, the man, who would be the principal of a high school in New Jersey, was clearly wrong. His behavior as well as that of his wife was inexcusable and embarrassing and pushes all limits of decency and decorum. And I’m sure the alcohol fueled his so-called tantrum, like alcohol craves.

Common sense dictates that if you don’t feel comfortable with anything going on in a public place, you go. But the discomfort is real. That’s why I enjoyed it so much a few years ago that a woman from Pennsylvania posted an opportunity on Reddit for people to ask her all the invasive questions they always wanted to ask trans people. At the time, reported on the Reddit post of 24-year-old Gwen. The article is worth revisiting now.

Gwen helped not only curiosity seekers, but also those who were really trying to understand and empathize. It’s a useful introduction if you’ve never met transgender people and want to learn more about them and what is – and isn’t – appropriate to ask. The more we learn, the more we will be accepted and the less beer there will be thrown into restaurants.

The above post reflects the thoughts and observations of New Jersey 101.5 talk show host Judi Franco. All opinions expressed are those of Judi.

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20 South Jersey nightclubs that are too fun (and wild!) To last

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Hearing on the objections to the Amazon union elections which will start on May 7 Mon, 26 Apr 2021 22:37:48 +0000


Raymond James: These 3 stocks have more than 100% increase on the horizon

We are now in the midst of earnings season and investors are paying close attention as companies release their financial results starting in the first quarter of 2021. It is routine in some ways, but in others it is not. t has never been a season of results quite like this. This is the first after the pandemic, but perhaps more importantly, the results are coming in an era of almost unprecedented government stimulus spending. There is no real comparison to how much cash inflows will impact bottom lines. Leaning on Raymond James, strategist Tavis McCourt has pinpointed some of the key points investors need to consider. First, McCourt notes that “the 2021 S&P 500 Consensus EPS continues to rise, almost daily, and has increased an additional 2% in the first two weeks of the earnings season.” McCourt identifies the correct historical framework for current conditions: “We normally see positive earnings revisions in the first 1-2 years of an economic recovery…” The comparison crumbles, however, as estimate revisions fail. stop increasing. “… Analysts / management teams / this strategist continue to underestimate the positive impact of tax support (not ‘modelable’ as has never been done this way before) on corporate earnings,” added McCourt. With that in mind, we wanted to take a closer look at three stocks that have earned Raymond James’ seal of approval. Accompanying a bullish note, analysts at the company believe that each could climb more than 100% in the coming year. By running the tickers in the TipRanks database, we got all the details and learned what makes them so compelling. Landos Biopharma (LABP) We will start with a newcomer to the markets. Landos Biopharma held its IPO last February when it started trading on NASDAQ. The company is a clinical-stage biopharmaceutical company specializing in autoimmune diseases. Landos uses a proprietary computational platform to develop new drug candidates and has identified seven to date. The lead candidate is BT-11 (omilancor), a new treatment for patients with ulcerative colitis. BT-11 is a small molecule that targets the Lanthionine Synthetase C-Like 2 (LANCL2) pathway, an action designed to limit gastrointestinal impact. In January of this year, Landos reported positive results from the phase 2 validation trial of BT-11, with remission rates of 11.5% at week 12 for patients receiving oral administration once a week. day. Landos plans to expand clinical trials for omilancor, with a Phase 3 study in patients with ulcerative colitis and a Phase 2 study in patients with Crohn’s disease scheduled for later this year. The company’s other drug candidates are in early stages of the development pipeline, but it has had positive results to report from its candidate NX-13, another potential ulcerative colitis. In a phase 1 safety trial in healthy volunteers, the company reported no adverse results while meeting all primary and secondary endpoints. A Phase 1b study is slated for the second half of 2021. Among the fans is Raymond analyst James Steven Seedhouse, who sees the value factor in the company’s innovative approach. “[New] mechanisms especially in chronic immune disorders 1) carve out a potentially greater slice of the TAM pie in the primary indication (in this case, UC) and 2) open the door to follow-up indications once the new mechanism is validated in an immune disorder. The value proposition for BT-11 in theory is that it could be like Otezla (PDE4 inhibitor), which was acquired by Amgen for $ 11.2 billion net of tax benefits at 7 times sales of 1, $ 6 billion the previous year (2018), ”Seedhouse said. Looking ahead, longer term, Seedhouse believes Landos has charted a profitable path. “Patients with mild UC represent over 50% of patients with active disease. The vast majority of drugs approved or under development for UC over the past 20 years target the very competitive (but smaller) ‘moderate to severe’ patient market, while the larger to moderate ‘population remains largely unexploited apart from 5-ASA and corticosteroids. Substantial efficacy and safety in mild to moderate 5-ASA refractory patients will help BT-11 reach our estimated unadjusted sales peak of around $ 1 billion, ”the analyst added. In line with those comments, Seedhouse attributes LABP to outperform (i.e. buy), and its price target of $ 33 suggests an impressive upside margin of 219% in the coming year. (To see Seedhouse’s track record, click here) Landos Biopharma has caught the attention of analysts in a short time as a public company and has already registered 4 reviews. These can be broken down into 3 purchases and 1 maintenance, for a strong consensual purchase note. The shares are priced at $ 10.18 and their average price target of $ 25.50 implies a 146% hike. (See LABP market analysis on TipRanks) Haemonetics Corporation (HAE) Haemonetics Corporation is a major player in the blood business. It produces a full line of blood collection and separation products, as well as software to operate the machines and service contracts to maintain them. The US market for blood products reached $ 10.5 billion last year, and its largest segment, plasma products and blood components, accounts for about 80% of that market. The Haemonetics product line is designed to meet the needs of this segment. HAE stocks showed steady growth from last August to February – a sustained period of 85% equity appreciation. Earlier this month, however, HAE fell 35%, to its lowest level in more than three years, on news that CSL Pharma had declared its intention not to renew its supply agreement with Haemonetics. The agreement, for the supply and use of the PCS2 plasma collection system, provided Haemonetics with revenue of $ 117 million – nearly 12% of the company’s total revenue. In addition to the loss of revenue, Haemonetics will have to absorb an additional $ 32 million in one-off losses related to the cancellation. The current supply agreement expires in June of next year. Analyst Lawrence Keusch, Haemonetics monitor for Raymond James, saw fit to maintain his outperformance (i.e. buy) rating on the stock, even after CSL’s announcement. “We admit that Haemonetics has turned into a ‘show me’ story as it will be important for investors to understand the evolution of corporate strategy in light of the loss of the CSL contract… we believe that ‘Haemonetics can mitigate the estimated impact of $ 0.85 on profits from loss of contract (the company has about 14 months to resize the organization) and move towards further market share gains . We anticipate that it will take some time to gain visibility on a new growth path, ”noted Keusch. Keusch is ready to give HAE the time it needs to recover and return to a growth path, and his price target of $ 155 shows the extent of his confidence – a 128% rise for the stock over the course of the year. over the next 12 months. (To look at Keusch’s track record, click here) Overall, Haemonetics shows a 5-2 split in Wall Street analysts’ buy vs. keep recommendations, giving HAE stocks a moderate buy consensus rating . The stock has an average price target of $ 122, which suggests an increase of about 79% from the current price of $ 67.96. (See the HAE stock market analysis on TipRanks) Maxeon Solar Technologies (MAXN) Let’s move on and take a look at the solar technology industry. Maxeon manufactures and sells solar panels around the world, under the SunPower brand outside the United States and on its own behalf in the United States. The company split from SunPower last summer, when the parent company split from its manufacturing operations. Maxeon, the spin-off company, is a manufacturer of solar panels, with a product line of $ 1.2 billion in annual sales, more than 900 patents in the solar industry and more than 1,100 sales partners. and installation operating in over 100 countries. In the fourth quarter of 2021, the latest reported, Maxeon posted a strong sequential revenue gain, from $ 207 million to $ 246 million, a gain of 18%. Profit, which had been deeply negative in Q3 – at a loss of $ 2.73 per share – was positive in Q4, when EPS was 11 cents. Raymond James’ Pavel Molchanov, rated 5 stars by TipRanks, is impressed with the company’s overall position in the market and sees the benefits outweighing the negatives. “It’s a commodity story, with a short-term margin structure that is weighed down by the legacy polysilicon supply. We are fans of the company’s above-average exposure to the European market, which will soon be reinforced by European climate law; as well as its participation in a joint venture in China, whose new photovoltaic constructions, already world leaders, could benefit from an additional boost thanks to the newly launched carbon exchange program, ”wrote Molchanov. To that end, Molchanov attributes MAXN an outperformance (i.e. a buy) and sets a price target of $ 45 indicating a margin for growth of 127% in the coming year. (To view Molchanov’s track record, click here) MAXN’s actions have managed to go under the radar so far, and have garnered only 2 recent reviews; Buy and keep. The shares are priced at $ 19.86, with an average target of $ 34 which indicates a room for growth of around 71% by the end of the year. (See MAXN Stock Analysis on TipRanks) To find great ideas for stocks traded at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that brings together all the information about TipRanks stocks. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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UMC wants to build a new hospital in Lubbock Mon, 26 Apr 2021 20:58:22 +0000

Does Lubbock need another hospital? University medical center health system leaders believe the answer is ‘yes’.

Lubbock continues to grow, and with the growth comes the additional need for police, firefighters and medical workers. Lubbock is already known for its medical center in this part of Texas. When the coronavirus patients in our hospitals started to add up, it was the number of beds and medical facilities we have that really helped the citizens of Lubbock.

The University Medical Center Health System has seen Lubbock’s growth and recently submitted an application to rezone 13.6 acres of land near 110th and Slide Road to build a brand new hospital. The Planning and Zoning Commission voted in favor of the request.

According to KAMC, the university medical center health system only plans for the future:

Terry Holeman, speaking on behalf of the promoter who in turn spoke on behalf of UMC, said the hospital would have a clinic, rehabilitation services and an emergency room.

Holeman also said they were unsure whether there would be inpatient beds, but wanted to implement zoning to prepare for the future.

The matter is now moving to Lubbock City Council, which is meeting on Tuesday and may approve the request as recommended.

It makes sense to build a hospital in southwest Lubbock as growth in the area is not slowing down at all. A new hospital could also help reduce response times and solidify Lubbock’s position as a major medical town in the Southern Plains.

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SmartFinancial Approves Nasdaq Regular Quarterly Cash Dividend: SMBK Fri, 23 Apr 2021 21:00:00 +0000

KNOXVILLE, Tennessee, April 23, 2021 (GLOBE NEWSWIRE) – SmartFinancial, Inc. (“SmartFinancial”) (Nasdaq: SMBK), the parent company of SmartBank, announced that on April 22, 2021, the board of directors of SmartFinancial declared a quarterly cash dividend of $ 0.06 per SmartFinancial common share payable on May 21, 2021 to shareholders of record at the close of business on May 7, 2021.

About SmartFinancial, Inc.

SmartFinancial, Inc., based in Knoxville, Tennessee, is SmartBank’s publicly traded banking holding company. SmartBank is a full-service commercial bank founded in 2007 with 35 branches covering East and Middle Tennessee, Alabama and the Florida Panhandle. Recruiting the best people, delivering exceptional customer service, a strategic branch, and a disciplined approach to lending all contributed to the success of the business. For more information on SmartFinancial, see its website:

Forward-looking statements

This press release contains “forward-looking statements” within the meaning and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. In general, forward-looking statements can be identified by the use of words such as “may,” “Depend”, “believe”, “expect”, “anticipate”, “intend”, “want”, “should”, “plan”, “estimate”, “predict”, “continue” and ” potential “, or the negative of those terms or other comparable terminology. Forward-looking statements represent the beliefs of management with respect to the matters discussed, based on information available at the time the statements are made; they do not are not guarantees of future performance and should not be taken to represent the views of management as of a date subsequent to the date that a position is made. Forward-looking statements are subject to many assumptions, r iscs and uncertainties that change over time and could cause actual results or financial position to differ materially from those expressed or implied by such statements.

Factors that may affect forward-looking statements in this release include SmartFinancial’s ability to continue to generate strong earnings and maintain a strong capital position in the face of the challenge of the ongoing COVID-19 pandemic, market price of shares. of SmartFinancial, and other opportunities that SmartFinancial may decide to pursue. Additional factors affecting forward-looking statements can be found in the cautionary language included under the headings “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” in Annual Reports. SmartFinancial on Form 10-K for the fiscal year ended December 31, 2020, and other documents subsequently filed by SmartFinancial with the SEC. No forward-looking statement can be guaranteed. SmartFinancial expressly disclaims any obligation to update factors or publicly announce the result of revisions to any of the forward-looking statements included herein to reflect future events or developments.

Investor contacts

Billy Carroll
President and CEO
SmartFinancial, Inc.
Telephone: 865.868.0613

Ron Gorczynski
Executive Vice President
Financial director
SmartFinancial, Inc.
Telephone: 865.437.5724

Media contact

Kelley fowler
Senior vice president
Public relations / marketing
SmartFinancial, Inc.
Telephone: 865.868.0611

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An overview of how Kamala Harris engages with community lenders to support small businesses Fri, 23 Apr 2021 02:16:00 +0000

As President Biden nears his 100th day in office, one of the campaign promises looming during his presidency is to ensure that underserved and low-income communities are at the forefront – guard against any economic recovery.

It was a conversation he had in public and behind closed doors with senior administration officials, especially Vice President Kamala Harris. Funds that could help meet that goal could start coming out in June, according to a Treasury Department official.

“The vice president has focused heavily on small American businesses,” said a senior White House official, emphasizing the role of community lenders.

Community Development Financial Institutions (CDFIs) make up the thousands of community lenders across the country that provide capital to small businesses that have difficulty obtaining loans from large banks. The pandemic has disproportionately hit minority and women-owned businesses, and studies have shown business owners of color face greater challenges in obtaining loans, even when they are low risk. credit.

Vice President Kamala Harris in Chicago, IL
CHICAGO, IL – APRIL 06: Vice President Kamala Harris makes a stop at Brown Sugar Bakery on the South Side of Chicago with Cook County State Attorney Kim Foxx and Illinois Lieutenant Governor Juliana Stratton on Tuesday April 6, 2021 in Chicago, IL.

Kent Nishimura / Los Angeles Times via Getty Images

Small Business Deputy Administrator for Access to Capital Patrick Kelley in a statement referred to CDFIs as “trusted agents” who “play a critical role in lending to underserved communities.”

“[W]“We want to maintain this strong and ongoing partnership under the Biden-Harris administration,” Kelley said in a statement. “We have worked with CDFIs to redouble our efforts to help eligible borrowers in these communities and ensure small businesses are colored and underserved communities. communities can better access PPP and other COVID-19 emergency assistance programs. “

“This was one of the first questions the Vice President raised after swearing to me: the importance of community development finance institutions and minority depository institutions (MDIs),” Treasury Secretary Janet said. Yellen in a statement to CBS News.

Yellen, observing that the racial wealth gap has remained the same since the 1960s, added: “The Vice President deeply understands that if we are to change this very unfair number – and create an economy that works for everyone – then we have to inject capital. in communities that historically haven’t had access to it so people can buy homes and start small businesses. “

When the pandemic struck, only 43% of black business owners received all the paycheck protection program funding they were looking for, the lowest share of any group, according to Federal Reserve research . One in five black businesses that requested a PPP received nothing, a higher proportion than any other group.

In December 2020, Congress passed a second COVID relief bill, which included $ 12 billion in funding for CDFIs and MDIs. This consisted of $ 9 billion in indirect capital investments to financial institutions, with the remaining $ 3 billion providing two pots of grants. The first tranche of $ 1.25 billion for rapid response relief will be disbursed first, and the second tranche of $ 1.75 billion will go to a minority loan program. A Treasury Department official said the quick response money will be distributed no later than the end of June.

Harris, who was still a California senator during this time, signed an early bill from Senator Mark Warner, a Democrat from Virginia, which provided the blueprint for eventual funding for community lenders.

“My two biggest supporters on this were [former Treasury Secretary] Steve Mnuchin and Kamala Harris, “Warner said in a telephone interview with CBS News.” She fully understands the challenges that accompany most black and brown communities. We lost 440,000 black businesses, the majority of which were sole proprietors, and they did not have as much access to P3s because African Americans did not have traditional banking relationships. So she did her due diligence and became a big advocate because then we were trying to take it out of the bill over the summer to get it in. [the COVID-19 Relief Bill]. “

According to officials from the White House and the Treasury Department, the staff of the Vice President and Secretary of the Treasury kept in close contact on this issue and also held two formal meetings to ensure funds would be allocated to communities. who need it most.

The first, a public event in early February, also included attendees from local black chambers of commerce across the country. A second private engagement took place in the West Wing Vice President’s office at the end of March. During this meeting, the two services discussed the implementation of the $ 12 billion allocated by Congress in December.

Alongside the Treasury Department, the Vice-President and her staff also met with various CDFIs.

“We started hearing about this administration during the transition. We were called in by Janet Yellen and Deputy Secretary Wally Adeyemo to brief them – even before they took office – to explain what was happening with the current PPP loans.” , said Lisa Mensah, President and CEO. Opportunity Finance Network, a network of over 300 CDFI members with nearly $ 27 billion in assets. The vice president’s staff also reached out. “We think part of the promise of this administration is that it took over with an ear very sensitive to the double burden of rebuilding, but rebuilding in a way that was sensitive to how we were actually going. implement racial healing, ”Mensah says.

As the administration continues to determine how grants and investments will be distributed, Harris is pressuring small businesses to apply.

“The vice-president, for her part, has really focused, at this stage, to ensure that the largest and best possible pool of candidates is available, to do her best to be considered competitive candidates. for those funds, “a senior White House official said.

Some CDFI officials point out that time is running out. “Of dollars that have already been approved by Congress, those dollars need to flow quickly,” said Brad McConnell, CEO of Allies for Community Business, a non-profit CDFI focused primarily on businesses serving under-represented areas of Canada. Illinois and Indiana. “We’re really encouraged that all of the signs are pointing to they’re, in fact, going to sink quickly. We just don’t know exactly on what date yet, but the signs are positive about that.”

Harris also enlisted the help of the private sector to bring wealth and opportunity to underserved communities.

According to a White House official, the vice president had phone calls with Bank of America CEO Brian Moynihan and JPMorgan Chase CEO Jamie Dimon.

A spokesperson for JPMorgan Chase said, “We appreciate the opportunity to continue to engage with the Vice President and her office on PPP lending and the importance of community lending and to discuss best practices.”

Bill Bynum, CEO of Hope Enterprise Corporation, an organization that has invested $ 2.9 billion in rural southern areas, said he too had heard from Harris.

“In my conversations with Vice President Harris, she made it clear that she was looking for ways to ensure that the infrastructure resources that the administration prioritizes address this issue in the most vulnerable communities,” including those like the Mississippi Delta and Alabama Black Belt, “Bynum says.” We’ve talked a lot about the ability of CDFIs to raise private capital from banks that have not served these areas. But CDFIs are very effective at establishing partnerships with big banks, with philanthropy, with corporations, as a way to import investments into areas where wealth has been extracted for generations. “

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Amazon’s Alabama union efforts fail: what they’re saying nationally Fri, 09 Apr 2021 18:59:27 +0000

Efforts to kind a union at Amazon’s Bessemer, Alabama facility failed.

The unofficial vote outcomes present 1,798 “no” votes on organizing versus 738 “sure” votes. The votes had been counted by the Nationwide Labor Relations Board in Birmingham.

If authorised, staff would have joined the Retail, Wholesale and Division Shops Union, which accused Amazon of illegally interfering with workers’ rights to interact in union exercise. , allegations that the corporate denies.

You’ll be able to see extra protection of in the present day’s vote right here.

Here is what they’re saying throughout the nation about voting:


Amazon Wins Sufficient Votes to Beat Alabama Union Effort

“Amazon garnered sufficient votes on Friday to defeat the organizing drive at one in every of its Alabama warehouses, dealing a blow to unions hoping to unionize a US set up of Amazon for the primary time.”


Amazon staff vote in opposition to union in Alabama warehouse

“The union elections, which had been held by mail over a interval of almost two months because of the pandemic, have attracted nationwide consideration, celebrities, politicians – together with President Joe Biden – and workers of Amazon’s different amenities have all lent public assist to the employees. lead the unionization effort.


It is a no: Amazon warehouse staff vote in opposition to unionization in historic elections

“This implies Amazon has resisted the largest union push up to now amongst its American staff and prevented the prospect of its first unionized warehouse in America. Virtually 5,900 folks work at Amazon’s Bessemer facility and greater than half voted within the election. “

The Guardian

Amazon staff in Alabama vote in opposition to creation of firm’s first union

“The union instantly stated it might launch a authorized problem to the consequence, which is more likely to look at the excessive variety of contested ballots and union allegations of unfair ways through the marketing campaign. Amazon shares rose 0.8% on Friday, including to earlier good points. “

NBC Information

Amazon warehouse staff vote to not unionize in Bessemer, Alabama

“Amazon warehouse staff right here voted overwhelmingly in opposition to forming a union on Friday after a month-long marketing campaign wherein staff had hoped to make a breakthrough within the sprawling enterprise.”

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FirstBank launches progress spurt in Birmingham Thu, 08 Apr 2021 17:14:15 +0000

Lender hires two longtime ServisFirst executives

authors Geert De Lombaerde

FirstBank is planting an even bigger flag in Birmingham, the place it opened a mortgage workplace and employed two bankers with over 40 years of mixed expertise to construct a regional shopper and enterprise crew.

Downtown-based FirstBank has been lively in Alabama for a decade; it acquired a Birmingham-based mortgage dealer in 2011 and now has seven mortgage workplaces statewide in addition to full-service branches in Huntsville and Florence. The latter housed about $ 105 million in deposits final summer time. Its new mortgage workplace is predicated in a mortgage workplace on the south aspect of Birmingham and is headed by central Alabama president Grant Lauderdale and Birmingham market chief Christoper Robbins.

Lauderdale involves FirstBank from ServisFirst Financial institution, which he helped launch in 2005 and the place he was Senior Vice President and a part of his personal banking group. He has practically 20 years of banking expertise. Robbins was one of many founding shareholders of ServisFirst and one among its first staff. Most not too long ago, he was senior vice chairman of personal banking, and he additionally labored at Synovus and the previous SouthTrust.

“The brand new Birmingham workplace represents our continued progress in Alabama and can present us with one other house to assist our shoppers obtain their monetary targets and construct a robust monetary future,” Chief Banking Officer Travis Edmondson mentioned in an announcement. . “Grant and Christopher carry nice business expertise and native data to FirstBank. They’ve confirmed their skill to construct and lead a crew that can assist us develop our footprint within the area.

Birmingham turns into the eighth metropolitan market the place FirstBank, which has greater than $ 11 billion in property, has a spread of banking operations. The corporate operates 81 workplaces in Tennessee, Kentucky, Alabama and Georgia. Shares of its father or mother firm, FB Monetary (Ticker: FBK), have been down barely to $ 43.38 on Thursday at midday. They’ve elevated by greater than 50% within the final six months.

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