Instability

Axcelis Announces Financial Results for Fourth Quarter and Full Year 2023

Retrieved on: 
Mittwoch, Februar 7, 2024

BEVERLY, Mass., Feb. 7, 2024 /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS) today announced financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • BEVERLY, Mass., Feb. 7, 2024 /PRNewswire/ -- Axcelis Technologies , Inc. (Nasdaq: ACLS) today announced financial results for the fourth quarter and full year ended December 31, 2023.
  • The Company reported fourth quarter revenue of $310.3 million, compared to $292.3 million for the third quarter of 2023.
  • The Company will release financial results for the fourth quarter and full year 2023 on Wednesday, February 7, 2024, at 4:00 p.m. Eastern Time (ET).
  • The Company will host a call to discuss the results for the fourth quarter and full year 2023 on Thursday, February 8, 2024, at 8:30 a.m.

Somaliland-Ethiopia port deal: international opposition flags complex Red Sea politics

Retrieved on: 
Mittwoch, Februar 7, 2024

The memorandum of understanding between Ethiopia and Somaliland announced on 1 January 2024 set off diplomatic rows in the Horn of Africa – and beyond. Details of the agreement are not publicly known, but both state leaders have touched on its content. Among the main elements: Ethiopia gets a 50-year lease on a strip of land on Somaliland’s Red Sea coast for naval and commercial maritime use and access to the Berbera port. Somaliland gets a share of Ethiopian Airlines. It also gets an undertaking that Ethiopia will investigate recognising Somaliland as a sovereign state. If it decides to do so, Ethiopia will be the first country to recognise Somaliland. The breakaway state has operated autonomously since it declared its independence from Somalia in May 1991, but lacks international recognition. It argues that the country’s historical status and its rapid economic growth entitle it to sovereign access to the sea.

Key Points: 


The memorandum of understanding between Ethiopia and Somaliland announced on 1 January 2024 set off diplomatic rows in the Horn of Africa – and beyond. Details of the agreement are not publicly known, but both state leaders have touched on its content. Among the main elements:
Ethiopia gets a 50-year lease on a strip of land on Somaliland’s Red Sea coast for naval and commercial maritime use and access to the Berbera port.
Somaliland gets a share of Ethiopian Airlines. It also gets an undertaking that Ethiopia will investigate recognising Somaliland as a sovereign state. If it decides to do so, Ethiopia will be the first country to recognise Somaliland. The breakaway state has operated autonomously since it declared its independence from Somalia in May 1991, but lacks international recognition.

  • It argues that the country’s historical status and its rapid economic growth entitle it to sovereign access to the sea.
  • The diplomatic squabbles show re-configurations of political alliances in the Red Sea region and beyond.
  • The memorandum of understanding has placed the question of Somaliland’s recognition into the centre of these political dynamics.

Opposition

  • The president of the federal government of Somalia, Sheikh Hassan Mohamud, declared the memorandum a violation of Somalia’s sovereignty and territorial integrity.
  • It does not even exert full territorial control across Somalia – Al-Shabaab controls territory in south and central Somalia.
  • So far the United Arab Emirates, a close partner of Somaliland and Ethiopia, has been silent.
  • Not surprising is the opposition of Djibouti and China.
  • Eritrea and Ethiopia fell out again after Ethiopia struck peace with the Tigray People’s Liberation Front in November 2022.

The way forward

  • The regional Intergovernmental Authority for Development, chaired by Djibouti, recently convened an extraordinary meeting to discuss tensions between Somalia and Ethiopia.
  • It affirmed the territorial integrity of Somalia, but also called for de-escalation and dialogue.
  • But Ethiopia’s president, who uses access to the sea to mobilise public support, has a lot to lose by offending these states.


This author is part of a research project on Port Infrastructure, International Politics, Everyday Life in the Horn of Africa (http://portinfrastructure.org) which received funding from Carnegie Corporation of New York. The statements made and views expressed in this article are solely the responsibility of the author.

Enfinite energizes three Energy Storage projects, adding 60 MW of energy to the Alberta grid

Retrieved on: 
Dienstag, Februar 6, 2024

CALGARY, Alberta, Feb. 06, 2024 (GLOBE NEWSWIRE) -- In its ongoing commitment to enhance the reliability of Alberta’s energy infrastructure, Enfinite, a Canadian leader in energy storage, and its sponsor, The TD Greystone Infrastructure Fund1, are pleased to announce their continued investment in Alberta with the development and energization of three more energy storage projects within their eReserve program adding 60 MW of energy.

Key Points: 
  • CALGARY, Alberta, Feb. 06, 2024 (GLOBE NEWSWIRE) -- In its ongoing commitment to enhance the reliability of Alberta’s energy infrastructure, Enfinite, a Canadian leader in energy storage, and its sponsor, The TD Greystone Infrastructure Fund1, are pleased to announce their continued investment in Alberta with the development and energization of three more energy storage projects within their eReserve program adding 60 MW of energy.
  • Enfinite’s eReserve7, eReserve8, and eReserve9 utilize innovative Battery Energy Storage Systems (BESS) and are strategically located to support the energy infrastructure near the communities of Wapiti and Hythe in northern Alberta.
  • With the addition of these three projects, Enfinite now has nine operational battery storage facilities in Alberta, capable of storing up to 315 MWh of energy.
  • “Our energy storage systems address the instability issues facing Alberta’s grid, and we are committed to supporting the province as it seeks to modernize the energy infrastructure and strengthen grid reliability.”
    “During Alberta’s recent energy emergency, Enfinite's eReserve energy storage assets played a pivotal role in preventing rolling blackouts.

Stepan to Announce Fourth Quarter and Full Year 2023 Results on February 20, 2024

Retrieved on: 
Dienstag, Januar 30, 2024

NORTHBROOK, Ill., Jan. 30, 2024 /PRNewswire/ -- Stepan Company (NYSE: SCL) will issue its fourth quarter and full year 2023 earnings results on Tuesday, February 20, 2024 at approximately 7:00 a.m.

Key Points: 
  • NORTHBROOK, Ill., Jan. 30, 2024 /PRNewswire/ -- Stepan Company (NYSE: SCL) will issue its fourth quarter and full year 2023 earnings results on Tuesday, February 20, 2024 at approximately 7:00 a.m.
  • The call will be hosted by Scott R. Behrens, President and Chief Executive Officer, and Luis E. Rojo, Vice President and Chief Financial Officer.
  • Headquartered in Northbrook, Illinois, Stepan utilizes a network of modern production facilities located in North and South America, Europe and Asia.
  • As a result, Stepan Company's actual financial results, performance, achievements or prospects may differ materially from those expressed or implied by these forward-looking statements.

Marquette National Corporation Declares a Dividend of $0.28 per Share and Announces a New Common Stock Repurchase Program

Retrieved on: 
Montag, Januar 29, 2024

CHICAGO, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Marquette National Corporation (OTCQX: MNAT) today announced that its Board of Directors declared a cash dividend of $0.28 per share.

Key Points: 
  • CHICAGO, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Marquette National Corporation (OTCQX: MNAT) today announced that its Board of Directors declared a cash dividend of $0.28 per share.
  • The dividend will be payable on April 1, 2024 to shareholders of record on March 15, 2024.
  • The Company also announced that its Board of Directors authorized the repurchase of up to $1,000,000 of its outstanding common stock at prevailing market prices through open market or negotiated transactions.
  • Marquette National Corporation is a diversified bank holding company with total assets of approximately $2.14 billion.

Credit Benchmark says US oil & gas industry has most benign default risk outlook vs. other US sectors, as discussed in 2024 Default Risk Outlook report on 13 US industries

Retrieved on: 
Mittwoch, Januar 24, 2024

US oil & gas is one of 13 US industries discussed in Credit Benchmark’s new 2024 Default Risk Outlook .

Key Points: 
  • US oil & gas is one of 13 US industries discussed in Credit Benchmark’s new 2024 Default Risk Outlook .
  • While the US pharma industry also has a benign default risk outlook, Credit Benchmark predicts that most other US industries will record a slight rise in their default rate.
  • Credit Benchmark’s new report covers 13 US industries, representing around 13,000 entities, 70% of which are not rated by a credit rating agency.
  • This significant coverage allows Credit Benchmark to make credible sector-specific default risk projections for 2024.

Transforming CIOs: A Blueprint for Empowering and Elevating the Role of Higher Education CIOs Published by Info-Tech Research Group

Retrieved on: 
Montag, Januar 29, 2024

The firm's latest research explains that unlocking technology's potential in higher education necessitates empowering chief information officers (CIOs).

Key Points: 
  • The firm's latest research explains that unlocking technology's potential in higher education necessitates empowering chief information officers (CIOs).
  • To address this critical situation, Info-Tech Research Group, a leading global IT research and advisory firm, has published its latest industry blueprint, Elevate the Role of the CIO in Higher Education .
  • This research aims to shed light on the pivotal role of chief information officers (CIOs) in driving meaningful change within higher education institutions.
  • As highlighted in Info-Tech's blueprint, by elevating the role of the CIO, higher education institutes can drive enhanced collaboration, streamline operations, and enable data-driven decision-making across their campuses.

Halliburton Announces Fourth Quarter 2023 Results and Increases Dividend

Retrieved on: 
Dienstag, Januar 23, 2024

Halliburton Company (NYSE: HAL) announced today net income of $661 million, or $0.74 per diluted share, for the fourth quarter of 2023.

Key Points: 
  • Halliburton Company (NYSE: HAL) announced today net income of $661 million, or $0.74 per diluted share, for the fourth quarter of 2023.
  • Halliburton's total revenue for the fourth quarter of 2023 was $5.7 billion, flat when compared to the third quarter of 2023.
  • Operating income was $1.1 billion in the fourth quarter of 2023, a 2% increase when compared to the third quarter of 2023.
  • Halliburton Labs participating companies OCOChem, Ionada and Disa Technologies each separately announced they successfully closed equity funding in the fourth quarter.

Teledyne to Hold Investor Meetings

Retrieved on: 
Donnerstag, Januar 18, 2024

Teledyne Technologies Incorporated (NYSE:TDY) today announced that Jason VanWees, Vice Chairman, will be holding investor meetings at the 26th Annual Needham Virtual Growth Conference on Friday, January 19.

Key Points: 
  • Teledyne Technologies Incorporated (NYSE:TDY) today announced that Jason VanWees, Vice Chairman, will be holding investor meetings at the 26th Annual Needham Virtual Growth Conference on Friday, January 19.
  • Teledyne Technologies is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems.
  • Teledyne’s investor presentation contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, with respect to management’s beliefs about the financial condition, results of operations and businesses of Teledyne in the future.
  • Forward-looking statements involve risks and uncertainties, are based on the current expectations of the management of Teledyne and are subject to uncertainty and changes in circumstances.

Seagate’s Breakthrough 30TB+ Hard Drives Ramp Volume, Marking an Inflection Point in the Storage Industry

Retrieved on: 
Mittwoch, Januar 17, 2024

(Graphic: Business Wire)

Key Points: 
  • (Graphic: Business Wire)
    The company launched the Mozaic 3+™ hard drive platform—which incorporates Seagate’s trailblazing implementation of Heat-Assisted Magnetic Recording (HAMR) technology.
  • The Mozaic 3+ platform powers Seagate’s flagship Exos® product family, with newly announced, industry-leading capacity points of 30TB and beyond.
  • Seagate’s areal density innovation—which increases the number of bits that can be stored on a platter—addresses common industry pain points.
  • In Mozaic 3+ hard drives, the media alloy uses a pioneering iron-platinum superlattice structure, which significantly increases the magnetic coercivity of disk media.