Negotiation

DIRECTV Once Again Drops Local TV Stations, Cutting Off Access to Cox Media Group Stations for Millions of Consumers

Retrieved on: 
Saturday, February 3, 2024

ATLANTA, Feb. 03, 2024 (GLOBE NEWSWIRE) -- Today DIRECTV removed all Cox Media Group (CMG) TV stations from its lineups after refusing CMG’s offer to extend negotiations.

Key Points: 
  • ATLANTA, Feb. 03, 2024 (GLOBE NEWSWIRE) -- Today DIRECTV removed all Cox Media Group (CMG) TV stations from its lineups after refusing CMG’s offer to extend negotiations.
  • With this move, DIRECTV has once again blocked millions of consumers from accessing the vital local news, emergency information, weather, traffic, sports, and entertainment programming that CMG’s TV stations provide.
  • Concerned viewers should call DIRECTV now at 1-800-531-5000 and demand that DIRECTV brings back local CMG stations.
  • Viewers can also drop DIRECTV now and switch to Xfinity, Spectrum, Verizon/FIOS TV, YouTube TV, or Hulu+Live TV, where their local CMG stations are available.

Unlocking Opportunity: Canada’s Luxury Real Estate Market Primed for Buyers Amidst Price & Rate Stability

Retrieved on: 
Wednesday, January 31, 2024

TORONTO, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Canada’s metropolitan luxury real estate market evolved over the course of 2023 as buyers emerged from the sidelines with newly altered housing preferences and sharpened priorities, as well as negotiating power that steadily increased as the year progressed. Although overall sales activity was subdued by a volley of stressors that ranged from economic and geopolitical shocks to interest rate hikes, persistent inflation and regulatory changes, high-end buyers remained engaged and strategic. By the end of 2023, as segments of the country’s major metropolitan markets saw softening prices, and an increase in inventory and conditions that leaned in favour of buyers, the collective resilience and preparation of affluent home buyers and investors became apparent. Following years of unyielding constraints on luxury housing supply, affluent buyers and investors were primed to seize opportunities for upward housing mobility in a favourable market with replenished inventory and still-limited competition, foreshadowing strategic sales activity in early 2024.

Key Points: 
  • Vancouver’s luxury real estate market experienced a dramatic transformation over the course of 2023, as single family homes emerged as a focal point for luxury buyers.
  • The City of Vancouver’s luxury real estate market underwent a dramatic transformation over the course of 2023.
  • In the final quarter of 2023, a rise in conventional and luxury real estate inventory tilted the market in further favour of purchasers and tipped the city’s luxury condominium market firmly into buyers’ market territory.
  • Despite these influences, Montreal’s luxury real estate market is well positioned for stability, according to Sotheby’s International Realty Canada experts.

TRREB: Better-Supplied Condo Market in Q4 2023

Retrieved on: 
Wednesday, January 31, 2024

“The condominium apartment market, like other segments of the homeownership market, experienced a pull-back in activity since the Bank of Canada started hiking interest rates in early 2022.

Key Points: 
  • “The condominium apartment market, like other segments of the homeownership market, experienced a pull-back in activity since the Bank of Canada started hiking interest rates in early 2022.
  • This will improve the affordability picture for many first-time buyers, so the condo market is poised for improvement in 2024,” said TRREB President Jennifer Pearce.
  • Total condominium apartment sales amounted to 3,446 in Q4 2023 – down by 3.4 per cent on a year-over-year basis.
  • The average condominium apartment selling price in the GTA was $702,142 in Q4 2023 – down by 1.1 per cent compared to $710,124 in Q4 2022.

Wanderport Corporation Announces Appointment of Mr. Paul Heikkila as Chief Operating Officer

Retrieved on: 
Tuesday, January 30, 2024

SANTA MONICA, Calif., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Wanderport Corporation (OTC: WDRP), a holding company, with a focus on energy, clean mobility, and health technology, is pleased to announce the appointment of Mr. Paul Heikkila as its Chief Operating Officer (COO).

Key Points: 
  • SANTA MONICA, Calif., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Wanderport Corporation (OTC: WDRP), a holding company, with a focus on energy, clean mobility, and health technology, is pleased to announce the appointment of Mr. Paul Heikkila as its Chief Operating Officer (COO).
  • Paul Heikkila has amassed over 19 years of experience in the oil and gas sector, both offshore and onshore.
  • Mr. Heikkila, with his extensive background in the oil and gas industry, brings a wealth of experience to Wanderport.
  • “We are thrilled to welcome Paul to our executive team,” stated Miki Takeuchi, Chief Executive Officer.

CorMedix Inc. Announces Commercial and Reimbursement Updates

Retrieved on: 
Tuesday, January 30, 2024

As such, CorMedix is entitled to submit an application for a Transitional Drug Add-On Payment (TDAPA) which currently allows for five years of additional payment reimbursement to outpatient providers.

Key Points: 
  • As such, CorMedix is entitled to submit an application for a Transitional Drug Add-On Payment (TDAPA) which currently allows for five years of additional payment reimbursement to outpatient providers.
  • CorMedix submitted its TDAPA application on January 26th after receiving the CMS notification, and CMS has subsequently confirmed receipt.
  • CorMedix previously applied for and received a New Technology Add-On Payment (NTAP) from CMS for inpatient reimbursement of DefenCath.
  • I look forward to providing additional commercial updates in the upcoming months as CorMedix brings this important novel drug product to market.”

Dazheng Group Reaffirms Commitment to Acquire Hollysys at US$29.50 Per Share

Retrieved on: 
Saturday, February 3, 2024

Buyer Consortium (“the Consortium”) led by Dazheng Group Acquisition Limited (“Dazheng Group”) today issued the following statement reaffirming the merits of its offer to acquire Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (“Hollysys”).

Key Points: 
  • Buyer Consortium (“the Consortium”) led by Dazheng Group Acquisition Limited (“Dazheng Group”) today issued the following statement reaffirming the merits of its offer to acquire Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (“Hollysys”).
  • The Buyer Consortium, led by Dazheng Group, remains extremely motivated to acquire Hollysys at US$29.50 per share.
  • The Consortium emphasizes to Hollysys shareholders its commitment to acquire Hollysys at US$29.50 per share will remain unchanged by fluctuations in the share price of Hollysys, market conditions, or if the proposed Ascendent transaction is rejected by shareholders at the upcoming Extraordinary General Meeting (“EGM”) on February 8, 2024.
  • The commitment from Dazheng Group Acquisition Limited is robustly supported by back-to-back equity commitment letters, which have been formally executed by three sponsors as of January 25, 2024.

Redfin Announces ‘Sign & Save’ Program, Helping Homebuyers Save Thousands

Retrieved on: 
Thursday, February 1, 2024

(NASDAQ: RDFN) — Redfin ( www.redfin.com ) today announced Sign & Save, a new way for consumers to get a better deal in real estate.

Key Points: 
  • (NASDAQ: RDFN) — Redfin ( www.redfin.com ) today announced Sign & Save, a new way for consumers to get a better deal in real estate.
  • Homebuyers who sign up to work with a Redfin agent before the second tour can get a refund of 0.25 - 0.5% of the purchase price at closing.
  • We started piloting Sign & Save in a handful of cities in September and the customer response has been fantastic.
  • For customers who purchase a luxury home through Redfin’s Premier service, Redfin offers a 0.5% Sign & Save refund.

Crewe Capital Delivers Strategic Buyer for J & S Mechanical Contractors, Inc.

Retrieved on: 
Friday, February 2, 2024

Crewe Capital (Crewe), one of the nation’s leading boutique investment banks, has successfully orchestrated a pivotal transaction for J & S Mechanical Contractors, Inc. (J & S), securing a strategic acquisition by Comfort Systems USA Inc. (NYSE: FIX).

Key Points: 
  • Crewe Capital (Crewe), one of the nation’s leading boutique investment banks, has successfully orchestrated a pivotal transaction for J & S Mechanical Contractors, Inc. (J & S), securing a strategic acquisition by Comfort Systems USA Inc. (NYSE: FIX).
  • Throughout its nearly 50-year history, J & S has served commercial and industrial sectors throughout the Mountain West and has worked on many of the largest and most technical construction projects across a wide range of industries.
  • “J & S is a successful, well-respected, and highly sought-after construction services provider with a great management team that was looking for a partner that shared its vision for the future,” explained Ken Timbers, Managing Director of Crewe.
  • This was an important deal for the J & S team, to find the right partner to honor the business’s legacy, and it’s rewarding that we were able to help facilitate their success.”

Bernstein Litowitz Berger & Grossmann Wins Landmark Compensation Challenge for Tesla Shareholders as Delaware Court Rescinds Elon Musk’s Entire $55 billion Tesla Pay Package

Retrieved on: 
Wednesday, January 31, 2024

In a historic corporate governance decision on behalf of shareholders, the Delaware Court of Chancery has nullified Elon Musk’s entire $55 billion compensation package at the request of a Tesla stockholder.

Key Points: 
  • In a historic corporate governance decision on behalf of shareholders, the Delaware Court of Chancery has nullified Elon Musk’s entire $55 billion compensation package at the request of a Tesla stockholder.
  • Shareholders of Tesla had challenged the 12-tranche package of stock options awarded to the company’s CEO in 2018, totaling up to approximately $55 billion, by far the largest executive pay package in history.
  • As a consequence, she ordered that the entire pay package be rescinded, thereby setting aside approximately $55 billion in compensation and the dilution to Tesla stockholders that came with it.
  • Mr. Varallo said: “We are enormously grateful for the Court’s thorough and extraordinarily well-reasoned decision in turning back the Tesla board’s absurdly outsized pay package for Musk.

New tentative agreement rejected by Air Transat flight attendants

Retrieved on: 
Thursday, February 1, 2024

MONTREAL, Feb. 1, 2024 /CNW/ - CUPE's Air Transat Component has announced that its 2,100 flight attendant members have rejected the tentative agreement reached on January 7.

Key Points: 
  • MONTREAL, Feb. 1, 2024 /CNW/ - CUPE's Air Transat Component has announced that its 2,100 flight attendant members have rejected the tentative agreement reached on January 7.
  • The previous collective agreement for these flight attendants, based at airports in Montreal (YUL) and Toronto (YYZ), expired on October 31, 2022.
  • On November 27, during general assemblies, the flight attendants adopted a strike mandate by a nearly unanimous vote of 99.8%, by far the highest tally in the history of CUPE's Air Transat Component.
  • The Air Transat Component is part of CUPE's Airline Division, which represents more than 18,500 flight attendants employed at Air Transat, Air Canada, Air Canada Rouge, Sunwing, WestJet, Encore, Calm Air, Canadian North, Pivot Airlines, Flair Airlines, PAL and Pascan.