Report

3M Announces Plans to Create Long Term Value Through Spin-Off of Health Care Business

Retrieved on: 
Tuesday, July 26, 2022
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"Today's actions advance our ability to create value for customers and shareholders," said 3M chairman and chief executive officer Mike Roman.

Key Points: 
  • "Today's actions advance our ability to create value for customers and shareholders," said 3M chairman and chief executive officer Mike Roman.
  • Our management team and board continually evaluate the strategic options that will best drive long term sustainable growth and value.
  • The decision to spin off our Health Care business will result in two well-capitalized, world-class companies, well positioned to pursue their respective priorities."
  • Additionally, New 3M expects to retain a stake of 19.9% in Health Care, which will be monetized over time.

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Wells Fargo, Unity, Amazon, and Outset Medical and Encourages Investors to Contact the Firm

Retrieved on: 
Tuesday, July 26, 2022
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On June 6, 2022, Reuters published an article entitled Wells Fargo Pauses Diverse Slate Hiring Policy after Reports of Fake Job Interviews.

Key Points: 
  • On June 6, 2022, Reuters published an article entitled Wells Fargo Pauses Diverse Slate Hiring Policy after Reports of Fake Job Interviews.
  • Then, on June 9, 2022, the New York Times published an article entitled Federal Prosecutors Open Criminal Inquiry of Wells Fargos Hiring Practices.
  • For more information on the Wells Fargo class action go to: https://bespc.com/cases/WFC
    Unity creates and operates an interactive real-time 3D content platform.
  • For more information on the Outset Medical class action go to: https://bespc.com/cases/OM
    About Bragar Eagel & Squire, P.C.

Pacific Coast Oil Trust Announces There Will Be No July Cash Distribution

Retrieved on: 
Monday, July 25, 2022
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ARO is the recognition related to net present value of future plugging and abandonment costs that all oil and gas operators face.

Key Points: 
  • ARO is the recognition related to net present value of future plugging and abandonment costs that all oil and gas operators face.
  • Therefore, until the net profits deficit is eliminated, the only cash proceeds the Trust will receive are pursuant to the 7.5% overriding royalty interest.
  • Costs associated with returning wells to service must be recovered before cash flow to the Trust can be created.
  • Pacific Coast Oil Trust is a Delaware statutory trust formed by PCEC to own interests in certain oil and gas properties in the Santa Maria Basin and the Los Angeles Basin in California (the Underlying Properties).

MATSON PUBLISHES 2021 SUSTAINABILITY REPORT

Retrieved on: 
Monday, July 25, 2022
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HONOLULU, July 25, 2022 /PRNewswire/ -- Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, has published its 2021 Sustainability Report that describes the company's progress toward achieving its environmental, social and governance goals.

Key Points: 
  • Annual Publication Details Progress on Environmental, Social, Governance Goals
    HONOLULU, July 25, 2022 /PRNewswire/ -- Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, has published its 2021 Sustainability Report that describes the company's progress toward achieving its environmental, social and governance goals.
  • "I am proud of the work we are doing and pleased to share our progress in this year's Sustainability Report."
  • Highlights of the 2021 report include:
    Provided funding and services to more than 560 community organizations, focusing on food banks, social equity programs and environmental conservation
    Committed nearly $250,000 to fund scholarships, internships and professional networking opportunities for women and diverse college students within maritime and transportation industries
    "Our 2021 Sustainability Report demonstrates Matson's ongoing commitment to transparency and communication," said Rachel Lee, vice president, sustainability and governance.
  • More information on Matson's sustainability activities, including downloadable copies of its 2021 Sustainability Report and TCFD Report, is available at: https://www.matson.com/sustainability.html .

Reynolds American Inc. Progresses on ESG Journey by Transitioning to Hybrid and Electric Vehicle Fleet

Retrieved on: 
Monday, July 25, 2022
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WINSTON-SALEM, N.C., July 25, 2022 /PRNewswire/ -- Reynolds American Inc., the BAT Group's U.S. subsidiary, and its companies (Reynolds) is advancing its Environmental, Social & Governance (ESG) goals by transitioning its current 1,800+ vehicle trade and operations fleet to hybrid and electric models. The move will replace aging vehicles on a rolling basis over the next three years, resulting in a projected annual 1000+ ton reduction in carbon emissions.

Key Points: 
  • WINSTON-SALEM, N.C., July 25, 2022 /PRNewswire/ -- Reynolds American Inc., the BAT Group's U.S. subsidiary, and its companies (Reynolds) is advancing its Environmental, Social & Governance (ESG) goals by transitioning its current 1,800+ vehicle trade and operations fleet to hybrid and electric models.
  • "With this move to hybrid vehicles, our sales and operations teams are driving progress on our sustainability ambitions."
  • Reynolds is collaborating with Ford Proto transition its current fleet to a mix of vehicle models, including the Escape SEL Hybrid, Explorer Limited Hybrid, Ford E-Transit, and Ford-150 Lightning.
  • Included in the 1,800+ fleet are nearly 50 light-duty Operations vehicles used across Reynolds' North Carolina and Tennessee facilities, which will be transitioned to a combination of hybrid and electric models as part of this initiative.

STEMTECH CORPORATION Partners with VERB in Launching Interactive Video and Livestreaming Sales Enablement Apps to Strengthen Direct Sales Channel

Retrieved on: 
Monday, July 25, 2022
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MIRAMAR, FL, and NEWPORT BEACH, Calif., July 25, 2022 (GLOBE NEWSWIRE) -- Stemtech Corporation (“Stemtech”) (OTCQB: STEK), an innovative nutraceutical company and a pioneer in the field of stem cell nutrition, today announced that Stemtech has adopted a suite of sales enablement software solutions, developed by Verb Technology Company, Inc. (Nasdaq: VERB), including verbCRM, VERB’s white-labelled interactive video-based customer relationship management application, and verbLIVE, VERB’s interactive livestream eCommerce and shoppable video and webinar application, for use in direct selling and customer and prospect communications by its network of Independent Business Partners (IBPs).

Key Points: 
  • Stemtechs primary marketing and distribution channel is through a direct sales structure, which offers supplemental and residual income-earning potential to IBPs.
  • We are thrilled to include Stemtech among the forward-thinking companies that have embraced VERBs interactive video and livestreaming technology to grow sales, said Rory J. Cutaia, CEO of VERB.
  • We are proud to be Stemtechs technology partner to help empower its Independent Business Partners with industry-leading sales enablement tools.
  • Verb Technology Company, Inc. (Nasdaq: VERB), the market leader in interactive video-based sales applications, transforms how businesses attract and engage customers.

State Affairs Announces Its Founding Editor-in-Chief Alison Bethel

Retrieved on: 
Saturday, July 23, 2022
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NEW YORK, July 22, 2022 /PRNewswire-PRWeb/ -- State Affairs Announces Its Founding Editor-in-Chief Alison Bethel

Key Points: 
  • State Affairs has found the right leader in Alison Bethel.
  • Bethel [formerly, Alison Bethel McKenzie] joined State Affairs from Report for America where she was vice president of corps excellence.
  • "As we all know, the number of reporters covering state houses has shrunk dramatically over the years, but today we are seeing a rebirth in state house news coverage and State Affairs is proud to be a part of that movement.
  • State Affairs launched its first newsroom on Aug. 1, 2021, in Georgia.

HASI Investor Alert: Kaplan Fox Investigates Potential Fraud of Hannon Armstrong Sustainable Infrastructure Capital, Inc.

Retrieved on: 
Friday, July 22, 2022
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NEW YORK, July 22, 2022 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP ( www.kaplanfox.com ) is investigating claims on behalf of investors of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (Hannon Armstrong) (NYSE: HASI).

Key Points: 
  • NEW YORK, July 22, 2022 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP ( www.kaplanfox.com ) is investigating claims on behalf of investors of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (Hannon Armstrong) (NYSE: HASI).
  • On July 12, 2022, short selling firm Muddy Waters published a report focusing on Hannon Armstrongs accounting.
  • Specifically, the Report states that Hannon Armstrongs accounting is so complex and misleading that its financial statements are effectively meaningless.
  • Following this news, Hannon Armstrong stock fell 19%, $6.92 per share, to close at $29.40 per share on July 12, 2022.

Kinetik Publishes 2021 ESG Report and Announces Appointment of Deborah Byers to its Board of Directors

Retrieved on: 
Thursday, July 21, 2022
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Our commitment to advancing the sustainability initiatives outlined in the 2021 ESG Report is evidenced by our recently issued Sustainability-Linked Financing Framework and Senior Notes.

Key Points: 
  • Our commitment to advancing the sustainability initiatives outlined in the 2021 ESG Report is evidenced by our recently issued Sustainability-Linked Financing Framework and Senior Notes.
  • Kinetik additionally announced the appointment of Deborah Byers to the Kinetik Board of Directors, effective July 20, 2022.
  • Ms. Byers appointment brings the Board to its full complement of 11 directors.
  • Kinetik also announced, effective July 20, 2022, Ronald Schweizer has been appointed to replace Thomas Lefebvre on the Board of Directors.

ACNB Corporation Announces Third Quarter Cash Dividend

Retrieved on: 
Thursday, July 21, 2022
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GETTYSBURG, Pa., July 21, 2022 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced today that the Board of Directors approved and declared a regular quarterly cash dividend of $0.26 per share of ACNB Corporation common stock payable on September 15, 2022, to shareholders of record as of September 1, 2022.

Key Points: 
  • GETTYSBURG, Pa., July 21, 2022 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced today that the Board of Directors approved and declared a regular quarterly cash dividend of $0.26 per share of ACNB Corporation common stock payable on September 15, 2022, to shareholders of record as of September 1, 2022.
  • This per share amount reflects a 4.0% increase over the same quarter of 2021 and will result in aggregate dividend payments of approximately $2.2 million to ACNB Corporation shareholders in the third quarter of 2022.
  • Compared to a year ago, ACNB Corporation paid a $0.25 dividend per common share in the third quarter of 2021.
  • ACNB Corporation is pleased to continue its long history of shareholder commitment with payment, once again, of a solid quarterly cash dividend in the third quarter of 2022.