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Cheetah Mobile Announces ADS Ratio Change

Retrieved on: 
Tuesday, August 23, 2022
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BEIJING, Aug. 23, 2022 /PRNewswire/ --Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading Internet company, today announced that it will change the ratio of its American Depositary Share ("ADS") to Class A ordinary share ("Share") from one (1) ADS representing ten (10) Shares to one (1) ADS representing fifty (50) Shares, effective September 2, 2022 (the "ADS Ratio Change").

Key Points: 
  • BEIJING, Aug. 23, 2022 /PRNewswire/ --Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading Internet company, today announced that it will change the ratio of its American Depositary Share ("ADS") to Class A ordinary share ("Share") from one (1) ADS representing ten (10) Shares to one (1) ADS representing fifty (50) Shares, effective September 2, 2022 (the "ADS Ratio Change").
  • For Cheetah Mobile's ADS holders, the change in the ADS ratio will have the same effect as a one-for-five reverse ADS split.
  • Effective September 2, 2022, ADS holders of Cheetah Mobile will be required on a mandatory basis to surrender their old ADS to the depositary bank for cancellation at the rate of five (5) old ADSs for one (1) new ADS.
  • The depositary bank will attempt to sell any fractional ADSs and distribute the cash proceeds.The ADS Ratio Change will have no impact on Cheetah Mobile's underlying ordinary shares.

transcosmos builds & manages Epson Sales Japan official Shopify store

Retrieved on: 
Tuesday, August 23, 2022
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TOKYO, Japan, Aug. 23, 2022 /PRNewswire-PRWeb/ -- transcosmos inc. is proud to announce that the company has built an e-commerce website powered by the e-commerce platform Shopify, for Epson Sales Japan Corporation (Headquarters: Tokyo, Japan; President: Fuminori Suzumura). At the same time, the company has established a one-stop shop operations framework that ranges from marketing promotion, customer services, order management, logistics to inventory management.

Key Points: 
  • Offers a one-stop shop service from e-commerce store launch, marketing promotion, customer services, order management, logistics, to inventory management
    TOKYO, Japan, Aug. 23, 2022 /PRNewswire-PRWeb/ -- transcosmos inc. is proud to announce that the company has built an e-commerce website powered by the e-commerce platform Shopify, for Epson Sales Japan Corporation (Headquarters: Tokyo, Japan; President: Fuminori Suzumura).
  • Chosen as its partner, transcosmos has built a Shopify store for the brand with high-quality UI/UX that reflects the world view of ORIENT STAR brand, presenting content that only official online stores can offer.
  • Now, after opening the store, our members and transcosmos team continue to work closely together via various online tools to bring the store to the next level.
  • transcosmos is a trademark or registered trademark of transcosmos inc. in Japan and other countries.

FLOTEK TO PARTICIPATE IN WATER TOWER RESEARCH FIRESIDE CHAT

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Tuesday, August 23, 2022
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HOUSTON, Aug. 22, 2022 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK), a leader in technology-driven specialty green chemistry solutions will participate in a Fireside Chat hosted by Water Tower Research on Thursday, August 25th at 1:00 p.m. central time.

Key Points: 
  • HOUSTON, Aug. 22, 2022 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK), a leader in technology-driven specialty green chemistry solutions will participate in a Fireside Chat hosted by Water Tower Research on Thursday, August 25th at 1:00 p.m. central time.
  • Flotek Industries, Inc. creates solutions to reduce the environmental impact of energy on air, water, land and people.
  • A technology-driven, specialty green chemistry and data company, Flotek helps customers across industrial, commercial, and consumer markets improve their Environmental, Social, and Governance performance.
  • Additionally, Flotek empowers the energy industry to maximize the value of their hydrocarbon streams and improve return on invested capital through its real-time data platforms and green chemistry technologies.

Burlington Stores, Inc. Releases 2021 Corporate Social Responsibility Report

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Monday, August 22, 2022
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BURLINGTON, N.J., Aug. 22, 2022 (GLOBE NEWSWIRE) -- Burlington Stores, Inc. (NYSE: BURL), a nationally recognized off-price retailer of high-quality, branded apparel, footwear, accessories, and merchandise for the home at everyday low prices, today released its fourth annual Corporate Social Responsibility Report.

Key Points: 
  • BURLINGTON, N.J., Aug. 22, 2022 (GLOBE NEWSWIRE) -- Burlington Stores, Inc. (NYSE: BURL), a nationally recognized off-price retailer of high-quality, branded apparel, footwear, accessories, and merchandise for the home at everyday low prices, today released its fourth annual Corporate Social Responsibility Report.
  • This report highlights the important progress the Company has made across its Environmental, Social and Governance (ESG) initiatives during the fiscal year 2021.
  • In 2021, we launched the Burlington Stores Foundation, a 501(c)(3) non-operating private foundation to build upon our commitment to community.
  • To learn more about our corporate responsibility efforts and view our full 2021 Corporate Social Responsibility Report, please visit our investor relations website at https://www.burlingtoninvestors.com/corporate-social-responsibility .

Texas home builders see “market shift” as total sales drop

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Monday, August 22, 2022
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DALLAS, Aug. 22, 2022 (GLOBE NEWSWIRE) -- As more new home listings appear in local Multiple Listing Services, Texas home builders are seeing a “market shift.” New home sales dropped last month as new home inventory continued to increase according to Ben Caballero, the nation’s top-ranked real estate agent and CEO of HomesUSA.com.

Key Points: 
  • Texas home builders are experiencing a significant market shift, said Caballero.
  • And while these market changes are challenging builders, I expect the strength of the Texas economy will insulate Texas home builders from a significant slowdown, he said.
  • Three of the four major new home markets in Texas Dallas-Ft. Worth, Houston, and San Antonio reported a drop in pending sales last month.
  • The HomesUSA.com monthly report includes 3-month and 12-month moving averages for six essential market data, including Days on Market, sales volume, sales prices, a sales-to-list price ratio, pending sales, and active listings.

ONCOTELIC REPORTS Q2 2022 COMPARED TO Q2 2021 FINANCIAL RESULTS

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Monday, August 22, 2022
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Comparing Q2 2022 to Q2 2021, we reported a net profit, before non-controlling interests, of approximately $16.0 million compared to a net loss of approximately $3.6 million, respectively.

Key Points: 
  • Comparing Q2 2022 to Q2 2021, we reported a net profit, before non-controlling interests, of approximately $16.0 million compared to a net loss of approximately $3.6 million, respectively.
  • Comparing our research and development (R&D) expenses between Q2 2022 and Q2 2021, our R&D expenses decreased by approximately $0.8 million for Q2 2022 compared to the Q2 2021, primarily due to personnel and operational expenses related to OT-101 being borne by the JV.
  • Comparing our general and administrative (G&A) expenses between Q2, 2022 and Q2 2021, our G&A expenses decreased by approximately $2.6 million, primarily due to lower stock compensation expense of approximately $2.0 million during Q2 2021 as compared to $25 thousand during Q2 2022, and lower compensation and operational expenses of approximately $0.3 million which was borne by the JV.
  • Comparing our interest expense for Q2 2022 and Q2 2021, our interest expense increased by $0.7 million based on approximately $1.1 million for Q2 2022, primarily in connection with debt raised from convertible notes and the JH Darbie Financing, the November 2021 to March 2022 Financing and May/June 2022 financing as compared to $0.4 million for Q2 2021, in connection with debt raised from convertible notes and JH Darbie during 2021.

TFI International Announces Agreement to Sell CFI’s Truckload, Temp Control and Mexican Logistics Businesses to Heartland Express

Retrieved on: 
Monday, August 22, 2022
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MONTREAL, Aug. 22, 2022 (GLOBE NEWSWIRE) -- TFI International Inc. (NYSE and TSX: TFII) (“TFI”), a North American leader in the transportation and logistics industry, has signed a definitive agreement to sell CFI’s Truckload, Temp Control and Mexican non-asset logistics businesses (the “CFI TL, TC & MX Business”) to Heartland Express, Inc. (NASDAQ: HTLD) (“Heartland”) for US$525 million, subject to certain agreed upon adjustments. The transaction is subject to the satisfaction or waiver of usual and customary closing conditions, including regulatory approvals.

Key Points: 
  • MONTREAL, Aug. 22, 2022 (GLOBE NEWSWIRE) -- TFI International Inc. (NYSE and TSX: TFII) (TFI), a North American leader in the transportation and logistics industry, has signed a definitive agreement to sell CFIs Truckload, Temp Control and Mexican non-asset logistics businesses (the CFI TL, TC & MX Business) to Heartland Express, Inc. (NASDAQ: HTLD) (Heartland) for US$525 million, subject to certain agreed upon adjustments.
  • CFIs Mexican logistics business has a network of nearly 200 C-TPAT certified Mexico carrier partners.
  • TFI is keeping the Dedicated and US Logistics (non-asset US based logistics services provider) divisions.
  • Under the TFI International umbrella, companies benefit from financial and operational resources to build their businesses and increase their efficiency.

Terminal Transfer Fee Waiver Extended for ICE Midland WTI AGC Futures

Retrieved on: 
Monday, August 22, 2022
Banking, Fintech, Professional Services, Finance, Delivery, Magellan Midstream Partners, Technology, KIDS, NYSE, HOU, EPD, MMP, New York Stock Exchange, Risk, World oil market chronology from 2003, SEC, ADP, MEH, U.S. Securities and Exchange Commission, EFP, New, Intercontinental, Mission statement, Intercontinental Exchange, Annual report, ICE, Private Securities Litigation Reform Act, ECHO, Contract, Oil, Security (finance)

We are seeing consistent volumes going to delivery through the futures contract and, with liquidity building, we see a role for HOU in the expansion of the Brent complex to include Midland WTI barrels.

Key Points: 
  • We are seeing consistent volumes going to delivery through the futures contract and, with liquidity building, we see a role for HOU in the expansion of the Brent complex to include Midland WTI barrels.
  • On August 17, 2022, HOU futures reached a single day volume record with 6,705 contracts traded, equivalent to approximately 6.7 million barrels.
  • At ICE Mortgage Technology , we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration.
  • Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.

Enfusion Appoints Oleg Movchan Interim Chief Executive Officer

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Monday, August 22, 2022
Technology, Software, Software, Securities Exchange Act of 1934, CEO, NYSE, Securities Act of 1933, Solution, Interim, Board, SEC, Organization, New, Leadership, Board of directors, Company, Annual report, Growth, Family, Management, Security (finance), Enfusion

Enfusion, Inc. ("Enfusion") (NYSE: ENFN), a leading provider of cloud-based investment management software and services, today announced that its Board of Directors (the Board) has appointed Oleg Movchan , currently a member of the Board, as Interim Chief Executive Officer, effective August 21, 2022.

Key Points: 
  • Enfusion, Inc. ("Enfusion") (NYSE: ENFN), a leading provider of cloud-based investment management software and services, today announced that its Board of Directors (the Board) has appointed Oleg Movchan , currently a member of the Board, as Interim Chief Executive Officer, effective August 21, 2022.
  • Throughout his 25-year professional career Mr. Movchan has held numerous executive leadership positions across various investment management organizations, a consumer-packaged goods company, and a private equity investment platform.
  • I appreciate the opportunity to serve in this role while the Board conducts a search for Enfusions next CEO, said Mr. Movchan.
  • The Board has retained an executive search firm to assist with the search process for the permanent Chief Executive Officer role.

Wealth Management Team Led by Radhika Mehta and Nick Fanneron Joins First Republic

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Monday, August 22, 2022
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First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that Radhika Mehta and Nick Fanneron have joined First Republic Investment Management in New York.

Key Points: 
  • First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that Radhika Mehta and Nick Fanneron have joined First Republic Investment Management in New York.
  • Radhika Mehta and Nick Fanneron are talented wealth managers who will be strong additions to our expanding team serving metropolitan New York, said Bob Thornton, President of First Republic Private Wealth Management.
  • Mehta has more than 22 years of wealth management experience providing customized wealth management solutions for individuals and families.
  • Before joining First Republic, she was a Senior Vice President and Wealth Management Advisor at Merrill Lynch Wealth Management.