Judgement

Magic Software Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, March 13, 2024
Growth, Exercise, Research, Acquisition, Judgement, Bank statement, GAAP, Magic, Bank

Measured against Magic Software’s annualized 2023 fourth quarter revenue on a go-forward basis, the 2024 annual revenue guidance reflects an annual growth of 7.5% to 9.5%.

Key Points: 
  • Measured against Magic Software’s annualized 2023 fourth quarter revenue on a go-forward basis, the 2024 annual revenue guidance reflects an annual growth of 7.5% to 9.5%.
  • Magic Software believes that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Magic Software’s financial condition and results of operations.
  • These measures are used in financial reports prepared for management and in quarterly financial reports presented to the Company’s board of directors.
  • Reconciliation of the most comparable GAAP financial measures to the non-GAAP financial measures used in this press release are included in the financial tables of this release.

Entire industries vs specific stocks: What are the factors that impact investors’ judgment?

Retrieved on: 
Wednesday, March 13, 2024
Name, Judgement, Maastricht University, Thought, Attention, Behavior, Design

Cambridge, MA, March 13, 2024 (GLOBE NEWSWIRE) -- Entire industries vs specific stocks: What are the factors that impact investors’ judgment?

Key Points: 
  • Cambridge, MA, March 13, 2024 (GLOBE NEWSWIRE) -- Entire industries vs specific stocks: What are the factors that impact investors’ judgment?
  • Money managers should recognize that their clients are more likely to be thinking about broad categories of stocks when distracted by world events.
  • Accordingly, previous work has shown that successful managers time the market well in recessions and pick stocks well in booms.
  • Bhui and Jiao analyzed how long subjects moused over different options, such as information about the industry as a whole or specific stocks.

Consumers Welcome AI for Enhanced Experiences in P&C Insurance but Hesitate on AI’s Role in Financial Decisions, According to Insurity’s 2024 AI in Insurance Report

Retrieved on: 
Tuesday, April 2, 2024
Technology, Insurance, Finance, Fintech, Marketing, Communications, Professional Services, Software, Data Management, Artificial Intelligence, Organization, Trust, Artificial intelligence, Policy, Judgement, Data analysis, System, P&C, Risk management

The findings are from Insurity’s 2024 AI in Insurance Report, which is an essential guide for P&C insurance companies exploring integrating AI technologies and adapting to evolving consumer expectations.

Key Points: 
  • The findings are from Insurity’s 2024 AI in Insurance Report, which is an essential guide for P&C insurance companies exploring integrating AI technologies and adapting to evolving consumer expectations.
  • This was closely followed by 32% of respondents supporting AI’s use to deliver personalized products and promotions and 24% of consumers supporting AI in customer service.
  • Respondents were asked a series of 8 questions, ranging from multiple-choice to scale-based, to gauge their opinions on AI in P&C insurance.
  • To learn more about Insurity’s 2024 AI in Insurance Report, please get in touch with [email protected] .

Labaton Keller Sucharow Announces a Proposed Class Action Settlement for All Record Holders and Beneficial Owners of Sculptor Capital Management, Inc. Common Stock Whose Shares Rithm Capital Corp. Acquired at the Closing of the Merger

Retrieved on: 
Friday, April 5, 2024
Class Action Lawsuit, Professional Services, Legal, Vii, Agreement, Prejudice, Notice, Defendant, Class, Episcopal conference, CLASS, Judgement, ARE, Settlement, Plaintiff, Eligibility, Effective date, Hearing, Compromise, LP, Mergers and acquisitions

SUMMARY NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF STOCKHOLDER CLASS ACTION, SETTLEMENT HEARING,

Key Points: 
  • SUMMARY NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF STOCKHOLDER CLASS ACTION, SETTLEMENT HEARING,
    All record holders and beneficial owners of Sculptor Capital Management, Inc. (“Sculptor”) common stock whose shares Rithm Capital Corp. (“Rithm”) acquired at the closing of the Merger.1
    PLEASE READ THIS SUMMARY NOTICE CAREFULLY.
  • YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.
  • The proposed Settlement, if approved, will resolve all claims in the Action and result in the dismissal of the Action with prejudice.
  • Eligible Class Members do not have to submit a claim form to receive a payment from the Settlement.

GrafTech’s Board of Directors Issues Open Letter to Stockholders

Retrieved on: 
Tuesday, April 2, 2024
Technology, Steel, Chemicals, Plastics, Alternative Energy, Manufacturing, Energy, Mining, Minerals, Hardware, Consumer Electronics, Natural Resources, Chair, Letter, Growth, Partnership, International, Accounting, Strategic planning, Public expenditure, Electrode, Security (finance), Record, Judgement, Carbon, Climate change mitigation, GrafTech, Investment, File, Seadrift, Texas, EAF, Annual general meeting, Iron

GrafTech’s Board of Directors (the “Board”) also issued a letter to the Company’s stockholders in connection with the filing.

Key Points: 
  • GrafTech’s Board of Directors (the “Board”) also issued a letter to the Company’s stockholders in connection with the filing.
  • He cites as his relevant board experience his tenure on the board of his children’s school and his condominium association.
  • Moreover, the current Board reflects substantial board refreshment, consistent with its strategy, as 75% of the Board’s current directors have been added since October 2021.
  • In fact, in the open letter Mr. Undavia issued to GrafTech stockholders on March 12, 2024, he all but acknowledged Mr. Taccone’s deep knowledge of the global steel industry.

Potter Handy Law Firm Takes on Class Action Lawsuit Against Select Source for Violation of Fair Credit Reporting Act and Labor Code

Retrieved on: 
Wednesday, April 3, 2024
Class Action Lawsuit, Professional Services, Legal, Consumer, Employment, Plaintiff, Left–right political spectrum, LLP, Crime, Record, Judgement, Complaint, Superior court, FCRA, Private investigator

Potter Handy, renowned for its expertise in employment law and class action lawsuits, has filed a class action lawsuit against Select Source International (Select Source) on behalf of Plaintiffs Eugene Howard, Robert Williams, and other affected individuals.

Key Points: 
  • Potter Handy, renowned for its expertise in employment law and class action lawsuits, has filed a class action lawsuit against Select Source International (Select Source) on behalf of Plaintiffs Eugene Howard, Robert Williams, and other affected individuals.
  • The suit alleges that Select Source willfully violated the Fair Credit Reporting Act (FCRA), the Investigative Consumer Reporting Agencies Act (ICRAA), and Labor Code Section 432.7 for using expunged cases in employment decisions.
  • Potter Handy Law Firm is determined to hold Select Source accountable for its willful violation of these laws.
  • About Potter Handy Law Firm:
    Potter Handy, LLP is a leading law firm due to its extraordinary record of precedent-setting cases.

Guess?, Inc. Announces Issuance of Approximately $12.1 Million of Additional 3.75% Convertible Notes Due 2028 and Retirement of Approximately $14.6 Million of Existing 2.00% Convertible Notes Due 2024

Retrieved on: 
Monday, April 1, 2024
Fashion, Professional Services, Retail, Other Retail, Department Stores, Finance, Bank of America, Uncertainty, GES, Exchange, Bank, CUSIP, Sale, Observation, Judgement, Annual report, Debt-to-GDP ratio, Share repurchase, Subscription business model, Transaction, Repurchase agreement, Security (finance)

Pursuant to the Exchange and Subscription Agreement, the Company will exchange approximately $14.6 million in aggregate principal amount of the 2024 Notes for approximately $12.1 million in aggregate principal amount of additional 3.75% convertible senior notes due 2028 (the “2028 Notes”) (collectively, the “Transactions”).

Key Points: 
  • Pursuant to the Exchange and Subscription Agreement, the Company will exchange approximately $14.6 million in aggregate principal amount of the 2024 Notes for approximately $12.1 million in aggregate principal amount of additional 3.75% convertible senior notes due 2028 (the “2028 Notes”) (collectively, the “Transactions”).
  • The 2028 Notes will have the same CUSIP number as the Existing 2028 Notes and will be issued as additional notes under the indenture governing the Existing 2028 Notes.
  • The 2028 Notes are expected to trade interchangeably with the Existing 2028 Notes immediately upon settlement and be fungible with the Existing 2028 Notes.
  • The 2028 Notes will mature on April 15, 2028, unless earlier repurchased or converted in accordance with their terms.

First Trust Advisors L.P. Announces Distribution for Exchange-Traded Funds

Retrieved on: 
Thursday, March 28, 2024
Banking, Professional Services, Finance, Failure, Uncertainty, Commodity, Hamas, FTP, Face, Infection, ETF, ERISA, Reputational damage, FTA, COVID-19, Risk, Federal, AIB (NI), Terrorism, FLEX, WGTS, Judgement, S&P, Prospectus, Trust, Corporation, Investment, PDR, Federal Deposit Insurance Corporation, OTC, Index, Internal Revenue Code, Federal Reserve, Standard, Fund, Marketing, FINRA, Security (finance)

First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

Key Points: 
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTA has collective assets under management or supervision of approximately $218 billion as of February 29, 2024 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.
  • Please refer to each fund's prospectus and Statement of Additional Information for additional details on a fund's risks.
  • First Trust Advisors L.P. (FTA) is the adviser to the First Trust fund(s).

First Trust Enhanced Equity Income Fund Issues Notice Regarding March 2024 Distribution

Retrieved on: 
Thursday, March 28, 2024
Asset Management, Professional Services, Finance, Uncertainty, Hamas, FTP, Infection, ERISA, Notice, FTA, Risk, COVID-19, Federal, AIB (NI), Terrorism, Movement, Judgement, Investment, Internal Revenue Code, Federal Reserve, Fund, Calendar, FINRA, Net asset value, Security (finance)

(2) The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital.

Key Points: 
  • (2) The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital.
  • A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."
  • The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

The Chemours Company Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, March 27, 2024
Technology, Construction & Property, Semiconductor, Automotive, Engineering, Chemicals, Plastics, Other Automotive, Manufacturing, Machine Tools, Metalworking & Metallurgy, Other Construction & Property, Immersion, EUR, Corteva, Advanced Materials, Absorption, Growth, PFAS, Segment, TSS, Intermediate 1, Form, District court, Webcast, Capital expenditure, Electronics, Accounting, Public expenditure, Capital, Judgement, Adjustment, APM, Event, USD, Titanium dioxide, Drinking water, Corporation, Fine chemical

APM segment fourth quarter 2023 Net Sales were $325 million, down 15% compared to the fourth quarter 2022.

Key Points: 
  • APM segment fourth quarter 2023 Net Sales were $325 million, down 15% compared to the fourth quarter 2022.
  • Performance Solutions portfolio’s fourth quarter 2023 Net Sales were $134 million, up 11% vs. the prior-year quarter.
  • Advanced Materials portfolio’s fourth quarter 2023 Net Sales were $191 million, down 27% vs. the prior-year quarter.
  • For the first quarter 2024, we expect consolidated Net Sales to be flat to slightly down sequentially, with consolidated Adjusted EBITDA down approximately 10% compared with fourth quarter 2023 results.