Timothy | Jotup

Kay Properties Expands Its Team of Delaware Statutory Trust Specialists with the Appointment of Timothy Emanuel as Vice President

Retrieved on:

Thursday, March 14, 2024

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TORRANCE, Calif., March 14, 2024 /PRNewswire/ -- Kay Properties and Investments, which operates one of the nation's largest 1031 exchange property and real estate investment marketplaces, announced today it has strengthened its team of Delaware Statutory Trust specialists by appointing Timothy Emanuel as Vice President.

Key Points:

TORRANCE, Calif., March 14, 2024 /PRNewswire/ -- Kay Properties and Investments, which operates one of the nation's largest 1031 exchange property and real estate investment marketplaces, announced today it has strengthened its team of Delaware Statutory Trust specialists by appointing Timothy Emanuel as Vice President.
Founded by CEO Dwight Kay, Kay Properties & Investments currently has over 2,270 accredited investors who have invested in over 9,100 DST investment assets nationwide.
We feel fortunate to include Timothy as a member of our team," said Dwight Kay, Founder and CEO of Kay Properties.
"Kay Properties has a tremendous reputation within the alternative real estate and 1031 exchange DST industries for their integrity and expertise.

Timothy Go Elected to Celanese Board of Directors

Retrieved on:

Wednesday, February 28, 2024

Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced that Timothy Go has been elected to the company’s Board of Directors.

Key Points:

Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced that Timothy Go has been elected to the company’s Board of Directors.
Mr. Go, 57, is President, Chief Executive Officer, and a member of the Board of Directors of HF Sinclair Corporation.
He will begin his Board service effective immediately, bringing the total number of Board members to twelve (eleven of which are independent).
“We are delighted to have Tim join the Celanese Board, where his leadership experience in the energy and specialty chemical industries will enable him to bring an immensely valuable perspective,” said Lori Ryerkerk, Chair, Chief Executive Officer and President, Celanese Corporation.

GOODYEAR ANNOUNCES WINNERS IN 40TH ANNIVERSARY HIGHWAY HERO PROGRAM

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Monday, March 4, 2024

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AKRON, Ohio, March 4, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced two winners in the 40th anniversary Goodyear Highway Hero program. Since 1983, Goodyear has recognized commercial drivers who go above and beyond their regular duties to keep our highways safe by acting courageously for the good of others on roadways across the U.S. and Canada.

Key Points:

AKRON, Ohio, March 4, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced two winners in the 40th anniversary Goodyear Highway Hero program.
In June 2023, Timothy VanNostrand, an owner/operator of his own logging transport company from Northville, New York, turned hero.
The Goodyear Highway Hero Award is one way Goodyear helps recognize the importance of the commercial trucking industry.
To learn more about the Highway Hero Award, view exclusive content and read up about former winners, visit www.goodyeartrucktires.com/newsroom/highway-heroes/ .

Connection (CNXN) Reports Fourth Quarter and Full Year 2023 Results

Retrieved on:

Wednesday, February 14, 2024

Fourth Quarter of 2023 Results:

Key Points:

Fourth Quarter of 2023 Results:
Net sales for the quarter ended December 31, 2023 decreased by 4.9%, year over year.
Gross profit increased by 5.2% to $63.2 million in the fourth quarter of 2023, compared to $60.0 million in the prior year quarter.
Gross profit remained flat in the fourth quarter of 2023 at $17.0 million compared to the prior year quarter.
Interest income in the fourth quarter of 2023 was $4.1 million, compared to $0.8 million in the fourth quarter of 2022.

Deposit market concentration and monetary transmission: evidence from the euro area

Retrieved on:

Sunday, February 4, 2024

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Abstract

Key Points:

Abstract
I study the transmission of monetary policy to deposit rates in the euro area with a
focus on asymmetries and the role of banking sector concentration.
Moreover, the
gap between deposit rates across euro area member states - despite being exposed to the same
key ECB interest rates - has widened.
This begs the question whether deposit rates are more
sluggish in response to both policy rate increases and cuts, and what factors might influence the
transmission of monetary policy to deposit rates.
Whether banks are indeed able to adjust deposit rates asymmetrically to positive and
negative changes in policy rates could thus well depend on how much market power they hold
in the deposit market.
Arguing that market power increases in the degree of market concentration,
I further consider whether more concentrated banking sectors set rates (more) asymmetrically.
The response of deposit rates in banking sectors with an average degree of concentration does
not appear asymmetric.
The degree of market concentration is often pointed at, but recent evidence
for the euro area is scarce.
In this paper, I provide empirical evidence on the asymmetric response of deposit rates to
monetary policy, and relate this to the degree of concentration within a country?s banking sector.
Both papers
provide empirical evidence based on US deposit markets showing that deposit rates respond
more rigidly to upward changes in market rates than downward changes, especially so in more
concentrated markets.
Recent research on euro area deposit markets,
instead, has focused more on the transmission of negative policy rates (see e.g.
Whether banks are able to set deposit rates that materially differ from policy rates is affected
ECB Working Paper Series No 2896

4

by market concentration: market power is assumed to increase in the degree of concentration in
the banking sector.
Concentration thus appears to matter for how quickly ECB monetary policy has
been transmitted to deposit rates across the euro area.
Banks thus have a motive to be
rigid in adjusting deposit rates to a ?positive? monetary policy shock.
While customers are generally (and potentially rationally) inattentive, swift and substantial
nominal deposit rate declines may trigger deposit outflows.
relative deposit rate = deposit rate - short term rate
The inverse of the wedge, the relative deposit rate will allow us to see more clearly how
the deposit rate evolves in comparison to the short-term rate.
This then translates to (more
pronounced) effects on the transmission of policy to the deposit wedge, reinforcing the asymmetry discussed before.
More concentration would mean more rigid deposit rates (and thus an
increase in the deposit wedge) in case of positive surprises, and more flexible deposit rates (and
thus a decrease in the deposit wedge) in case of negative surprises (see also e.g.
I add an identical
altered-linex adjustment cost for deposit rates, to capture the upward rigidity and downward
flexibility of deposit rates as well.
As discussed
previously, the deposit rate is particularly rigid in case of a positive shock, illustrating the dividend smoothing motive and bank market power.
Without the asymmetric adjustment cost,
the response of the deposit rates to positive and negative changes in policy would have been
symmetric.
This appears a reasonable assumption
in general, as market concentration or market shares are slow-moving concepts.
3
Methods and data

I study the dynamic response to an unexpected change in monetary policy on deposit rates
in different countries in the euro area.
deposit rate - short-term rate), which for the sake of
brevity I will refer to as the ?relative deposit rate?.
Positive IRFs for the relative deposit rate imply that
the deposit rate has increased by more than the short-term rate, narrowing the wedge between
the short-term rate and the deposit rate.
0
?2
?2
?4
?6

?4
4

8

12

4

Months

8

12

Months

Figure 9: NFC rate response - linear combination of ?0 and ?1

Relative deposit rate at 1 month

Relative deposit rate at 4 months

0.0

0
?1

p.p.
0
0
?2
?1
?4
4

8

12

4

8

Months

12

Months

Figure 12: NFC rate response - linear combination of ?0 and ?1

Relative deposit rate at 1 month

Relative deposit rate at 4 months
2.0

1.5

p.p.
And, (2) how quickly
households and NFCs learn about changes in monetary policy, via the deposit rate, may vary
across the monetary union.
?0 , ?1 )
Figure A16: NFC overnight deposits, small member states
Relative deposit rate (average)

Relative deposit rate (interaction)

2

10
5

p.p.
?0 , ?1 )
Figure A19: NFC overnight deposits, four lags
Relative deposit rate (average)

Relative deposit rate (interaction)
5

0

p.p.
?0 , ?1 )
Figure A28: NFC overnight deposits, small member states
Relative deposit rate (average)

Relative deposit rate (interaction)

3

5.0

2

2.5

p.p.
?0 , ?1 )
Figure A31: NFC overnight deposits, four lags
Relative deposit rate (average)

Relative deposit rate (interaction)

3
2

p.p.

FlooidCX Corporation (OTC: FLCX) dba/ Quantum Energy Corporation Announces Manufacturing Lead and New Florida Offices

Retrieved on:

Tuesday, January 23, 2024

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Quantum Energy Corporation (OTC PINK: FLCX, QREE), (“Quantum” or “FLCX”), a worldwide exclusive licensee and manufacturer of transformative Direct Energy Systems for fully distributed electrical energy, owned and for use by the consumer, today announces the hiring of Timothy Fielding as Vice President – Manufacturing and new Tampa, Florida, offices.

Key Points:

Quantum Energy Corporation (OTC PINK: FLCX, QREE), (“Quantum” or “FLCX”), a worldwide exclusive licensee and manufacturer of transformative Direct Energy Systems for fully distributed electrical energy, owned and for use by the consumer, today announces the hiring of Timothy Fielding as Vice President – Manufacturing and new Tampa, Florida, offices.
The Company is proud to announce the hiring of Timothy Fielding, as VP of manufacturing for the Company.
Fielding will be based out of the Company’s Tampa Florida offices beginning February 1 of this year.
Mr. Fielding’s first assignment is to establish Quantum offices in the Tampa, Florida, market, which is scheduled to open February 1 of this year.

agilon health Announces Tim Bensley to Retire as CFO

Retrieved on:

Friday, January 5, 2024

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agilon health, Inc. (NYSE: AGL), the trusted partner empowering physicians to transform health care in our communities, today announced that Timothy Bensley has informed the company of his intent to retire from his position as Chief Financial Officer (CFO) during 2024, which agilon expects to take place within the next nine months.

Key Points:

agilon health, Inc. (NYSE: AGL), the trusted partner empowering physicians to transform health care in our communities, today announced that Timothy Bensley has informed the company of his intent to retire from his position as Chief Financial Officer (CFO) during 2024, which agilon expects to take place within the next nine months.
The search for a new CFO has been initiated, and Bensley has agreed to remain as CFO through this process and serve in a consulting role through the transition.
“I want to thank Tim for his leadership over the past three years at agilon health, and for the impact he has had on our company, our physician partners, and the communities we serve,” said Steve Sell, chief executive officer, agilon health.
“Tim helped advance our finance function and was key in agilon’s transition to become a publicly traded company in 2021.

Fate of Millions of Veterans' Educational Benefits Lies With Supreme Court

Retrieved on:

Wednesday, November 8, 2023

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WASHINGTON, Nov. 8, 2023 /PRNewswire/ -- The nation's highest court will now decide whether millions of veterans are eligible to receive expanded educational benefits as oral arguments in Rudisill v. McDonough concluded today. The case was brought by FBI Special Agent James R. Rudisill, a decorated U.S. Army veteran, against the Secretary of Veterans Affairs (VA) and seeks to resolve how many months of educational benefits a veteran is entitled to under two different GI Bills.

Key Points:

WASHINGTON, Nov. 8, 2023 /PRNewswire/ -- The nation's highest court will now decide whether millions of veterans are eligible to receive expanded educational benefits as oral arguments in Rudisill v. McDonough concluded today.
Eight years ago, Timothy McHugh , of Troutman Pepper, and David DePippo , of Dominion Energy, began representing Mr. Rudisill pro bono.
Now before the U.S. Supreme Court, Troutman Pepper attorneys Misha Tseytlin , Kevin LeRoy , Abbey Thornhill , Trey Smith , Sean Dutton , and Carson Cox , among others, joined the team to support Mr. Rudisill's, and many other veterans' cause.
"I am grateful to my pro bono legal team who has been by my side every step of the way."

Connection (CNXN) Reports Third Quarter 2023 Results

Retrieved on:

Wednesday, November 1, 2023

Gross profit decreased by 1.0% to $62.7 million in the third quarter of 2023, compared to $63.3 million in the prior year quarter.

Key Points:

Gross profit decreased by 1.0% to $62.7 million in the third quarter of 2023, compared to $63.3 million in the prior year quarter.
Gross profit decreased by 8.3% to $44.2 million in the third quarter of 2023, compared to $48.2 million in the prior year quarter.
Interest income in the third quarter of 2023 was $2.7 million, compared to $0.3 million in the third quarter of 2022.
Connection will host a conference call and live web cast today, November 1, 2023 at 4:30 p.m. EST to discuss its third quarter financial results.

New Study Confirms Phenomix Sciences' Hungry Brain Test Identifies Abnormal Satiation and Predicts Response to Qsymia

Retrieved on:

Wednesday, October 18, 2023

Patient, FDA, Physiology, Biomarker, Obesity, Weight loss, Physician, The Hungry Brain, Satiation, Phenotype, Research, Observation, Mayo Clinic, Machine learning, Gene, AI, Timothy, Medical imaging, Phentermine/topiramate

MENLO PARK, Calif., Oct. 18, 2023 /PRNewswire/ -- Results from a new obesity study conducted at Mayo Clinic to assess the utility of the Phenomix Sciences MyPhenome Hungry Brain test were presented at ObesityWeek 2023 by Mayo Clinic's Dr. Diego Anazco, M.D., research postdoctoral fellow in the lab of Dr. Andres Acosta, M.D., Ph.D. The study demonstrated that Phenomix's Hungry Brain biomarker test could predict both the Hungry Brain phenotype and identify high responders to phentermine-topiramate (phen-top, e.g., Qsymia), an FDA-approved anti-obesity medication for weight loss.

Key Points:

The study demonstrated that Phenomix's Hungry Brain biomarker test could predict both the Hungry Brain phenotype and identify high responders to phentermine-topiramate (phen-top, e.g., Qsymia), an FDA-approved anti-obesity medication for weight loss.
The study used a cohort of data from a 12-month randomized control trial of patients on Qsymia to assess the MyPhenome Hungry Brain test.
the Hungry Brain phenotype), measured by calories to fullness, and the biomarker test identified patients who can achieve greater total body weight loss (TBWL) when treated with Qsymia.
Phenomix released its first two MyPhenome tests for Hungry Gut and Hungry Brain biomarkers this year.