ROGERS

ROBERT F. KENNEDY HUMAN RIGHTS NAMES 2024 RIPPLE OF HOPE AWARD LAUREATES

Retrieved on: 
Wednesday, May 1, 2024
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The RFK Ripple of Hope Award annually honors exemplary leaders across government, business, advocacy, and entertainment who have demonstrated an unwavering commitment to social change and worked to protect and advance equity, justice, and human rights.

Key Points: 
  • The RFK Ripple of Hope Award annually honors exemplary leaders across government, business, advocacy, and entertainment who have demonstrated an unwavering commitment to social change and worked to protect and advance equity, justice, and human rights.
  • This year's laureates have made a widespread impact, including Wilson's work to empower youth and improve communities through the Allstate Foundation.
  • "We created the Ripple of Hope award based on my father's belief that each of us have the power to make a difference," said Kerry Kennedy, president of RFK Human Rights.
  • Learn more about RFK Human Rights and its annual Ripple of Hope Award here.

TD and the Blue Jays™ team up to offer eligible TD Credit Cardholders exclusive perks at 2024 regular season home games

Retrieved on: 
Monday, April 29, 2024
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Eligible TD Credit Cardholders will get 10% back as a statement credit† on eligible concession purchases at Rogers CentreTM during 2024 Blue Jays regular season home games.

Key Points: 
  • Eligible TD Credit Cardholders will get 10% back as a statement credit† on eligible concession purchases at Rogers CentreTM during 2024 Blue Jays regular season home games.
  • Eligible TD Credit Cardholders will also get Priority Line Access at gate 6A at Rogers Centre* during 2024 Blue Jays regular season home games.
  • †Available to TD® Aeroplan® Visa Platinum* , TD® Aeroplan® Visa Infinite*, TD® Aeroplan® Visa Infinite Privilege*, TD® Aeroplan® Visa* Business, TD First Class Travel® Visa Infinite*, TD Platinum Travel Visa*, TD Rewards Visa*, TD Business Travel Visa*, TD Cash Back Visa Infinite*, TD Cash Back Visa*, TD Business Cash Back Visa*, TD Low Rate Visa*, TD Business Select Rate™ Visa*, and TD U.S. Dollar Visa*, TD Emerald Flex Rate Visa*, and TD Green Visa* credit card accounts.
  • *Available to TD® Aeroplan® Visa Platinum*, TD® Aeroplan® Visa Infinite*, TD® Aeroplan® Visa Infinite Privilege*, TD® Aeroplan® Visa* Business, TD First Class Travel® Visa Infinite*, TD Platinum Travel Visa*, TD Business Travel Visa*, TD Cash Back Visa Infinite*, TD Business Cash Back Visa*, TD Business Select Rate™ Visa* credit card accounts.

America’s Car-Mart to Acquire Texas Auto Center

Retrieved on: 
Thursday, May 2, 2024
Acquisition, Growth

ROGERS, Ark., May 02, 2024 (GLOBE NEWSWIRE) -- America’s Car-Mart, Inc. (NASDAQ:CRMT), today announced that it has entered into a definitive agreement to purchase the dealership assets of Texas Auto Center (“TAC”).

Key Points: 
  • ROGERS, Ark., May 02, 2024 (GLOBE NEWSWIRE) -- America’s Car-Mart, Inc. (NASDAQ:CRMT), today announced that it has entered into a definitive agreement to purchase the dealership assets of Texas Auto Center (“TAC”).
  • Since founding Texas Auto Center in 1995, Bob and Erika Blankenship have grown their operation into an award-winning dealership group with locations in Austin and San Marcos, Texas.
  • “The acquisition of Texas Auto Center furthers our commitment to acquisitions being a part of our growth strategy.
  • We are excited to welcome them, and the entire Texas Auto Center team, to America’s Car-Mart.”
    “We are very excited to enter into this relationship,” said Bob Blankenship.

Prime Video to Become the Home of National Monday Night NHL Games in Canada Beginning in 2024-25 Season, with Prime Monday Night Hockey

Retrieved on: 
Thursday, April 25, 2024
AMZN, Ecosystem, International, Amazon Web Services, Amazon Prime Video, Sport, Partnership, Rogers Communications, Senior ice hockey, Rogers Sports & Media, NHL on Sportsnet, Sportsnet, Toronto Maple Leafs, NHL, Hockey, Season, NWSL, National Hockey League, Boy, Lord, AWS, Boys

TORONTO, April 25, 2024 (GLOBE NEWSWIRE) -- Amazon (NASDAQ: AMZN), Rogers Communications, and the National Hockey League (NHL) today announced a milestone two-year agreement in Canada to bring hockey fans Monday night NHL hockey exclusively on Prime Video.

Key Points: 
  • TORONTO, April 25, 2024 (GLOBE NEWSWIRE) -- Amazon (NASDAQ: AMZN), Rogers Communications, and the National Hockey League (NHL) today announced a milestone two-year agreement in Canada to bring hockey fans Monday night NHL hockey exclusively on Prime Video.
  • Prime Monday Night Hockey will stream all national regular season Monday night NHL games in English for the 2024/25 and 2025/26 NHL seasons.
  • The deal is the NHL’s first exclusive national broadcast package with a digital-only streaming service in Canada.
  • The Prime Monday Night Hockey package, produced by Prime Video, will feature a new broadcast team offering in-depth analysis and play-by-play coverage, and stream live exclusively to Prime members in Canada.

Rogers to Bring World-Class Comcast and Xfinity Products to Canada

Retrieved on: 
Wednesday, April 24, 2024
Storm, SpaceX, Connectivity, Internet, System, News, Comcast, Love, Partnership, Rogers Communications, Wi-Fi, Human, SMS, Smartphone, Tree, Running, Entertainment, Mobile phone

TORONTO, April 24, 2024 (GLOBE NEWSWIRE) -- Rogers Communications announced today a 10-year agreement with Comcast to bring the latest award-winning Xfinity products and technology to Canadians across the country. Soon, millions of Rogers customers will be able to experience the future of entertainment with a new device powered by Entertainment OS, the next generation of connectivity via the best gateways and devices, as well as an expanded suite of home security products and features all developed by Comcast and Xfinity.

Key Points: 
  • TORONTO, April 24, 2024 (GLOBE NEWSWIRE) -- Rogers Communications announced today a 10-year agreement with Comcast to bring the latest award-winning Xfinity products and technology to Canadians across the country.
  • “Our partnership with Comcast builds on our legacy of bringing Canadians the best networks, entertainment and services in the world,” said Tony Staffieri, President and CEO, Rogers Communications.
  • As part of the agreement, the latest broadband, smart home and connectivity products available to Xfinity customers will be coming to Canada through Rogers starting later this year.
  • Today’s announcement builds on Rogers commitment to bring the best innovations from around the world to Canadians.

Rogers Communications Declares 50 Cents per Share Quarterly Dividend

Retrieved on: 
Wednesday, April 24, 2024
Sale, Treasury, TSX, Form, RCI, Holding company

TORONTO, April 24, 2024 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B) (NYSE: RCI) (“Rogers”) announced that its Board of Directors declared a quarterly dividend totaling 50 cents per share (the “Quarterly Dividend”) on each of its outstanding Class B Non-Voting shares (“Class B Shares”) and Class A Voting shares.

Key Points: 
  • TORONTO, April 24, 2024 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B) (NYSE: RCI) (“Rogers”) announced that its Board of Directors declared a quarterly dividend totaling 50 cents per share (the “Quarterly Dividend”) on each of its outstanding Class B Non-Voting shares (“Class B Shares”) and Class A Voting shares.
  • The Quarterly Dividend will be paid on July 5, 2024 to shareholders of record on June 10, 2024.
  • Quarterly dividends are only payable as and when declared by Rogers’ Board and there is no entitlement to any dividend prior thereto.
  • Under the Plan, Rogers’ Board determines whether the additional Class B Shares will be purchased on the open market or issued by Rogers from treasury.

Rogers Communications Reports First Quarter 2024 Results

Retrieved on: 
Wednesday, April 24, 2024
Toronto Blue Jays, International, Conversation, Investment, Shaw, Depreciation, Shaw Mobile, Cable & Wireless, MD, Partnership, Cable, Success, Public expenditure, Sportsnet, Acquisition, Ratio, Telecommunications, Advertising, Wireless, Growth, Bookkeeping

Consolidated adjusted EBITDA increased 34% this quarter and our adjusted EBITDA margin increased by 210 basis points, as a result of improving synergies and efficiencies.

Key Points: 
  • Consolidated adjusted EBITDA increased 34% this quarter and our adjusted EBITDA margin increased by 210 basis points, as a result of improving synergies and efficiencies.
  • We also returned $265 million in dividends to shareholders this quarter and we declared a $0.50 per share dividend on April 23, 2024.
  • See "Non-GAAP and Other Financial Measures" in our Q1 2024 MD&A for more information about this measure, available at www.sedarplus.ca.
  • See "Financial Condition" in our Q1 2024 MD&A for a reconciliation of available liquidity.

Alliant Credit Union Welcomes New Members to Board of Directors

Retrieved on: 
Friday, April 26, 2024
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CHICAGO, April 26, 2024 /PRNewswire/ -- Alliant Credit Union, a leader in digital banking and one of the largest credit unions in the nation, announces the appointment of four members to its board of directors.

Key Points: 
  • CHICAGO, April 26, 2024 /PRNewswire/ -- Alliant Credit Union, a leader in digital banking and one of the largest credit unions in the nation, announces the appointment of four members to its board of directors.
  • The recently appointed board members:
    Woody Woodring, served as the Executive Vice President and Chief Credit Officer of Trust Financial Corporation before retiring in 2022.
  • "We are thrilled to welcome these esteemed and accomplished individuals to Alliant's Board of Directors," said Dennis Devine, Alliant CEO and President.
  • "Their diverse backgrounds and extensive experience will be instrumental in shaping the future of Alliant Credit Union and furthering our commitment to our members."

Prime Video to Become the Home of National Monday Night NHL Games in Canada Beginning in 2024-25 Season, with Prime Monday Night Hockey

Retrieved on: 
Thursday, April 25, 2024
AMZN, Amazon Web Services, Amazon Prime Video, Sport, Partnership, Rogers Communications, Senior ice hockey, Rogers Sports & Media, Amazon, NHL on Sportsnet, Sportsnet, Toronto Maple Leafs, NHL, Hockey, Season, NWSL, National Hockey League, Boy, Lord, AWS, Boys

TORONTO, April 25, 2024 /CNW/ - Amazon (NASDAQ: AMZN), Rogers Communications, and the National Hockey League (NHL) today announced a milestone two-year agreement in Canada to bring hockey fans Monday night NHL hockey exclusively on Prime Video.

Key Points: 
  • TORONTO, April 25, 2024 /CNW/ - Amazon (NASDAQ: AMZN), Rogers Communications, and the National Hockey League (NHL) today announced a milestone two-year agreement in Canada to bring hockey fans Monday night NHL hockey exclusively on Prime Video.
  • Prime Monday Night Hockey will stream all national regular season Monday night NHL games in English for the 2024/25 and 2025/26 NHL seasons.
  • The Prime Monday Night Hockey package, produced by Prime Video, will feature a new broadcast team offering in-depth analysis and play-by-play coverage, and stream live exclusively to Prime members in Canada.
  • "With Prime Monday Night Hockey, we're offering our customers even more from their Prime membership," said Magda Grace, head of Prime Video, Canada, Australia and New Zealand.

Decomposing systemic risk: the roles of contagion and common exposures

Retrieved on: 
Tuesday, April 23, 2024
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Abstract

Key Points: 
    • Abstract
      We evaluate the effects of contagion and common exposure on banks? capital through
      a regression design inspired by the structural VAR literature and derived from the balance
      sheet identity.
    • Contagion can occur through direct exposures, fire sales, and market-based
      sentiment, while common exposures result from portfolio overlaps.
    • First, we document that contagion varies in time, with the highest levels
      around the Great Financial Crisis and lowest levels during the pandemic.
    • Our new framework complements
      traditional stress-tests focused on single institutions by providing a holistic view of systemic risk.
    • While existing literature presents various contagion narratives, empirical findings on
      distress propagation - a precursor to defaults - remain scarce.
    • We decompose systemic risk into three elements: contagion, common exposures, and idiosyncratic risk, all derived from banks? balance sheet identities.
    • The contagion factor encompasses both sentiment- and contractual-based elements, common exposures consider systemic
      aspects, while idiosyncratic risk encapsulates unique bank-specific risk sources.
    • Our empirical analysis of the Canadian banking system reveals the dynamic nature of contagion, with elevated levels observed during the Global Financial Crisis.
    • In conclusion, our model offers a comprehensive lens for policy intervention analysis and
      scenario evaluations on contagion and systemic risk in banking.
    • This
      notion of systemic risk implies two key components: first, systematic risks (e.g., risks related
      to common exposures) and second, contagion (i.e., an initially idiosyncratic problem becoming
      more widespread throughout the financial system) (see Caruana, 2010).
    • In this paper, we decompose systemic risk into three components: contagion, common exposures, and idiosyncratic risk.
    • First, we include contagion in three forms: sentiment-based contagion, contractual-based
      contagion, and price-mediated contagion.
    • In this context,
      portfolio overlaps create common exposures, implying that bigger overlaps make systematic
      shocks more systemic.
    • With the COVID-19 pandemic starting
      in 2020, contagion drops to all time lows, potentially related to strong fiscal and monetary
      supports.
    • That is, our
      structural model provides a framework for analyzing the impact of policy interventions and
      scenarios on different levels of contagion and systemic risk in the banking system.
    • This provides a complementary approach to
      seminal papers that took a structural approach to contagion, such as DebtRank Battiston et al.
    • More generally, the literature on networks and systemic risk started with Allen and Gale
      (2001) and Eisenberg and Noe (2001).
    • The matrix is structured as follows:
      1

      In our model, we do not distinguish between interbank liabilities and other types of liabilities.

    • In other words, we can and aim to estimate different degrees
      of contagion per asset class, i.e., potentially distinct parameters ?Ga .
    • For that, we build three major
      metrics to check: average contagion, average common exposure, and average idiosyncratic risk.
    • N i j

      et ,
      Further, we define the (N ?K) common exposure matrix as Commt = [A

      (20)

      et ]diag (?C
      ?L

      such that average common exposure reads,
      average common exposure =

      1 XX
      Commik,t .

    • N i j

      (22)

      20

      ? c ),

      The three metrics?average contagion, average common exposure, and average idiosyncratic risk?provide a comprehensive framework for understanding banking dynamics.

    • Figure 4 depicts the average level of risks per systemic risk channel: contagion risk, common exposure, and idiosyncratic risk.
    • Figure 4: Average levels of contagion (Equation (20)), common exposure (Equation (21)), and idiosyncratic risk
      (Equation (22)).
    • The market-based contagion is the contagion due to
      investors? sentiment, and the network is an estimate FEVD on volatility data.
    • For most of
      the sample, we find that contagion had a bigger impact on the variance than common exposures.