ROGERS

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
Northern Trust, Executive, McKinsey & Company, Senior, Alliant, CIBC, Marriott International, Alliant Credit Union, Management

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
Tao, CIBC, Tax, RWA, Risk, European Systemic Risk Board, Research Papers in Economics, Contagion, RT, The Big Six, NBC, International, Shock, Observation, Bank of Canada, HTC, European Economic Association, The Washington Post, Great, JPMorgan Chase, Paper, GM, Environment, Political economy, Journal of Financial Economics, COVID-19, Perception, BNS, Website, Silicon, IAT, Cifuentes, Probability, Balance sheet, RAN, Medical classification, Algorithm, Information technology, Quarterly Journal of Economics, LN, Nature, European Journal, Royal Bank of Canada, Technical report, Journal of Political Economy, Equitable Bank, Bankruptcy, RAI, PDF, Private, ECB, Policy, CHS, Supercapacitor, Social science, Journal of Financial Stability, Intelligence (journal), Elsevier, Home, Cambridge University Press, Journal, Springer Science+Business Media, Research, Classification, Regulation, News, EQB, Credit, Literature, AIK, European Central Bank, COVID, SVAR, Section 5, Management science, DRA, M4, VL, National bank, Government, ISSN, BMO, Panel, International Financial Reporting Standards, BIS, FIS, Basel III, Commerce, Scotiabank, C32, Econometric Society, Interbank, Fraud, Section 4, Bank, Schedule, VAR, Section 3, The Journal of Finance, RBC, Volcanic explosivity index, Fire, Wassily Leontief, Financial economics, Metric, Section 2, L14, Central bank, Superintendent, Bank of Montreal, Kronecker, BOC, Lithium, BCBS, Sale, Macroeconomic Dynamics, Christophe, CWB, LBC, NHA, Imperial Bank, Private equity, Quarterly Journal, National Bank of Canada, C51, Canadian Western Bank, Currency crisis, JEL classification codes, Victor Drai, L.1, MFC, Silicon Valley Bank, EB, Laurentian Bank of Canada, Federal, RA1, Series, W0, FEVD, Journal of Econometrics, Aggregate, University, FRB, MB, Financial institution, Element, Health, Book, Angels & Airwaves, Common, OSFI, GFC, Reproduction, K L, Systematic, Housing, G21, Home Capital Group, Communications satellite

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.

Monetary asmmetries without (and with) price stickiness

Retrieved on: 
Friday, April 19, 2024
Online, University, Public Security Section 9, Employment, Calibration, Small, Equity, Volume Ten, Research Papers in Economics, Policy, A.4, Communication, Crisis, Mass, Silvana Tenreyro, Business, Shock, Intuition, Business cycle, TFP, Volume, European Economic Review, Marginal value, SME, NBER, Forecasting, Depression, 3rd millennium, European Economic Association, Conceptual model, Journal of Monetary Economics, Insurance, Harmonization, Great Depression, CES, Economic Inquiry, Paper, Environment, Political economy, Journal of Financial Economics, MIT, University of York, COVID-19, Behavior, Review of Economic Dynamics, Rigid transformation, Website, Access to finance, Accounting, Working paper, Probability, Total, Appendix, Section 8, Quarterly Journal of Economics, Zero lower bound, Curve, Chapter, Cost, Nominal, Journal of Political Economy, Euro, PDF, ECB, Unemployment, Hoarding, STAT, Economic Policy (journal), Household, Canadian International Council, Social science, Government, Federal Reserve Bank, JEL, Journal, Textbook, Missing, Food, Private sector, A.5, Asymmetric, The Journal of Finance, Credit, Speech, Princeton University Press, Literature, NK, European Central Bank, Growth, Labour, Monetary economics, Loss aversion, Financial intermediary, Injection, Elasticity, Inventory, Subprime lending, Ben Bernanke, Finance, BIS, Phillips curve, International Economic Review, Money, London School of Economics, Marginal product of labor, Pruning, Marginal product, The Economic Journal, Rate, Aswath Damodaran, Risk, OECD, Competition (economics), Section 4, MIT Press, Consumption, Bond, Section 3, Yield curve, Loanable funds, Habit, Cobb–Douglas production function, Economy, Aarhus University, Financial economics, Section 2, Conference, Central bank, Chapter Two, Monetary policy, Capital, Hartman–Grobman theorem, CEPR, Framework, American Economic Review, Capital Markets Union, ZLB, Exercise, Liquidity, Interest, Intensive word form, Workshop, European Commission, Macroeconomic Dynamics, Population growth, B1, Response, Quarterly Journal, Community business development corporation, GDP, E31, Control, Journal of Economic Theory, Christian Social Union (UK), T2M, Hamper, Data, American Economic Journal, Aggregate, Konstantinidis, B.1, A.9, A.6, Remuneration, Civil service commission, EUR, Uncertainty, Motivation, A.7, Bank, GFC, Section 13, Motion, Reproduction, IMF, Staggers Rail Act, Abstract, Tale, Handbook, Asymmetry, Stanford University, Communications satellite
Key Points: 

    Rogers Collaborates with CableLabs to Develop Industry-Leading Network Technology for Canadians

    Retrieved on: 
    Tuesday, April 9, 2024
    Rogers Communications, Charter, Com, Comcast, Knowledge, Research, Shaw, Information officer, Workplace, CableLabs, Cryptocurrency

    CALGARY, Alberta, April 09, 2024 (GLOBE NEWSWIRE) -- Rogers Communications today announced it is collaborating with CableLabs to bring the world’s best technology to Canadians.

    Key Points: 
    • CALGARY, Alberta, April 09, 2024 (GLOBE NEWSWIRE) -- Rogers Communications today announced it is collaborating with CableLabs to bring the world’s best technology to Canadians.
    • Located in Calgary at Rogers Barlow campus, CableLabs will be deepening its expertise in Canada through “CableLabs North,” bringing together global industry partners and Rogers technologists to collaborate on network technology solutions.
    • Together, the teams will develop new innovative applications and provide customers seamless connections in and out of the home or workplace.
    • “CableLabs is excited to work closely with Rogers to make ‘CableLabs North’ a reality.

    Rogers $1M Season of Canada’s Got Talent: Top Performances from Tonight’s Episode on Citytv

    Retrieved on: 
    Wednesday, March 27, 2024
    PEI, Prince Albert, DANA, CIBC, Talent (measurement), DUO, Chipewyan, SAM, Demi Lovato, Lilly, Radiohead, NS, MEGAN, Film industry

    – Rogers is giving this year’s winner $1M, the largest cash prize in Canadian television history –

    Key Points: 
    • – Rogers is giving this year’s winner $1M, the largest cash prize in Canadian television history –
      – Catch up on tonight’s episode of Canada’s Got Talent on-demand or stream on Citytv+.
    • DANA SCHIEMANN (Toronto, ON) left the judges split in their voting with her surprising guitar performance.
    • Together with Canada’s Got Talent, Rogers is committed to investing in premium original Canadian content while fostering homegrown talent.
    • Last year, Rogers contributed approximately $950M to Canadian content and produced over 12,700 hours of unique Canadian programming.

    Rogers $1M Season of Canada’s Got Talent: Top Performances from Tonight’s Episode on Citytv

    Retrieved on: 
    Wednesday, March 20, 2024
    CIBC, MAT, AB, Carbonear, Talent (measurement), Kardinal Offishall, MYM, CGT, Lilly, Queen, Film industry

    – Rogers is giving this year’s winner $1M, the largest cash prize in Canadian television history –

    Key Points: 
    • – Rogers is giving this year’s winner $1M, the largest cash prize in Canadian television history –
      – Catch up on tonight’s episode of Canada’s Got Talent on-demand or stream on Citytv+.
    • Singer MATTHEW COOPER’s (Carbonear, NL) performance of “Who Wants To Live Forever” by Queen, brought all four judges to their feet.
    • 4-year-old YUVIN MARASINI (Ajax, ON) – the youngest contestant to grace the CGT stage – performed an adorable cover of “Vacation” by Dirty Heads.
    • Together with Canada’s Got Talent, Rogers is committed to investing in premium original Canadian content while fostering homegrown talent.

    Acadia Healthcare Appoints Dr. Stephanie Eken as Chief Medical Officer

    Retrieved on: 
    Thursday, April 4, 2024
    Mental Health, Health, Hospitals, Physical Therapy, Managed Care, General Health, Psychiatry, Patient, Mental health, Child, University, Adolescence, Pediatrics, Acadia Healthcare, Safety, Multimedia, Medical device

    Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced the appointment of Dr. Stephanie Eken as the Company’s new chief medical officer.

    Key Points: 
    • Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced the appointment of Dr. Stephanie Eken as the Company’s new chief medical officer.
    • View the full release here: https://www.businesswire.com/news/home/20240404108920/en/
      Acadia Healthcare Appoints Dr. Stephanie Eken as Chief Medical Officer (Photo: Business Wire)
      “Acadia is thrilled to welcome Dr. Eken as our new chief medical officer,” said Chris Hunter, Chief Executive Officer of Acadia Healthcare.
    • “This is an exciting time to join Acadia Healthcare,” said Dr. Eken.
    • Dr. Genovese departs Acadia after 10 years with the Company, seven of those as its chief medical officer.