William Lou and Alex Wong assess management’s role in Toronto's struggles and ask if the Raptors can fix their problems in a single offseason this summer.
William Lou and Alex Wong assess management’s role in Toronto's struggles and ask if the Raptors can fix their problems in a single offseason this summer.
The Czech supermodel turned 56 on April 9.
Starbucks reusable cups are officially here, and fans of the coffee chain have plenty of strong feelings.
The Obamas speak out on the killing of an unarmed Black man by the police.
Brioni revealed an industrial plan extending to 2025, expecting to expand in other product categories and high-end leisurewear, but estimating to cut 320 jobs.
Cases of weapons confusion like the Daunte Wright shooting are rare but avoidable, say experts who blame inadequate training in most instances.
Montréal, Québec--(Newsfile Corp. - April 13, 2021) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (OTC Pink: MNXXF) ("Manganese X" or the "Company") is pleased to announce that shareholders of the Company (the "Shareholders") have approved the Company's previously-announced statutory plan of arrangement with Graphano Energy Ltd. (the "Plan of Arrangement") to spin out its Lac Aux Bouleaux graphite property, located in the province of Quebec. Further, the Company is pleased to announce ...
The U.S. Environmental Protection Agency (EPA) has recognized CBRE with a 2021 ENERGY STAR® Partner of the Year Sustained Excellence Award for continued leadership and superior contributions to ENERGY STAR. This marks the 14th consecutive year CBRE has earned ENERGY STAR's Partner of the Year Award.
CPB today announced the arrival of industry heavyweight and former GSD&M President, Marianne Malina, who will helm the company as Global CEO, beginning May 17th. Malina joins an expanding leadership team, including recently hired Chief Creative Officer, Jorge Calleja, and CPB veteran and Managing Director, Ryan Skubic, in reshaping the storied industry leader for the modern era.
Throughout COVID-19, we've seen the devastation in marginalized communities caused by health inequities and barriers, including systemic racism, poverty, isolation, lack of housing and homelessness, precarious work, as well as other factors related to the determinants of health. Many people wonder what they can do to help effect change, and what steps they can take to begin. That's why we're excited to invite you to join the Alliance for Healthier Communities and help grow the movement towards healthier people, healthier communities, a more inclusive society, and a more sustainable health care system. Now more than ever, we need to broaden the voice of health equity in Ontario and more widely. And we need you to do it.
Gores Holdings VII, Inc. (Nasdaq: GSEVU) (the "Company"), a blank check company sponsored by an affiliate of The Gores Group, LLC, today announced that, commencing April 15, 2021, holders of the units sold in the Company’s initial public offering of 55,000,000 units completed on February 25, 2021 may elect to separately trade the shares of Class A common stock and warrants included in the units. Those units not separated will continue to trade on the Nasdaq Capital Market under the symbol "GSEVU," and the Class A common stock and warrants that are separated will trade on the Nasdaq Capital Market under the symbols "GSEV" and "GSEVW," respectively.
American Airlines Group (NASDAQ: AAL) has worked out a revised delivery schedule with Boeing (NYSE: BA), deferring 37 jets as it seeks to ride out a drop in travel demand due to the pandemic. American and other airlines are rethinking their fleet needs after a miserable 2020 in which the industry saw travel demand dry up due to COVID-19. International travel, which is the primary use of the 787 Dreamliner, is expected to take significantly longer to recover than domestic.
BEIJING, China, April 13, 2021 (GLOBE NEWSWIRE) -- ZW Data Action Technologies Inc. (Nasdaq: CNET) (the "Company"), an integrated Internet advertising, precision marketing, data analytics and other value-added blockchain services provider serving enterprise clients, today announced its audited financial results for the year ended December 31, 2020. Full Year 2020 Financial Highlights For the Year Ended December 31,($ millions, except per share data) 2020 2019 % ChangeRevenues $38.41 $58.08 -33.9%Gross profit $0.63 $5.50 -88.5%Gross margin 1.6% 9.5% -7.8 pp*Loss from operations ($5.70) ($1.69) 237.7%Operating loss margin -14.8% -2.9% -11.9 pp*Net loss attributable to CNET ($5.22) ($1.26) 313.6%Loss per share ($0.24) ($0.07) 242.9%*pp: percent points Revenues decreased by 33.9% to $38.41 million for the year ended December 31, 2020, primarily due to the decrease in revenues from our Internet advertising and distribution of the right to use search engine marketing service business categories, as a result of the COVID-19 outbreak during the first fiscal quarter of 2020, which resulted in complete shutdown of our business operations after the Chinese New Year in early February until mid-April; slow resuming of business activities afterwards due to travel restrictions and quarantine measures adopted by the local governments where we have operations; and decrease in advertising investment budgets of our small and medium-sized enterprises (SMEs) clients due to uncertainties associated with the future developments of the pandemic.Gross profit was $0.63 million with a gross margin of 1.6% for the year ended December 31, 2020. Loss from operations was $5.70 million for the year ended December 31, 2020, compared to $1.69 million for the prior year, primarily attributable to the decrease in gross profit, which was partially offset by the decrease in operating expenses. Net loss attributable to CNET was $5.22 million, or loss per share of $0.24, for the year ended December 31, 2020, compared to $1.26 million, or loss per share of $0.07, for the prior year. “Despite the negative impact on our business brought by the COVID-19 breakout in the first fiscal quarter of 2020 and the subsequent slow recovery of the business environment. We managed to improve the gross margin of our Internet advertising and data service sector significantly from 7% last of the prior year to 21% of FY2020, with the enhancement of data analysis capabilities and optimization of cost control mechanism. We also glad to see our first live streaming platform launched officially in December and many significant progresses on our blockchain related developments. Going forward, we expect to leverage the improved COVID-19 situation in China and continue to explore viable strategic alternatives to strengthen our business,” said Mr. Handong Cheng, Chairman and Chief Executive Officer of ZW Data Action Technologies. Recent Developments In December 2020, we announced the official opening of our first live streaming platform in Guangzhou, China, and the completion of our Blockchain Integrated Framework, or BIF, for retail business. In December 2020, we completed an offering of shares of our common stock together with warrants which resulted in gross proceeds of $7.0 million. In February 2021, we completed an additional offering of shares of common stock and a concurrent private placement of warrants to purchase common stock which results in gross proceeds of $18.7 million. With further enhancement of technology on both blockchain development and internet traffic and data analytics for the implementation of BOSE, in January and February 2021, we have initiated and executed a series of partnerships and cooperation to execute our business plans on building up BOSE to capture the business opportunity with the opening of our live steaming platform. Our preliminary business plans include: connecting BOSE to Enterprise Wechat and CRM SaaS for consolidating and accumulating behavior data in social media; enhancing online branding and management service and aggregating more efficient ROI and cost-effective advertising and marketing services to our clients; offering services for the supply chain finance with the focus on the target audiences of KOLs and O2O e-commerce merchants, with options and selections of digital assets, and adopting crypto payment gateways with licensed partners; utilizing upgraded decentralized financial technology and building Defi service on BIF platform for intellectual property rights with expansion of the BIF technology on blockchain mining. Revenues For the Year Ended December 31, 2020 2019 % Change- Internet advertising and related data service8,421 14,807 -43.1%- Distribution of the right to use search engine marketing service25,997 41,361 -37.1%- Data and technical services1,200 710 69.0%Internet advertising and related services35,618 56,878 -37.4%Ecommerce O2O advertisement and marketing services1,545 -- NMTechnical solution services1,245 -- NMSoftware sales-- 1,202 -100.0%Total revenues38,408 58,080 -33.9% For the year ended December 31, 2020, revenues decreased by $19.67 million, or 33.9%, to $38.41 million from $58.08 million for the prior year. The decrease in revenues was primarily attributable to the decrease in revenues from our Internet advertising and distribution of the right to use search engine marketing service business categories, as a result of the COVID-19 outbreak during the first fiscal quarter and the slow recovery in the subsequent fiscal quarters of 2020. Cost of revenues For the Year Ended December 31, 2020 2019 % Change- Internet advertising and related data service6,688 13,802 -51.5%- Distribution of the right to use search engine marketing service27,950 38,775 -27.9%- Data and technical services1,062 5 21140.0%Internet advertising and related services35,700 52,582 -32.1%Ecommerce O2O advertisement and marketing services1,500 -- NMTechnical solution services576 -- NMTotal cost of revenues37,776 52,582 -28.2% For the year ended December 31, 2020, cost of revenues decreased by $14.81 million, or 28.2%, to $37.78 million from $52.58 million for the prior year, which was primarily due to the decrease in costs associated with the distribution of the right to use search engine marketing service we purchased from key search engines and cost related to providing Internet advertising services on our ad portals, which was in line with the decrease in the related revenues. Gross profit and gross margin Gross profit decreased by $4.87 million, or 88.5%, to $0.63 million for the year ended December 31, 2020 from $5.50 million for the prior year, as a result of the gross loss of our distribution of the right to use search engine marketing service and partially offset by and the increase in gross profit generated from our Internet advertising service, Ecommerce O2O advertising and marketing services and technical solution services during the year of 2020. Overall gross margin was 1.6% for the year ended December 31, 2020, compared to 9.5% for the prior year. Operating expenses Sales and marketing expenses decreased by $0.18 million, or 33.1%, to $0.36 million for the year ended December 31, 2020 from $0.54 million for the prior year. The changes in sales and marketing expenses was mainly attributable to the following reasons: (1) staff salary and benefit expenses, performance based bonus and general departmental expenses decreased by approximately US$0.30 million, due to office shutdown during the first fiscal quarter of 2020, resulted from the COVID-19 outbreak, and slow recovery of business performance after the outbreak in the following quarters of 2020; and (2) the increase in share-based compensation expenses of approximately US$0.12 million, related to restricted shares granted and issued to our sales staff in fiscal 2020. General and administrative expenses decreased by $0.34 million, or 6.0%, to $5.43 million for the year ended December 31, 2020 from $5.78 million for the prior year. The changes in general and administrative expenses was mainly attributable to the following reasons: (1) the increase in share-based compensation expenses of approximately US$1.49 million, due to restricted shares granted and issued in fiscal 2020; (2) the decrease in allowance for doubtful accounts of approximately US$1.50 million; and (3) the decrease in general departmental expenses of approximately US$0.33 million, due to office shutdown during the first fiscal quarter of 2020, and cost reduction plan executed by management after the COVID-19 outbreak. Research and development expenses decreased by $0.33 million, or 38.0%, to $0.54 million for the year ended December 31, 2020 from $0.87 million for the prior year. Research and development expenses accounted for 1.4% of total revenues for the year ended December 31, 2020, compared to 1.5% for the prior year. Operating loss Loss from operations increased by $4.01 million, or 237.7%, to $5.70 million for the year ended December 31, 2020 from $1.69 million for the prior year. Operating loss margin was 14.8% for the year ended December 31, 2020, compared to 2.9% for the prior year. Other income (expense), net Total other income was $0.62 for the year ended December 31, 2020, compared to $0.47 million for the prior year, which was primarily related to change in fair value of warrant liabilities. Net loss attributable to CNET and loss per share As a result of the foregoing, net loss attributable to CNET was $5.22 million, or loss per share of $0.24, for the year ended December 31, 2020. This compared to net loss attributable to CNET of $1.26 million, or loss per share of $0.07, for the prior year. Financial Condition As of December 31, 2020, the Company had cash and cash equivalents of $4.30 million, compared to $1.60 million as of December 31, 2019. Accounts receivable, net was $2.41 million as of December 31, 2020, compared to $3.26 million as of December 31, 2019. Working capital was $4.86 million as of December 31, 2020, compared to $4.92 million as of December 31, 2019. Net cash provided by operating activities was $0.33 million for the year ended December 31, 2020, compared to net cash used in operating activities of $4.31 million for the prior year. Net cash used in investing activities was $3.47 million for the year ended December 31, 2020, compared to $2.16 million for the prior year. Net cash provided by financing activities was $5.82 million for the year ended December 31, 2020, compared to $4.35 million for the prior year. About ZW Data Action Technologies Inc. Established in 2003 and headquartered in Beijing, China, ZW Data Action Technologies Inc. (the “Company”) offers Internet advertising, precision marketing, data analytics and other value-added services for enterprise clients. Leveraging its fully integrated services platform, proprietary database, and cutting-edge algorithms, ZW Data Action Technologies delivers customized, result-driven business solutions for small and medium-sized enterprise clients in China. The Company also develops blockchain and artificial intelligence enabled web/mobile applications and software solutions for general public, enterprise clients, and government agencies. More information about the Company can be found at: http://www.zdat.com/. Safe Harbor Statement This release contains certain "forward-looking statements" relating to the business of ZW Data Action Technologies Inc., which can be identified by the use of forward-looking terminology such as "believes," "expects," "anticipates," "estimates" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including business uncertainties relating to government regulation of our industry, market demand, reliance on key personnel, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. These forward-looking statements are based on ZW Data Action Technologies current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting ZW Data Action Technologies will be those anticipated by ZW Data Action Technologies. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. ZW Data Action Technologies undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. For more information, please contact: Sherry Zheng Weitian Group LLCEmail: firstname.lastname@example.orgPhone: +1 718-213-7386 ZW DATA ACTION TECHNOLOGIES INC.CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands, except for number of shares and per share data) As of December 31, 2020 2019 (US $) (US $) Assets Current assets: Cash and cash equivalents$4,297 $1,603 Accounts receivable, net of allowance for doubtful accounts of $4,247 and $3,148, respectively 2,407 3,260 Prepayment and deposit to suppliers 4,657 6,980 Due from related parties, net 61 81 Other current assets, net 1,462 11 Total current assets 12,884 11,935 Long-term investments 67 35 Operating lease right-of-use assets 48 12 Property and equipment, net 60 78 Intangible assets, net 2,557 1,899 Blockchain platform applications development costs 4,406 3,879 Long-term prepayments 39 - Deferred tax assets, net 606 713 Total Assets$ 20,667 $ 18,551 Liabilities and Equity Current liabilities: Short-term bank loan$- $430 Accounts payable 608 408 Advances from customers 1,436 2,006 Accrued payroll and other accruals * 489 491 Taxes payable 3,430 3,214 Operating lease liabilities 18 - Lease payment liabilities related to short-term leases 203 136 Other current liabilities 333 221 Warrant liabilities 1,505 107 Total current liabilities 8,022 7,013 Long-term liabilities: Operating lease liabilities-Non current 32 - Long-term borrowing from a director 134 125 Total Liabilities 8,188 7,138 Commitments and contingencies Equity: ZW Data Action Technologies Inc.’s stockholders’ equity Common stock (US$0.001 par value; authorized 50,000,000 shares; issued and outstanding 26,062,915 shares and 19,629,403 shares at December 31, 2020 and 2019, respectively) 26 20 Additional paid-in capital 49,772 43,111 Statutory reserves 2,598 2,607 Accumulated deficit (40,980) (35,773) Accumulated other comprehensive income 1,129 1,505 Total ZW Data Action Technologies Inc.’s stockholders’ equity 12,545 11,470 Noncontrolling interests (66) (57) Total equity 12,479 11,413 Total Liabilities and Equity$ 20,667 $ 18,551 ZW DATA ACTION TECHNOLOGIES INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS(In thousands, except for number of shares and per share data) Year Ended December 31, 2020 2019 (US $) (US $) Revenues From unrelated parties $38,390 $57,181 From related parties 18 899 Total revenues 38,408 58,080 Cost of revenues 37,776 52,582 Gross profit 632 5,498 Operating expenses Sales and marketing expenses 361 540 General and administrative expenses 5,433 5,777 Research and development expenses 539 869 Total operating expenses 6,333 7,186 Loss from operations (5,701) (1,688) Other income/(expenses) Change in fair value of warrant liabilities 653 499 Interest income/(expense), net 1 (35)Other (expenses)/income, net (31) 3 Total other income 623 467 Loss before income tax expense and noncontrolling interests (5,078) (1,221)Income tax expense (143) (49)Net loss (5,221) (1,270)Net loss attributable to noncontrolling interests 5 9 Net loss attributable to ZW Data Action Technologies Inc. $ (5,216) $ (1,261) Net loss $(5,221) $(1,270)Foreign currency translation (loss)/gain (380) 49 Comprehensive loss $ (5,601 ) $ (1,221 )Comprehensive loss attributable to noncontrolling interests 9 8 Comprehensive loss attributable to ZW Data Action Technologies Inc. $ (5,592 ) $ (1,213 ) Loss per share Loss per common share Basic and diluted $ (0.24 ) $ (0.07 ) Weighted average number of common shares outstanding: Basic and diluted 21,602,107 17,130,335 ZW DATA ACTION TECHNOLOGIES INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands) Year Ended December 31, 2020 2019 (US $) (US $) Cash flows from operating activities Net loss $(5,221) $(1,270)Adjustments to reconcile net loss to net cash provided by/(used in) operating activities Depreciation and amortization 856 170 Amortization of operating lease right-of-use assets 13 90 Loss on disposal of fixed assets 11 - Share-based compensation expenses 2,152 393 Provision of allowances for doubtful accounts 833 2,335 Change in fair value of warrant liabilities (653) (499)Deferred taxes 143 (168)Changes in operating assets and liabilities Accounts receivable 116 699 Prepayment and deposit to suppliers 2,804 (5,221)Due from related parties 24 145 Other current assets (6) 7 Accounts payable 180 (2,441)Advances from customers (671) 973 Accrued payroll and other accruals (16) (27)Other current liabilities (299) 110 Taxes payable 14 265 Prepaid lease payment (9) (10)Operating lease liabilities 1 - Lease payment liability related to short-term leases 54 138 Net cash provided by/(used in) operating activities 326 (4,311) Cash flows from investing activities Proceeds from disposal of fixed assets 3 - Investment to investee entities (28) (36)Short-term loan to unrelated parties (1,444) - Payment for blockchain platform applications development costs (503) (160)Payment for purchase of software technology and other intangible assets (1,500) (1,962)Net cash used in investing activities (3,472) (2,158) Cash flows from financing activities Proceeds from issuance of common stock and warrants (net of cash offering cost of $750 and $15, respectively) 6,250 4,787 Proceeds from short-term bank loan - 435 Repayment of short-term bank loan (435) (870)Net cash provided by financing activities 5,815 4,352 Effect of exchange rate fluctuation on cash and cash equivalents 25 (22) Net increase/(decrease) in cash and cash equivalents 2,694 (2,139) Cash and cash equivalents at beginning of the year 1,603 3,742 Cash and cash equivalents at end of the year $ 4,297 $ 1,603
FOOTHILL RANCH, Calif., April 13, 2021 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that its Board of Directors has declared a quarterly cash dividend of $0.72 per share. The dividend will be payable on May 14, 2021 to shareholders of record as of the close of business on April 23, 2021. Company Description Kaiser Aluminum Corporation, headquartered in Foothill Ranch, Calif., is a leading producer of semi-fabricated specialty aluminum products, serving customers worldwide with highly engineered solutions for aerospace and high-strength, packaging, general engineering, custom automotive and other industrial applications. The Company’s North American facilities produce value-added plate, sheet, coil, extrusions, rod, bar, tube and wire products, adhering to traditions of quality, innovation and service that have been key components of its culture since the Company was founded in 1946. The Company’s stock is included in the Russell 2000® index and the S&P Small Cap 600® index. Available Information For more information, please visit the Company’s web site at www.kaiseraluminum.com. The web site includes a section for investor relations under which the Company provides notifications of news or announcements regarding its financial performance, including Securities and Exchange Commission (SEC) filings, investor events, and earnings and other press releases. In addition, all Company filings submitted to the SEC are available through a link to the section of the SEC’s web site at www.sec.gov which includes: Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and Proxy Statements for the Company’s annual stockholders’ meetings and other information statements as filed with the SEC. In addition, the Company provides a webcast of its quarterly earnings calls and certain events in which management participates or hosts with members of the investment community. This press release contains statements based on management’s current expectations, estimates and projections that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 involving known and unknown risks and uncertainties that may cause actual results, performance or achievements of the Company to be materially different from those expressed or implied. These factors include: (a) general economic and business conditions, including the impact of the global outbreak of Coronavirus Disease 2019 and governmental and other actions taken in response, cyclicality and other conditions in the aerospace, defense, automotive, general engineering, aluminum packaging and other end markets the Company serves; (b) the impact of the Company's future earnings, cash flows, financial condition, capital requirements and other factors on its financial strength, flexibility, ability to pay or increase future dividends and any decision by the Company's board of directors in that regard; and (c) other risk factors summarized in the Company's reports filed with the Securities and Exchange Commission, including the Company's Form 10-K for the year ended December 31, 2020. All information in this release is as of the date of the release. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company’s expectations. Investor Relations and Public Relations Contact: Melinda C. Ellsworth Kaiser Aluminum Corporation (949) 614-1757
The vaccine maker, which will be updating investors on the progress of its vaccines at an event on Wednesday, said the six-month follow-up of its original late-stage study of the vaccine showed that vaccine efficacy remained consistent with its previous updates. The company has also started testing new versions of the vaccine that target a concerning new variant of the coronavirus, which was first identified in South Africa and is known as B.1.351.
NEW YORK, April 13, 2021 (GLOBE NEWSWIRE) -- Fusion Acquisition Corp. II (NYSE: FSNB.U) (the “Company”) today announced that, commencing April 19, 2021, holders of the units sold in the Company’s initial public offering may elect to separately trade shares of the Company’s common stock and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The shares of common stock and warrants that are separated will trade on the New York Stock Exchange under the symbols “FSNB” and “FSNB WS,” respectively. Those units not separated will continue to trade on the New York Stock Exchange under the symbol “FSNB.U.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into shares of common stock and warrants. A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on February 25, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering was made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022; Email: email@example.com. About Fusion Acquisition Corp. II Fusion Acquisition Corp. II, founded and led by CEO John James, is a blank-check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus on businesses with an enterprise value of approximately $1.5 billion to $5 billion that are providing or changing technology within the fintech or wealth, investment, and asset management sectors, or certain types of technology companies that lie adjacent to the fintech sector. The Company board comprises Non-Executive Chairman Jim Ross, CEO John James, CFO Jeff Gary, and Directors Kelly Driscoll and Ben Buettell. For more information, visit fusionacq.com. Forward Looking-Statements This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and search for an initial business combination. No assurance can be given that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Contact Cody SlachGateway Investor Relations(949) 574-3860FUSION@gatewayir.com
KNOT Offshore Partners LP (NYSE:KNOP) ("The Partnership")
Houston, April 13, 2021 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P.’s First Quarter Earnings Conference Call will be held Friday, April 30th, 2021 at 10:00am CST. Shell Midstream Partners’ participants will be Steve Ledbetter, President and Chief Executive Officer, Shawn Carsten, Chief Financial Officer and Sean Guillory, VP Commercial. Financial information, including the earnings release, will be released before markets open on Friday, April 30th. Interested parties may listen to the conference call on the Partnership’s website at www.shellmidstreampartners.com by clicking on the “2021 First Quarter Financial Results” link in the “Events & Conference” section. A replay of the webcast will be posted on the Partnership’s website following the event. ### About Shell Midstream Partners, L.P. Shell Midstream Partners, L.P., headquartered in Houston, Texas, owns, operates, develops and acquires pipelines and other midstream and logistics assets. The Partnership’s assets include interests in entities that own (a) crude oil and refined products pipelines and terminals that serve as key infrastructure to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets and deliver refined products from those markets to major demand centers and (b) storage tanks and financing receivables that are secured by pipelines, storage tanks, docks, truck and rail racks and other infrastructure used to stage and transport intermediate and finished products. The Partnership’s assets also include interests in entities that own natural gas and refinery gas pipelines that transport offshore natural gas to market hubs and deliver refinery gas from refineries and plants to chemical sites along the Gulf Coast. Inquiries: Shell Media Relations Americas: +1 832 337 4355 Shell Investor Relations North America: +1 832 337 2034 * SHELL and the SHELL Pecten are registered trademarks of Shell Trademark Management, B.V. used under license.
Stocks that traded heavily or had substantial price changes Tuesday: TransDigm Group Inc., down $5.31 to $618.33. The aircraft parts maker is selling its Technical Airborne Components business to Searchlight Capital Partners. Fastenal Co., down 73 cents to $49.98. The distributor of nuts, bolts and screws told investors that it is seeing rising pressure on costs. Danaher Corp., up $8 to $242.84. The industrial and medical device maker gave investors an encouraging first-quarter revenue update. Amarin Corp., down 76 cents $5.08. The biopharmaceutical company said CEO John F. Thero is retiring and will be replaced by Karim Mikhail. Nicolet Bankshares Inc. down $6.74 to $77.86. The bank is buying Mackinac Financial for about $250 million in cash and stock. NovoCure Ltd., up $65.45 to $197.33. The cancer treatment developer gave investors an encouraging update on its potential lung cancer drug. American Airlines Group Inc., down 35 cents $22.56. Airlines and other travel-related companies slipped over concerns that COVID-19 vaccine distribution could slow. Johnson & Johnson, down $2.16 to $159.48. U.S. health authorities recommended a “pause” in administration of the company’s single-dose COVID-19 vaccine. The Associated Press
Moderna provides clinical and supply updates on COVID-19 Vaccine program ahead of 2nd annual Vaccines Day.
Sikhs across the United States are holding toned-down Vaisakhi celebrations this week, joining people of other faiths in observing major holidays cautiously this spring as COVID-19 keeps an uneven hold on the country. Vaisakhi, which falls April 13 or 14 depending on which of two dueling calendars one follows, marks the day in 1699 when Sikhism took its current form. While the ongoing pandemic has many people celebrating remotely this year just as in 2020, some, especially in the United States, are joining in masked, socially distant Vaisakhi gatherings.