Johnson & Johnson in £1.46bn bid for Crucell

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Johnson & Johnson in £1.46bn bid for Crucell Share Show Comments ▼ US health care company Johnson & Johnson, looking to catapult itself into the global vaccine market, is in talks to pay 1.75bn euros (£1.46bn) to buy Dutch biotech Crucell.J&J, which already owns a 17.9 per cent stake in vaccine maker Crucell, said its potential cash offer valued Crucell shares at 24.75 euros, a 58 per cent premium to Thursday’s closing price.Crucell shares jumped 53.9 per cent to 24.16 euros, lifting other Dutch biotech stocks and shares in Austrian vaccine maker Intercell, which climbed 6.7 per cent.“We believe the chances for success are high. The bid price on the remaining shares can be considered as a knock-out price and is substantially higher than the analysts’ consensus target price,” analyst Jan de Kerpel at KBC Securities said.De Kerpel said the potential deal was more proof it was a question of “not if but rather when” other successful biotech companies with late-stage products will be bought.Johnson & Johnson and Pfizer have been flagged as possible, but unlikely, rival bidders for U.S. biotech company Genzyme, the target of Sanofi-Aventis, so the bid may signal J&J is out of that race.A Britain-based analyst who did not wish to be named said it would be “pretty unlikely” that Johnson & Johnson would bid for both Genzyme and Crucell at the same time.Crucell Chief Executive Ronald Brus said the potential deal with J&J, which does not have its own vaccine business, meant the world’s sixth-largest vaccine producer can accelerate its development programme.“With the help of Johnson & Johnson we can increase our reach throughout the world significantly,” Brus told reporters. “Together we feel we form a very strong team.”Brus said he intended to stay on and did not expect any lay-offs at Crucell, which produces vaccines against flu and childhood diseases and is developing products against yellow fever alongside research into tuberculosis and malaria vaccines.Drugmakers have been looking to biotech to refill product pipelines at a time when sales of old blockbusters are falling to generic competition. Vaccine makers have also become more attractive as their sales and traditionally low margins improve.Johnson & Johnson is a diversified group that makes prescription drugs as well as Tylenol pain relievers, Listerine mouth wash and Band-Aid adhesive bandages. Company veteran William Weldon has been chief executive since 2002.It bought its stake in Crucell, one of two major independent vaccine makers in Europe alongside Intercell, in September 2009 as part of a flu vaccine development deal.Crucell is on the cusp of sharp sales growth for its paediatric vaccine Quinvaxem after a production failure at rival Shantha Biotechnics, which was bought by Sanofi-Aventis last year for 6.1 times its annual sales. center_img Tags: NULL whatsapp John Dunne Friday 17 September 2010 6:38 am whatsapplast_img read more

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Intel launches high-speed chip for home moviemakers

first_img whatsapp Tags: NULL Share WHILE the giants of the electronics world were still setting up their stalls for the Consumer Electronics Show in Las Vegas, it was Intel which made the first game-changing announcement.The firm yesterday unveiled a chip it says is the most exciting product in the company’s history.Its Second Generation Intel Core, which features an inbuilt graphics chip, can outperform the fastest microprocessor in the world by a staggering 60 per cent and will run basic tasks more than 800 times faster than most current chips.Intel expects the new processor to contribute more than a third of its revenue next year and generate $125bn (£81bn) for the PC industry.Intel chief executive Paul Otellini said the new chip represents “the best ever integration between Microsoft and Intel”. It says the chip will provide the power needed for next-generation functions including wirelessly streaming HD content and playing revolutionary new games, as well as allowing users to rapidly edit and play the ever increasing amount of home-generated video content.The chip could also overhaul the way we interact with computers, with Intel’s head of consumer Mooly Eden demonstrating a new programme powered by the chip that allows users to control their PC by instructing an on-screen “avatar” which can read facial expressions and gestures.Mooly also said his firm is making inroads into the lucrative smartphone and tablet markets – which Intel has been slow to join – but said the PC will not be usurped.He said: “At the moment the tablet is like a new baby and everyone is fussing over it and wants to hold it and change its diaper. But it isn’t going to take over the world.”Mooly added: “Tablets are here to stay but in a couple of years they will be seen as complimentary devices to netbooks. People don’t want a Swiss army knife that does everything. They want a device that will fit their needs at a specific time.” Intel says it has worked closely with Microsoft in the lead-up to the launch but would not confirm rumours it is also in talks with Apple about incorporating its processors into its devices.City A.M. will be covering the latest from the show over the next few days KCS-content More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comcenter_img Intel launches high-speed chip for home moviemakers Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald Wednesday 5 January 2011 9:25 pm whatsapplast_img read more

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Singapore Pools to resume lotteries and retail sales

first_img Singapore Pools to resume lotteries and retail sales Topics: Lottery 19th June 2020 | By Daniel O’Boyle AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Singapore Pools will resume lotteries and retail operations in the country next week, after draws were suspended due to the novel coronavirus (Covid-19). Email Addresscenter_img Subscribe to the iGaming newsletter Lottery Regions: Asia Singapore Singapore Pools will resume lotteries and retail operations in the country next week, after draws were suspended due to the novel coronavirus (Covid-19).Retail operations will reopen on 22 June, but Singapore Pools encouraged customers to continue to use online products instead. Online betting returned last week after it had also been suspended.“Customers’ safety and well-being remains our top priority amidst the Covid-19 situation,” Singapore Pools said. “Singapore Pools encourages all customers, especially high-risk groups, to utilise our online account betting channel as their primary mode of transaction.”The 4D lottery will resume on 24 June, with the TOTO lottery following on 25 June. Singapore Sweep will not resume until 5 August. The draws will take place behind closed doors.As the previous draws had been postponed on 6 April, tickets for draws that were initially scheduled for an earlier date will remain valid.News of the suspension comes after the country’s Ministry of Home Affairs announced plans to review its gambling regulations, and create a new single regulatory authority for the industry.While oversight for gambling has been divided between a number of different government departments, it will be consolidated under the Gambling Regulatory Authority from 2021. In addition, plans were underway to update gambling regulations to reflect changes in technology and consumer habits.Casinos in Singapore had originally been planned to open on 9 June, but this had been pushed back indefinitely, which contributed to H2 Gambling Capital downgrading its 2020 global gaming revenue forecast again by $5bn in the biggest absolute fall in FY expectations for five weeks.last_img read more

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Iraq’s Kurdish media victims of political crisis

first_img July 17, 2014 – Updated on January 20, 2016 Iraq’s Kurdish media victims of political crisis Receive email alerts IraqMiddle East – North Africa Organisation News IraqMiddle East – North Africa Help by sharing this information February 15, 2021 Find out more News to go further December 16, 2020 Find out more December 28, 2020 Find out more News Three jailed reporters charged with “undermining national security” News RSF’s 2020 Round-up: 50 journalists killed, two-thirds in countries “at peace” Iraq : Wave of arrests of journalists covering protests in Iraqi Kurdistan One of the highest-profile cases has been an attack on the headquarters of Al-Taakhi, an Arabic-language daily based in Karrada (Bagdad), that supports the PDK, one of Kurdistan’s two ruling parties, and is run by Masoud Barzani, Kurdistan’s president.Unidentified gunmen stormed it on 15 July, threatened the journalists present with reprisals if they did not stop working, and left with cars, mobile phones, broadcast equipment, around 15 computers, files and 8 million Iraqi dinars (about 5,000 euros) in cash.Al-Taakhi editor Badirkhan Sandi said the assailants arrived in police cars and wore the uniforms of the Iraqi security forces. He announced the next day that he was temporarily suspending operations in order to ensure the safety of all of his employees.“The Iraqi media, especially Kurdish media, are caught between the terrorist groups threatening the country and the current government, which is taking advantage of the chaos to settle scores with the media that criticize it,” said Reporters Without Borders assistant research director Virginie Dangles.“At this time of political and security turmoil, it is vital that the authorities guarantee the safety of journalists, so that the media are able to operate with complete freedom.” Journalists’ associations and organizations that defend the right to information have been unanimous in their condemnation of the attack on Al-Taakhi. The national journalists’ union said: “Since three years, attacks of this kind are not the subject of any investigation and those responsible continue to go unpunished.”The prosecutor’s office nonetheless insisted that the interior ministry had ordered an investigation to determine the exact circumstances of the attack.As the climate continues to worsen, official bodies have also stepped up verbal attacks on the Kurdish media. At a meeting with journalists on 14 July, the Media and Communications Commission mentioned the possibility of closing news outlets that were liable to “incite sectarian violence” or support “terrorist” groups affiliated to ISIS . Most of these media had Kurdish funding, the CMC added.Created in 2003, the CMS is supposed to regulate the Iraqi media but in practice it gets its orders from the prime minister, who appoints the person in charge of the commission.The attacks on Kurdish and other Iraqi media have been growing steadily in scale since the start of the unprecedented offensive being led by the Jihadi group ISIS.Al-Hurra Iraq TV reporter Maitham Al-Shibani and cameraman Maitham Al-Khafaji were injured while covering clashes between government forces and ISIS fighters at Jurf Al Sakhar (in Babel province), 60 km southwest of Baghdad, on 13 July. Both were hospitalized. Follow the news on Iraq RSF_en News media and journalists are being hit hard by the chaos reigning in Iraq and the mounting tension between Kurds who are demanding Prime Minister Nouri Al-Maliki’s resignation and Maliki, who accuses Iraqi Kurdistan of serving as a rear base for terrorism. last_img read more

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Video: “We Built a House this week! How’s Yours?”

first_img Community News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. 4 recommended0 commentsShareShareTweetSharePin it This sermon was delivered by Rev. Debbie Gara, Associate Pastor, First United Methodist Church, Pasadena on Sunday, July 15. Rev. Gara is a graduate of the University of California, Fullerton, with a Bachelor’s degree in Sociology, and also holds a Master’s degree in Religious Education from the School of Theology, Claremont. Debbie is an ordained Permanent Deacon, and has been an Associate Pastor at FUMC since 2004. Areas of responsibility include: Children’s Ministry, Adult Ministry, Evangelism – Communications & Hospitality, Teaching, Pastoral Care, and Administration.First United Methodist Church, 500 East Colorado Blvd., Pasadena, (626) 796-0157 or visit www.fumcpasadena.org. Name (required)  Mail (required) (not be published)  Website  faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Top of the News Community News Your email address will not be published. Required fields are marked *center_img Business News HerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeauty’First Daughters’: From Cute Little Kids To Beautiful Young WomenHerbeautyHerbeautyHerbeautyA Mental Health Chatbot Which Helps People With DepressionHerbeautyHerbeautyHerbeautyIs It Bad To Give Your Boyfriend An Ultimatum?HerbeautyHerbeautyHerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeautyHerbeautyWhat Is It That Actually Makes French Women So Admirable?HerbeautyHerbeauty Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday First Heatwave Expected Next Week Make a comment Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena More Cool Stuff Sermons and Lessons Video: “We Built a House this week! How’s Yours?” Delivered by THE REV. DEBBIE GARA, First United Methodist Church, Pasadena Published on Thursday, July 26, 2012 | 4:22 pm Subscribelast_img read more

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Encamp named one of the Best Places to Work in Indiana for 2021

first_img Facebook Twitter WhatsApp TAGS  Pinterest INDIANAPOLIS–(BUSINESS WIRE)–Feb 24, 2021– Encamp, which offers a first of its kind environmental, health, and safety (EHS) compliance software product that combines data management and environmental compliance reporting automation via the cloud, has been named one of the Best Places to Work in Indiana for 2021. The annual Best Places to Work program is organized by the Indiana Chamber of Commerce and Best Companies Group and is now in its 16th year. The statewide survey and awards program identifies, recognizes, and honors participating employers in Indiana who promote leading workplace cultures. This is Encamp’s first time to make the celebrated list. The company, which was formed in 2017 and launched publicly in 2018, was chosen as one of 59 winners in the Small Companies category of 15 to 74 employees. Encamp currently has 26 employees but plans to expand its staff throughout 2021, the result of significant revenue growth in 2020. “When we first envisioned Encamp, we knew central Indiana was where we needed to establish the company,” said co-founder and CEO Luke Jacobs, who earned his B.S. in Environmental Science from Indiana University Bloomington. “Along with the state’s track record of supporting the technology sector and high-growth tech startups like ours, we knew there was a strong pool of talent here. But to attract the best people, we also knew we had to create a culture of diversity and inclusion, which is as important to us as creating technology to help protect the environment.” Best Places to Work award winners for 2021 total 125 companies in four categories based on company size. In addition to the Small Companies category, winners are chosen in categories for Medium Companies of between 75 and 249 U.S. employees, Large Companies of between 250 and 999 U.S. employees, and Major Companies with 1,000 or more U.S. employees. Winners are ultimately ranked in each category. The company rankings will be unveiled May 6 at an awards event sponsored by Ivy Tech Community College. The format is yet to be determined – either entirely virtual or a hybrid with an in-person option. Final determination will be made based on attendee safety and input of the winners. “We have many tremendous employers in the state, so it’s great to see more and more companies take part in this effort to evaluate their workplace cultures and gain the recognition they deserve,” said Indiana Chamber president Kevin Brinegar. “These companies consistently demonstrate to their employees how much they value their contributions.” Last year with the pandemic ongoing, Encamp closed its office in Broad Ripple and transitioned to a fully virtual work model. The move included a new stipend to all employees for at-home office equipment, unlimited paid time off (PTO), and other measures to help deal with the change. Yet even as a remote workforce, Encamp’s culture remained as strong as ever. As did employees’ positive impacts. The company’s revenue growth of more than 800% in 2020 included closing several new Fortune 1000 and Fortune 100 customers. Encamp also extended its standing as the largest filer of Tier II hazardous material inventory reports in the country. The company can now add being one of the Best Places to Work in Indiana to its accomplishments. About Encamp Encamp was formed in 2017 and introduced its SaaS-based software to the environmental, health, and safety (EHS) industry in 2018. While the company’s workforce is fully remote, Encamp is centered around Indianapolis, Indiana, and serves nearly 200 customers throughout the U.S. By way of innovation, Encamp is the first EHS compliance software product to combine a powerful data management system and EHS compliance reporting automation. The SaaS-based Encamp platform lets companies replace inefficient point systems, spreadsheets, and legacy Environmental Management Information Systems (EMIS) to manage compliance data and reporting for regulated facilities. Culture of diversity and inclusion Although Encamp’s workforce is fully remote, the company maintains a culture that encourages and celebrates diverse voices, backgrounds, and experiences. The company is committed to unbiased hiring practices and achieving minority representation above community averages. Encamp further supports efforts like Black Lives Matter and its own Women of EHS initiative, which recognizes women throughout the EHS industry and their achievements. “Diversity and inclusion are things Encamp has believed in from day one,” said Jacobs. “They’re cornerstones of our company, and we look to continue adding people to our team who believe in these same values. We want employees to be comfortable in bringing their authentic selves to work every day.” Maintaining Encamp’s culture remotely Since moving to a remote work model, Encamp has maintained its culture while prioritizing the health and wellbeing of its employees and their families. The company has intensified collaborative remote practices and emphasized staying “face to face” via Zoom. They’ve introduced remote weekly planning meetings and daily standup meetings, all on Zoom. Encamp also has things like remote happy hours and holiday parties, all-hands meetings for company announcements, and “wins” meetings via Zoom every Friday afternoon to recognize employee accomplishments and an “MVP” for the week. In addition to the all-employees allowance to purchase at-home office equipment, Encamp also now offers a continuing monthly health and wellness stipend and available mental health services. Encamp has likewise improved its employee health insurance and associated benefit offerings. About the Best Places to Work in Indiana program The first part of this annual program evaluates each nominated company’s workplace policies, practices, philosophy, systems, and demographics (25% of the total evaluation). The second part is an employee survey to measure the employee experience (75% of the total evaluation). The combined scores determine the top companies and final rankings. Best Companies Group manages the overall registration and survey process, analyzes the data, and determines the final rankings. For more information, visit www.BestPlacestoWorkIN.com. View source version on businesswire.com:https://www.businesswire.com/news/home/20210224005096/en/ CONTACT: Encamp, Inc. Jess Engel – Director of Marketing [email protected] KEYWORD: INDIANA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TECHNOLOGY CHEMICALS/PLASTICS UTILITIES HUMAN RESOURCES MANUFACTURING OIL/GAS ENERGY PROFESSIONAL SERVICES OTHER NATURAL RESOURCES ENVIRONMENT SOFTWARE INTERNET NATURAL RESOURCES DATA MANAGEMENT SOURCE: Encamp Copyright Business Wire 2021. PUB: 02/24/2021 10:00 AM/DISC: 02/24/2021 10:01 AM http://www.businesswire.com/news/home/20210224005096/en WhatsApp By Digital AIM Web Support – March 4, 2021 center_img Pinterest Previous articleGlobal Anesthesia Gas Blenders Industry (2020 to 2027) – Key Market Trends and Drivers – ResearchAndMarkets.comNext articleGlobal Homozygous Familial Hypercholesterolemia Market Insight, Epidemiology and Market Forecast 2021-2030 – ResearchAndMarkets.com Digital AIM Web Support Twitter Facebook Local News Encamp named one of the Best Places to Work in Indiana for 2021last_img read more

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Rising Waters, Rising Delinquencies

first_img Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Subscribe Delinquency flooding Foreclosure loans 2019-08-13 Seth Welborn in Daily Dose, Featured, Foreclosure, Market Studies, News August 13, 2019 1,431 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Rising Waters, Rising Delinquencies Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Seth Welborn Related Articles Tagged with: Delinquency flooding Foreclosure loans Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Previous: Innovation Center Launched by Title Company Next: New York Fed Gives Unfavorable Review of Housing Sector Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Delinquency rates declined by 0.6% year-over-year in May 2019, according to the latest CoreLogic Loan Performance Insights report. 3.6% of mortgages were delinquent by at least 30 days or more including those in foreclosure, compared to 4.2% in May 2018. CoreLogic notes that the overall delinquency rate has fallen on a year-over-year basis for the past 17 consecutive months. “Growth in family income and home prices continues to support low delinquency rates,” said Frank Nothaft, Chief Economist for CoreLogic. “Communities that experienced a rise in delinquencies are generally those that also suffered from natural disasters. Last year’s hurricanes and wildfires, and this spring’s severe flooding from heavy rainstorms and snowmelt have pushed delinquency rates higher in these impacted communities.”Transition rates, or the percent of mortgages moving from one stage of delinquency to the next, remained relatively unchanged in May 2019 compared to May 2018. The current-to-30-day transition rate was 0.8%.Natural disasters proved to be a significant factor in delinquency rates for some parts of the country. According to CoreLogic’s report, 20 of the country’s metropolitan areas posted at least a small annual increase in overall delinquency, notably in areas impacted by flooding this spring in Kentucky, Ohio, Illinois and Indiana.”While the rest of the country experienced record-low mortgage delinquency rates again in May, the Midwest and parts of the Southeast are still experiencing higher rates as they recover from extreme weather,” said Frank Martell, President and CEO of CoreLogic. “Areas in Kentucky and Ohio, which were hit particularly hard this spring with historic flooding, experienced some of the largest annual gains in the country.”By Core Based Statistical Area (CBSA), there were 11 metropolitan areas where the Serious Delinquency Rate increased, and 25 metropolitan areas where the Serious Delinquency Rate remained the same. All the remaining metropolitan areas saw the Serious Delinquency Rate decrease.  Print This Post Home / Daily Dose / Rising Waters, Rising Delinquencieslast_img read more

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Man arrested by gardai as part of Andrew Allen murder investigation

first_img Facebook Pinterest By News Highland – April 22, 2012 WhatsApp Twitter NPHET ‘positive’ on easing restrictions – Donnelly RELATED ARTICLESMORE FROM AUTHOR WhatsApp Man arrested by gardai as part of Andrew Allen murder investigation Pinterest Calls for maternity restrictions to be lifted at LUH Twittercenter_img A man has been arrested as part of the ongoing investigation into the murder of Andrew Allen outside Buncrana in February.The man, in his thirties, was arrested in County Donegal this morning, and is being held at Buncrana Garda Station under Section 30 of the Offences Against the State Act, 1939.Earlier this month, a man in his fifties, originally from thje North, was arrested and held in Buncrana Garda Station before being released without charge.Andrew Allen, who was 24 and originally from the Top of the Hill in Derry’s Waterside was shot dead at his home at Links View Park, Lisfannon on the 9th of February.Two weeks after the killing, the dissident group “Republican Action Against Drugs” claimed its “Donegal unit” carried out the murder, and making a numbner of allegations against Mr Allen which have been denied by his family.The group also claimed he had been warned five to six months earlier, and issued threats against six other unnamed individuals. Guidelines for reopening of hospitality sector published Newsx Adverts Help sought in search for missing 27 year old in Letterkenny Google+ Three factors driving Donegal housing market – Robinson 448 new cases of Covid 19 reported today Facebook Google+ Previous articleSome homes will have ‘flat’ water rate imposedNext articleMan remains in garda custody in Donegal News Highland last_img read more

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Succession planning: Mind the gap

first_img Comments are closed. Businesses of all sizes are now under pressure to have succession plans in place. But how can you ensure you are prepared to fill a space? Virginia Matthews investigates.Last month’s resignation of Liberal Democrat leader Charles Kennedy – and the subsequent succession race – caused a frenzy that would be rare in the business world. Yet succession planning is climbing up the business agenda as thousands of organisations get to grips with a downsized workforce that leaves no room for unexpected absence, let alone sudden departures like Kennedy’s.Legal compliance, increased corporate governance and more volatile markets have also forced organisations to place more emphasis on succession. But it’s not just a case of who will fill the shoes of a departing chief executive. Organisations also need to consider issues as diverse as what happens when an office manager takes extended leave when their mother falls ill, or the deputy head of a department unexpectedly does a Shirley Valentine after a fortnight’s holiday in Greece.Levels of succession planning depend entirely on the culture of the organisation behind it. At retailing giant Tesco, it encompasses not just senior board executives, but also junior managers; whereas at soft drinks firm Britvic, succession planning is seen as a tool for handling only the very top positions.Susie Gear, a partner at consulting firm Accenture, says that succession planning is a hot issue both internally and for its clients.“Aside from the general job mobility and the belief that jobs are no longer for life, there is the need to take an increasingly long-term view of business performance,” she explains.“Corporates are under pressure from City analysts to both identify their future leaders and to ensure the organisation has real future value. Inevitably, much of that long-term value revolves around the strength of the CEO.”The key to succession planning, adds Gear, is that it should be inextricably linked to overall business strategy, and should involve the whole organisation, not just HR.Heir and a spareSo how long should an organisation plan for? Should the succession scheme be restricted to finding an ‘heir and a spare’ – as practised by monarchs of old – or should it be in force for the most trivial of eventualities?In defiance of traditional top-tier-only talent development schemes, a growing number of business leaders, including Bill Gates – who recently asked the head of each country in the Microsoft empire for a detailed presentation on the succession plan – believe that planning for ‘what if’ should spread throughout the organisation.Douglas Barnett, risk control strategy manager at Axa Insurance, believes that the succession plan should be seen as a high priority in these days of ‘no fat, no waste’ management and that HR should take ownership of the process.However, Kate Banks, group talent manager at Axa, disagrees. She believes that responsibility for succession arrangements should be handed over to the managers themselves. “If there’s a vacancy, we want our managers to look first at the succession plan but not to become slaves to it,” she says. “If the person expected to move into a role is still right for the job and they want it, then fine. If they aren’t interested, perhaps the succession plan should be torn up and a new one started.”Where Barnett and Banks do agree is on the vital role played by people in all aspects of business continuity. “Having the right people lined up to fill positions should be on a par with having the right terms and conditions or legal compliance,” says Barnett. “Whether it is holiday cover, sick leave, maternity, resignation or retirement, organisations need to be proactive on the issue of succession.” And it is important to recognise that the departure of a junior member of staff could have as great an impact on some parts of the business as the resignation of a key director.“Of course, it is vital that the next CEO of an oil company or bank is identified and groomed for succession, but that’s already understood,” says Barnett. “If you’re a young company, such as an online trader, where the key interface with the public is via mail order, then knowing who will run the mailroom if Tom walks under a bus is absolutely vital to your company and its reputation.”Britvic, which floated on the stock exchange in December, says that each of its 3,000 staff are given an individual set of ‘personal business objectives’, which are discussed and formulated with line managers on entry to the company, and can help them move to the next rung of the ladder.Yet the company believes that pure succession planning is of more relevance to senior management. It has recently appointed seven staff into ‘cross-functional’ roles, so they can learn about different aspects to the business on top of their own areas of expertise. “We feel this is a reflection of the strength of the system we already have in place,” says Shaun O’Hara, Britvic’s head of talent management and learning. “To develop our senior managers or leaders of the future, we have a high-potential assessment process in place that assesses candidates against a set of differentiators specifically designed for Britvic.”All candidates receive a feedback report, which can then help them plan their development. The successful ones enter a senior management development programme.Secret successorsTraditionally, banks or retailers have kept their succession plans largely secret – fearful that by giving the nod to ambitious employees and not to the happy-go-lucky ones, they might lose a key member of the team (albeit one who was unlikely ever to receive a key to the executive washroom).Today’s succession planning environment is far more transparent, says Barnett. “If it’s all done in secret by a committee and your career is mapped out for you behind your back,” he says, “then you may well feel aggrieved – particularly if you learn that you are not actually part of the succession plan.”He adds: “It must be made clear to all staff that discussion around succession is ongoing, not fixed, and that while someone may not be a key employee this time around, their role may be more pivotal, or the nature of the business radically different, by the time the next review takes place.”Organisations also need to adapt their succession strategies as the dynamics of the business change.“In one period, a firm may need to have a very cost-driven CEO, while in another, it may need an innovator who invests in new product development,” explains Gear. “For this reason, it is vital to have a number of individuals who could be considered CEO material, and it is important to keep the succession plan fluid rather than fixed.”Political parties often learn the succession lesson the hard way. In the business world, plenty of forward planning and flexibility mean this needn’t be the case.Every little helps at TescoAt Tesco, where virtually every member of the board has worked their way up through the business, succession planning “forms an important part of the career development and training of our people at all levels”, according to Claire Peters, resourcing and training manager.The supermarket chain has an ‘Options’ management training scheme for staff wishing to progress from, for example, general assistant to section leader. In addition, the company has a ‘Talent Spotting’ programme that is far broader and involves a career discussion for every member of staff each year. It has benefits, says the retailer, for the individual and the organisation.“Individuals’ skills are assessed, opportunities developed and people with the right skills can be matched to the right jobs when vacancies arise,” says Peters. “At the same time, individuals can be developed to meet the needs of the business.” Related posts:No related photos. Previous Article Next Article Succession planning: Mind the gapOn 21 Feb 2006 in Personnel Todaylast_img read more

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Archer secures multi-well P&A contract for modular rig Archer Topaz in UKCS

first_imgArcher’s rig has been contracted by TAQA to perform a twenty-one well plug and abandonment campaign Archer secures multi-well P&A contract. (Credit: C Morrison from Pixabay) Archer today announces its formal contract award for provision of modular drilling unit and associated services by TAQA.“We are delighted with the award of this contract which secures the rig work until late 2023.” said Dag Skindlo, Chief Executive Officer of Archer.Archer’s rig has been contracted by TAQA to perform a twenty-one well plug and abandonment campaign for their Northern North Sea Cormorant Alpha platform.The integrated P&A service delivery will include services provided by Archer’s Engineering, Rentals, Oiltools and Wireline divisions, and will also require Archer to manage and deliver cementing, swarf and re-injection services from 3rd party providers.The Archer Topaz is estimated to mobilise to Cormorant Alpha in second half of 2021 following the removal of the existing Cormorant Alpha integral derrick equipment set, and reactivation activities on the platform by Archer’s Engineering division. Source: Company Press Releaselast_img read more

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