Market Newsdesk

Immediate financial relief — no action required — for customers affected by the December 20 outages 

OAKLAND, Calif., Dec. 22, 2025 /PRNewswire/ — Pacific Gas and Electric Company (PG&E) today announced it will issue customer credits to residential and business customers affected by the power outage that occurred in San Francisco on December 20, 2025.

The intent is to provide meaningful, timely relief without requiring customers to take additional steps. In response to the outage, PG&E is making these credits available to help offset the inconvenience and disruption caused by the event. Residential customers will automatically receive a $200 bill credit, and business customers will receive an approximately $2,500 credit. Customers don’t need to file a claim or take any action; credits will appear on bills as “Customer Satisfaction Adjustment.” If customers choose to, they can also pursue a separate claims process for extended outages.

“We recognize the significant impact this outage had on our customers, and we are committed to providing immediate and meaningful support,” said Vincent Davis, Senior Vice President and Chief Customer Officer. “We are making this as fast and easy as possible for our customers. The credits are one way we are working to restore trust and ensure our customers receive the assistance they deserve.”

PG&E will also reach out directly to inform customers about the credits.

PG&E remains dedicated to the safety, reliability and well-being of the communities it serves. The company is conducting a thorough review of the outage and will continue to invest in infrastructure and response strategies to minimize future disruptions.

For the latest updates, customers are encouraged to visit PG&E’s official website and follow the company’s social media channels.

About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news

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SOURCE Pacific Gas and Electric Company

The contemporary, 327-room hotel and apartments offer vibrant style and comfort in the heart of Suzhou’s Xiangcheng District

CHICAGO, Dec. 22, 2025 /PRNewswire/ — Hyatt Hotels Corporation (NYSE: H) announces the opening of KYLN Hotel Suzhou under the JdV by Hyatt brand. Located in the Xiangcheng District of Suzhou, China and in close proximity to world-renowned heritage sites and the scenic Yangcheng Lake, the hotel is the true reflection of the city’s lively neighborhoods — inviting guests and locals alike to connect, live in the moment and celebrate the joy of life. In Suzhou, tradition and modernity intersect, weaving together stories of ancient Imperial Kiln Brick craftsmanship, an electric urban vibe, and natural attractions into one destination.

KYLN Hotel Suzhou blends traditional and modern influences throughout the hotel rooms and apartments, reflecting the city’s rich cultural heritage and innovation. Situated within the Chun Shen Li Commercial Center in the Xiangcheng District, the hotel is designed for business, leisure, and extended stays, where guestrooms offer a harmonious and comfortable retreat. Dedicated to thoughtful hospitality for all, KYLN Hotel Suzhou is pet-friendly, welcoming both guests and their four-legged companions.

“We are delighted to introduce KYLN Hotel Suzhou, a hotel that captures time-honored traditions and the dynamic spirit of the city. Nestled amid the urban life of Suzhou, it is a place where our guests can unwind, connect, and be inspired in a space designed for comfort and creativity,” said Eric Gong, General Manager, KYLN Hotel Suzhou.

Timeless Guestrooms and Apartments

KYLN Hotel Suzhou features 327 guest rooms, suites, and apartments designed as “homes for modern creators.” Each space reflects a harmonious fusion of softness, warmth, and artisanal craftsmanship, where every detail is thoughtfully curated to evoke the spirit of Suzhou’s makers — highlighting their dedication, precision, and creativity. Inspired by the city’s Imperial Kiln Brick heritage, the design integrates raw, natural materials such as clay and wood, creating an ambiance that feels both grounded and inspiring.

Designed by the internationally acclaimed HBA, the hotel’s interiors reinterpret traditional craftsmanship through a modern lens, blending science, art, and the human touch. Floor-to-ceiling windows frame sweeping views of Suzhou’s skyline, while flexible layouts and eco-friendly materials embody a refined balance between comfort, functionality, and emotional resonance — offering guests a serene retreat where creativity and modern living meet.

Culinary Experiences

KYLN Hotel Suzhou showcases a medley of traditional and modern flavors across three dining venues serving both classic Chinese and international cuisines. CHROMA Chinese Restaurant, open daily for lunch and dinner only, specializes in Boat Cuisine, using seasonal ingredients to reimagine the dishes and flavors once served along Jiangnan’s waterways. J Noodle Bar serves noodle dishes, Suzhou-style dim sum, and tea-infused cocktails in a lively setting, daily. Open daily for breakfast and all-day à la carte dining, Cai Lian 1090 utilizes premium, seasonal ingredients in its wide selection of Chinese and international dishes, served in a design-forward space inspired by the city’s aesthetic.

Wellness & Health Facilities

The hotel’s leisure and fitness facilities are designed for rejuvenation and holistic health. The Yuan Fitness Center is fully equipped with the Johnson brand’s cardio and strength training equipment, providing guests with an urban escape to connect with the mind and body. The Cheng Fitness Center offers the ultimate wellness retreat with a Pilates studio and multi-use spaces for private training classes. Both centers are filled with natural light and comfortable furnishings, providing a tranquil environment for guests.

Meetings, Events, and Weddings

Supported by professional event planning and culinary teams that work closely with guests to perfect every detail, from decorations to gourmet menus, KYLN Hotel Suzhou offers 7,534 square feet (700 square meters) of conference space, a ballroom, and five multipurpose rooms.

World of Hyatt Gives Members More Reasons to Stay Somewhere New

In celebration of the JdV by Hyatt brand’s continued growth in Asia, World of Hyatt is providing members with even more ways to be rewarded with the opportunity to earn 500 Bonus Points for qualifying nights at KYLN Hotel Suzhou from December 23, 2025 to March 31, 2026 – part of World of Hyatt’s new hotel member offer. Additional participating hotels and their offer stay periods can be found at New Hotels Bonus Offer | World of Hyatt. No registration is required, and members can earn on top of other offers. Terms apply.

For more information or to book a reservation, please visit www.hyatt.com/jdv-by-hyatt/en-US/suzjd-kyln-hotel-suzhou

The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

About JdV by Hyatt

The JdV by Hyatt brand offers a collection of independent hotels that exhibit personality and joy. True to its namesake, joie de vivre, the properties are vibrant reflections of their surroundings, inviting guests to embrace discovery in their travels. Enjoy World of Hyatt benefits with eligible stays at JdV by Hyatt hotels – discover more here.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of September 30, 2025, the Company’s portfolio included more than 1,450 hotels and all-inclusive properties in 82 countries across six continents. The Company’s offering includes brands in the Luxury Portfolio, including Park Hyatt®, Alila®, Miraval®, Impression by Secrets, and The Unbound Collection by Hyatt®; the Lifestyle Portfolio, including Andaz®, Thompson Hotels®, The Standard®, Dream® Hotels, The StandardX, Breathless Resorts & Spas®, JdV by Hyatt®, Bunkhouse® Hotels, and Me and All Hotels; the Inclusive Collection, including Zoëtry® Wellness & Spa Resorts, Hyatt Ziva®, Hyatt Zilara®, Secrets® Resorts & Spas, Dreams® Resorts & Spas, Hyatt Vivid® Hotels & Resorts, Sunscape® Resorts & Spas, Alua Hotels & Resorts®, and Bahia Principe Hotels & Resorts; the Classics Portfolio, including Grand Hyatt®, Hyatt Regency®, Destination by Hyatt®, Hyatt Centric®, Hyatt Vacation Club®, and Hyatt®; and the Essentials Portfolio, including Caption by Hyatt®, Unscripted by Hyatt, Hyatt Place®, Hyatt House®, Hyatt Studios®, Hyatt Select, and UrCove. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith, Unlimited Vacation Club®, Amstar® DMC destination management services, and Trisept Solutions® technology services. For more information, please visit www.hyatt.com. 

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SOURCE KYLN Hotel Suzhou, part of JdV by Hyatt

Reiterates Call for Shareholders to Demand Reinstatement of Mike Doss

NEW YORK, Dec. 22, 2025 /PRNewswire/ — Eminence Capital, LP (“Eminence”), a private investment firm that beneficially owns approximately 4.2% of Graphic Packaging Holding Company (NYSE: GPK) (“GPK” or the “Company”), today sent an open letter to GPK’s Shareholders in response to what it believes is a factually inaccurate and misleading letter the Board wrote on December 19, 2025, to justify the replacement of CEO Mike Doss with Robbert Rietbroek.

Eminence finds the Board’s December 19 letter to be a disingenuous, wholly inadequate attempt to legitimize a rushed and fundamentally flawed leadership transition process that replaced the CEO whose strategic decisions left GPK better positioned than ever.  Eminence believes the Board is using Mike Doss as a scapegoat.  Eminence asserts that Robbert Rietbroek has a pattern of leaving his employers in a worse place than when he inherited them and whose sole experience as a public company CEO was marred by failure.

The full text of the letter is below.

December 22, 2025

To the Shareholders of Graphic Packaging Holding Company,     

Graphic Packaging Holding Company (“GPK” or the “Company”) shareholders should not be fooled by the factually inaccurate and misleading letter the independent directors of GPK (including Phil Martens) filed on Friday evening, December 19, 2025, to justify the replacement of Mike Doss with Robbert Rietbroek.  We are writing to directly address the Board’s letter so shareholders know the facts and understand the kind of Board they are dealing with – disingenuous, uninformed and wholly inadequate.

The Board’s letter to shareholders states: “However, we recognize that our recent performance has not met expectations, as reflected by the nearly 50% decline in our share price over the past year. While external factors such as macroeconomic headwinds and industry-wide shifts have played a role, the Board has the responsibility to understand those dynamics and oversee the process to ensure that decisive actions are taken to restore value and deliver on our Vision 2030 goals. The decline in stock price, among others, was a clear signal that meaningful change was required.” 

This statement perfectly encapsulates the fundamental problem with the Board: They don’t understand the Company or the industry, and they are using Doss as a scapegoat.   Any reasonable industry observer knows that the stock’s year-to-date performance is a result of industry oversupply and not a result of mis-execution. The macroeconomic headwinds and industry-wide shifts haven’t just “played a role” – they tell the story. It should come as no surprise to shareholders that the Board fails to understand this: following Dean Scarborough’s abrupt departure in August, there are no GPK directors (other than Doss) with any packaging experience.  For the Board to cast blame for the stock price performance on Doss is preposterous and only serves to damage their credibility as stewards of your capital.

With Doss, GPK had never been better positioned competitively despite the tough industry backdrop. In fact, the Board agreed with this view as recently as one month ago as an investor presentation from November 2025 states: “Graphic Packaging has the assets, the capabilities, and the team needed to achieve Vision 2030 goals, and to generate cash well in excess of reinvestment needs.” What could have possibly changed so dramatically in one month?

Under Doss’s watch, GPK has built the most cost-effective manufacturing footprint in the industry in Kalamazoo and Waco.  The Company exited the Augusta mill at a heroic price in 2024, acquired AR Packaging to build out a European converting footprint and increased vertical integration in the US with several tuck-in acquisitions. GPK has never been better positioned as a result of the strategic decisions made by Doss. In 2026, the Company is forecasting over $2.25 in free cash flow per share at the trough of the cycle while the competition is feeling severe pain: Clearwater Paper is burning cash, Smurfit WestRock is not earning its cost of capital in the acquired Westrock consumer business, according to GPK Investor Relations, and Sappi has suspended its dividend and been issued a leverage warning. Yes, the industry has its challenges at the moment, but as the industry’s low-cost producer GPK can stay the course and focus on superior execution while this oversupply situation is sorted out.

We find it curious that Chairman Phil Martens never mentioned the stock price decline as a reason for Doss’s exit in our December 12^th call with him, and that the Company had not previously made it part of their public messaging to shareholders.  Why now, only after the Board is under attack for this decision, is stock price part of the Board’s narrative?

This statement also raises the question: what stock price decline would the Board tolerate before making a major decision to replace a respected 35-year company veteran as CEO? The stock was only down -18% year-to-date at the end of August and then began a steady decline in September and October to near current levels.  When did the Board even begin to discuss whether it should take “decisive actions… to restore value and deliver on our Vision 2030 goals?” When exactly was “the decline in stock price…a clear signal that meaningful change was required?”  How could the Board have conducted a thorough CEO search process – which, at a minimum, should have included engaging a search firm to do an extensive search, conducting first-round interviews with a large sample of candidates, narrowing down the field through further interview rounds (including a broader subset of the Board), engaging in deep background and reference checking, performing psychometric testing, and deliberating on the impacts to Company culture and morale – all within such a short timeframe, IF the stock hadn’t fallen to that nearly 50% level until the end of October?

In short, the Board’s after-the-fact justification is a transparent attempt to add a veneer of credibility to what appears to be a rushed and manipulated process with a predetermined outcome.  That is why we made a Section 220 demand for books and records regarding the process that culminated in the Board’s replacement of Doss with Rietbroek to understand whether—as we strongly suspect—the Board’s process lacked the level of substance and rigor such a momentous decision demands and whether the Board was motivated in making its rushed decision by concerns other than the best interests of the Company and its shareholders.

The Board’s letter also states: “Under Robbert’s leadership, Quaker Foods North America, a reported sector of PepsiCo, achieved significant volume and revenue growth over his five-year tenure.

We have reviewed the PepsiCo filings and note that volume definitively did not grow over Rietbroek’s five-year tenure at Quaker – it actually significantly declined, even though Rietbroek inherited a re-based margin structure thereby allowing proper growth investments and was the beneficiary of a Covid bump. In addition, just one month after Rietbroek announced he was leaving Quaker to join Primo Water as CEO, Quaker announced the largest product recall in its history that caused significant pressure on the segment’s financial results in the following year including massive drops in revenue, organic growth, and volume.

The Board’s letter further states: “During his tenure as CEO of Primo Water and Primo Brands, the company grew volume, market share and earnings, improved EBITDA margins and earned recognition as one of America’s Greenest Companies by Newsweek.”

These comments are entirely misleading since the growth in volume, market share, earnings and EBITDA margins were largely driven by a transformational acquisition. That same acquisition has been an unmitigated disaster which has caused a more than 50% decline in PRMB’s stock, led to the filing of numerous class action lawsuits and resulted in Rietbroek’s firing from that company.

Despite the Board’s attempt at framing Rietbroek’s prior experience as positive, one fact is clear and unavoidable: there is a pattern of him leaving his employers in a worse place than when he inherited them.

Unfortunately for shareholders, the directors are not willing to admit their critical mistake and would prefer to double-down on their disastrous decision to replace Doss with Rietbroek by making disingenuous and misleading statements.  Shareholders deserve better.

Over the last several weeks, we have heard from many shareholders, former employees, former Board members and other industry constituents.  Not one of them thinks replacing Doss with Rietbroek is the right decision.  It is our understanding that senior leadership inside the Company has expressed deep concern with the CEO transitions.  In fact, the ONLY people we know that think this is the right decision is this weak, misguided and poorly-advised Board.

We, the shareholders, will ultimately bear the costs of the Board’s mistake. The Board (excluding Doss) has no real skin in the game, collectively owning less than 500,000 shares in the Company, yet is making highly disruptive C-suite changes that will dramatically impact the future of this great company in a negative manner. 

All shareholders should immediately demand the Board reinstate Doss as CEO before any long-term damage occurs to GPK.  We urge shareholders who are similarly concerned about the CEO transition and the actions of this Board to make their voices heard.

Sincerely, 

Ricky Sandler
CEO and CIO

About Eminence Capital, LP
Eminence is a global asset management firm founded in 1999 that currently manages approximately $7.4 billion. Eminence’s investment approach is anchored in bottom up fundamental research seeking to identify “quality value” investment opportunities.

Disclaimer

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in any state to any person. In addition, the discussions and opinions in this press release and the material contained herein are for general information only, and are not intended to provide investment advice. All statements contained in this press release that are not clearly historical in nature or that necessarily depend on future events are “forward-looking statements,” which are not guarantees of future performance or results, and the words “anticipate,” “believe,” “expect,” “potential,” “should,” “could,” “threatens,” “estimate,” and similar expressions are generally intended to identify forward-looking statements. The statements contained in this press release and the material contained herein that are not historical facts are based on current expectations, speak only as of the date of this press release and involve risks that may cause the actual results to be materially different. Accordingly, any analyses should also not be viewed as factual and also should not be relied upon as an accurate prediction of future results. Eminence disclaims any obligation to update the information herein and reserves the right to change any of its opinions expressed herein at any time as it deems appropriate.

Media Contacts
Jonathan Gasthalter/Nathaniel Garnick
Gasthalter & Co.
+1 (212) 257-4170

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SOURCE Eminence Capital, LP

NEW YORK, Dec. 22, 2025 /PRNewswire/ —

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of James Hardie Industries plc (NYSE: JHX) between May 20, 2025 through August 18, 2025, both dates inclusive (the “Class Period”), of the important December 23, 2025 lead plaintiff deadline.

So what: If you purchased James Hardie common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the James Hardie class action, go to https://rosenlegal.com/submit-form/?case_id=46976 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 23, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the case: According to the lawsuit, James Hardie Industries plc misled investors about the strength of its key North America Fiber Cement segment between May 20 and August 18, 2025. Despite knowing by April and early May that distributors were destocking inventory, James Hardie falsely claimed demand remained strong and that stock levels were “normal.” When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the James Hardie class action, go to https://rosenlegal.com/submit-form/?case_id=46976 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

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SOURCE THE ROSEN LAW FIRM, P. A.

SEOUL, South Korea, Dec. 22, 2025 /PRNewswire/ — LG Display, the world’s leading innovator of display technologies, announced today that it will debut the world’s first 27-inch 4K OLED panel for monitors featuring an RGB stripe structure and a 240Hz refresh rate at CES 2026, the world’s largest IT and consumer electronics exhibition.

The RGB stripe structure arranges the three primary color subpixels — red, green, and blue — in a straight line, significantly reducing visual distortions such as color bleeding and fringing, even at close viewing distances.

Although OLED panels using the RGB stripe method existed before, their maximum refresh rate reached around 60Hz, making them unsuitable for use as gaming monitors.

LG Display’s new panel is the first in the world to achieve a 240Hz refresh rate while maintaining an RGB stripe structure. It incorporates the company’s specialized Dynamic Frequency & Resolution (DFR) technology, allowing users to directly switch between high-resolution (UHD 240Hz) and high-refresh-rate (FHD 480Hz) modes.

This product’s high refresh rate not only delivers optimal performance in first-person shooter (FPS) games and other applications that require rapid screen transitions, but it is also optimized for operating systems such as Windows and for font-rendering engines, ensuring excellent text readability and high color accuracy. Featuring a high pixel density of 160 pixels per inch (ppi), this panel additionally provides exceptional detail and precision.

With its plan to initially introduce the new pixel structure in its high-end gaming and professional monitor panels, LG Display will actively promote the technology at the upcoming CES 2026 as part of its strategy to expand its customer base and product lineup.

Existing high-end Gaming OLED monitor panels have primarily used RGWB structures, which include a white subpixel, or configurations where RGB pixels are arranged in a triangular pattern.

As LG Display developed its new pattern optimized for monitor use, it applied various new technologies — such as increasing the aperture ratio, which is the proportion of the pixel area that emits light. As a result, it achieved the world first of implementing both an RGB stripe structure and a high refresh rate simultaneously.

The company is actively targeting the high-end monitor market, mass-producing about 30% of the panels for the OLED monitor global market. In particular, among Gaming OLED panels currently in mass production, LG Display holds the world’s top titles in all major specs — including highest refresh rate, response time, and resolution — affirming its overwhelming technological leadership.

“Technology is the foundation of leadership in the rapidly growing OLED monitor market,” said Lee Hyun-woo, Head of the Large Display Business Unit at LG Display. He added, “We will continue to strengthen our global leadership by focusing on differentiated technologies compared to competitors, technologies that customers want, and technologies with strong business potential.”

About LG Display

LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world’s leading innovator of display technologies, including thin-film transistor liquid crystal and OLED displays. The company manufactures display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, automobiles, and various other applications, including tablets and mobile devices. LG Display currently operates manufacturing facilities in Korea and China, and back-end assembly facilities in Korea, China, and Vietnam. The company has approximately 70,707 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com.

Media Contact:

Joo Yeon Jennifer Ha, Team Leader, Communication Team
Email: [email protected]

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SOURCE LG Display