Logansport Financial Corp. Announces Fourth Quarter Dividend

LOGANSPORT, Ind., Nov. 18, 2020 (GLOBE NEWSWIRE) — Logansport Financial Corp. (OTCBB – Symbol “LOGN”), an Indiana corporation which is the holding company for Logansport Savings Bank, a State Commercial bank located in Logansport, Indiana, announces that Logansport Financial Corp. has declared a quarterly cash dividend of $.40 on each share of its common stock for the fourth quarter of 2020. This is an increase of $.05 per share from the previous quarter. The dividend is payable on January 15, 2021 to the holders of record on December 16, 2020.

Contact: Chad Higgins
Chief Financial Officer
Phone 574-722-3855
Fax 574-722-3857



TriState Capital Bank Named to Monitor 101+ List for Fast-Growing Equipment Finance

TriState Capital Bank Named to Monitor 101+ List for Fast-Growing Equipment Finance

345% growth in second year highlights groups’ success with middle-market clients

PITTSBURGH–(BUSINESS WIRE)–
TriState Capital Bank was named to the inaugural Monitor 101+ list for its fast-growing Equipment Finance division. The bank’s 345% year-over-year percentage gain — the third-highest recorded of the Monitor 101+ companies — landed TriState No. 15 on the list.

In just its second year, TriState’s Equipment Finance grew its assets from $18.1 million in 2018 to $62.5 million in 2019. Starting the equipment finance group from scratch, senior vice president and manager Tim Moriarity and his team have a niche target: middle-market companies and deals focused on the ongoing acquisition of essential use equipment, primarily in the transportation, manufacturing and construction sectors.

“Through helping develop and grow our equipment finance business, Tim is integral to our company’s focus on supporting middle-market companies with high-performing talent and agile and essential products,” said TriState Capital Bank’s president and CEO Brian Fetterolf. “We are grateful to have his experience, expertise and vision for finding solutions for clients and prospects in a dynamic market.”

TriState Capital Equipment Finance provides equipment leasing and financing solutions directly to middle-market companies within its regional footprint of Pittsburgh, Philadelphia, New York City, Cleveland and northern New Jersey. TriState partners with clients for the ongoing acquisitions of essential-use equipment. The equipment finance group complements TriState’s direct-to-market model with larger syndication opportunities through its cultivated group of bank partners.

“The bank’s support and trust have empowered TriState Capital Equipment Finance to develop a precise credit and operations model that’s attractive to both bank clients and nonbank customers,” said TriState Capital Bank’s senior vice president of equipment finance Tim Moriarity. “We’ve combined our knowledge and skill to become an equipment finance leader.”

The Monitor 101+ is published by MonitorDaily, a leading publication in the equipment finance industry. The list is an extension of the Monitor 100, an annual report of the largest equipment finance and leasing companies in the United States. More information about the Monitor 101+ is available at Magazine.MonitorDaily.com.

ABOUT TRISTATE CAPITAL

TriState Capital Holdings, Inc. (Nasdaq: TSC) is a bank holding company headquartered in Pittsburgh, Pa., providing commercial banking, private banking and investment management services to middle-market companies, institutional clients and high-net-worth individuals. Its TriState Capital Bank subsidiary had $9.41 billion in assets as of September 30, 2020, and serves middle-market commercial customers through regional representative offices in Pittsburgh, Philadelphia, Cleveland, Edison, N.J., and New York City, as well as high-net-worth individuals nationwide through its national referral network of financial intermediaries. Its Chartwell Investment Partners subsidiary had $9.65 billion in assets under management as of September 30, 2020, and serves institutional clients and TriState Capital’s financial intermediary network. For more information, please visit http://investors.tristatecapitalbank.com.

MEDIA

Jack Horner

Hornercom

267-932-8760, ext. 302

412-600-2295 (mobile)

[email protected]

INVESTORS

Jeff Schoenborn and Kate Croft

Casteel Schoenborn

888-609-8351

[email protected]

KEYWORDS: Pennsylvania United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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Visit The Empire State Building Observatory This Holiday Season

HOLIDAY WINDOWS FEATURES LEGO STAR WARS™ SETS

PR Newswire

NEW YORK, Nov. 18, 2020 /PRNewswire/ — The Empire State Building (ESB) today announced the details of its annual holiday festivities. Guests who purchase tickets to visit the world-famous 86th and 102nd Floor Observatories will see more than just the iconic views. This holiday season take Lonely Planet’s recommendation and visit the Empire State Building’s Observatory ranked New York City’s #1 attraction.

It’s the most wonderful time of the year for Star Wars™ fans young and old to visit the ESB Observatory. ESB’s seasonal Fifth Avenue window display, visible only to ESB tenants and ESB Observatory visitors on their exit from the Observatory, features 3D LEGO® models of the Star Wars construction sets which include the AT-AT, Snowspeeder™, The Child™, The Razor Crest™, Sith TIE Fighter™, Poe Dameron’s X-wing Fighter™, and the Millennium Falcon™ sets, placed in a winter wonderland with LED lights that dazzle. The modern window will also be decorated with clean geometric shapes and textures, as well as a video screen which plays celebratory LEGO® Star Wars holiday video scenes.

ESB’s holiday season will also be celebrated with a first-ever photo opportunity for family holiday portraits. From November 30December 1, families and guests are invited to make the Empire State Building the backdrop of their 2020-2021 holiday card. Upon a purchase of a premium ticket to the 102nd floor Observatory, guests will choose a time slot to have their professional photo taken on the Grand Staircase in the Observatory lobby. Strike a pose, smile, and capture your family in front of the Empire State Building model illuminated in festive red and green. Tickets can be purchased at https://www.esbnyc.com/buy-tickets/2020-holiday-promotion

“We are thrilled to be reopened and a part of New Yorkers’ holiday plans this year—there is no better time to visit the world-famous Empire State Building. With our $165 million reimagined Observatory Experience and new safety protocols which includes reduced capacity and timed ticketing, guests are welcome to experience the joy of the holiday season from the heart of New York City,” said Jean-Yves Ghazi, President of the Observatory. 

While the weather outside may be frightful, guests to our world-famous 86th Floor Observatory will stay warm with heat lamps installed throughout the open-air, 360-degree deck.

Throughout the holiday season, ESB will be decked with holiday decorations and tower lights that will illuminate the New York City skyline in celebration of Thanksgiving, Chanukah, Christmas, and New Year’s Eve.

For the full tower light schedule, please visit http://www.esbnyc.com/explore/tower-lights/calendar.

About the Empire State Building
Soaring 1,454 feet above Midtown Manhattan (from base to antenna top), the Empire State Building, owned by Empire State Realty Trust, Inc., is the “World’s Most Famous Building.” With new investments in energy efficiency, infrastructure, public areas and amenities, the Empire State Building has attracted first-rate tenants in a diverse array of industries from around the world. The Empire State Building was named the world’s most popular travel destination in a study conducted by Uber and was named America’s favorite building in a poll conducted by the American Institute of Architects. For more information on the Empire State Building, please visit www.empirestatebuilding.com, www.facebook.com/empirestatebuilding, https://twitter.com/empirestatebldg, www.instagram.com/empirestatebldg, http://weibo.com/empirestatebuilding, www.youtube.com/esbnyc, https://www.tiktok.com/@empirestatebldg or www.pinterest.com/empirestatebldg 

About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE: ESRT) owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the “World’s Most Famous Building.” ESRT is a leader in energy efficiency in the built environment and sustainability and is the first commercial real estate portfolio in the U.S. to achieve the WELL Health-Safety Rating, an evidence-based, third-party verified rating for all facility types, focused on operational policies, maintenance protocols, emergency plans and stakeholder education to address a COVID-19 environment now and broader health and safety-related issues into the future.  The Company’s office and retail portfolio covers 10.1 million rentable square feet, as of September 30, 2020, consisting of 9.4 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York; and approximately 700,000 rentable square feet in the retail portfolio. 

LEGO and the LEGO logo are trademarks of the LEGO Group. ©2020 The LEGO Group

STAR WARS and related properties are trademarks and/or copyrights, in the United States and other countries, of Lucasfilm Ltd. and/or its affiliates. © & TM Lucasfilm Ltd.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/visit-the-empire-state-building-observatory-this-holiday-season-301176177.html

SOURCE Empire State Realty Trust, Inc.

NXTC INVESTOR FILING DEADLINE: Bernstein Liebhard Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against NextCure Inc.

NEW YORK, Nov. 18, 2020 (GLOBE NEWSWIRE) — Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action that has been filed on behalf of investors that: (i) purchased or acquired the securities of NextCure, Inc. (“NextCure” or the “Company”) (NASDAQ: NXTC) securities between November 5, 2019 to July 14, 2020; and (ii) purchased or acquired NextCure common stock pursuant to or traceable to the Company’s Registration Statement on Form S-1 which was filed with and declared effective by the SEC on November 12, and November 14, 2019. The lawsuit filed in the United States District Court for the Southern District of New York alleges violations of the Securities Act of 1933 and the Securities Exchange Act of 1934.

If you purchased NextCure securities, and/or would like to discuss your legal rights and options please visit NXTC Shareholder Class Action Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

Throughout the Class Period, Defendants misled investors regarding its leading treatment candidate, NC318, which was a first-in-class immunomedicine targeting a novel immunomodulatory receptor, called Siglec-15, or S15, particularly in patients with advanced or metastatic solid tumors.

On July 13, 2020, NextCure made a shocking admission. Specifically, in a press release entitled, “NextCure provides an Interim update of the Phase 2 Portion of the NC318 Monotherapy Phase 1/2 Trial and Announces Departure Chief Medical Officer,” NextCure announced that the Company was no longer planning to “advance the nonsmall cell lung cancer (NSCLC) and ovarian cancer cohorts in the stage 2 portion of the Simon 2-stage trial,” citing “clinical response data” and “current enrollment criteria.” The July 13, 2020 announcement continued, stating, in relevant part, “The analysis of biomarker data for these cohorts has been delayed and is not yet complete. The company will evaluate whether to pursue additional monotherapy studies in NSCLC and ovarian cancer after a review of that information.”

On this news, NextCure’s shares, which had closed at $17.88 per share on July 10, 2020, dropped over 54% the next trading day to close at $8.15 per share on July 13, 2020 on unusually high trading volume.

If you wish to serve as lead plaintiff, you must move the Court no later than November 20, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

If you purchasedNextCuresecurities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/nextcureinc-nxtc-shareholder-class-action-lawsuit-stock-fraud-313/apply/ contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. © 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information
Matthew E. Guarnero
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
[email protected]

Cybercrime To Cost The World $10.5 Trillion Annually By 2025

Every U.S. business is under cyberattack

PLANO, Texas, Nov. 18, 2020 (GLOBE NEWSWIRE) — Cybersecurity Ventures predicts global cybercrime costs will grow by 15 percent per year over the next five years, reaching $10.5 trillion USD annually by 2025, up from $3 trillion USD in 2015. This prediction is part of a special report conducted by Cybersecurity Ventures and sponsored by INTRUSION, Inc. (NASDAQ: INTZ).

This represents the greatest transfer of economic wealth in history, risks the incentives for innovation and investment, is exponentially larger than the damage inflicted from natural disasters in a year, and will be more profitable than the global trade of all major illegal drugs combined.

“Cybercrime costs include damage and destruction of data, stolen money, lost productivity, theft of intellectual property, theft of personal and financial data, embezzlement, fraud, post-attack disruption to the normal course of business, forensic investigation, restoration and deletion of hacked data and systems, and reputational harm,” says Steve Morgan, founder of Cybersecurity Ventures and editor-in-chief at Cybercrime Magazine.

“Cybercriminals know they can hold businesses — and our economy — hostage through breaches, ransomware, denial of service attacks and more. This is cyberwarfare, and we need to shift our mindset around cybersecurity in order to protect against it,” says Jack B. Blount, President and CEO at INTRUSION, Inc.

Organized cybercrime entities are joining forces, and their likelihood of detection and prosecution is estimated to be as low as 0.05 percent in the U.S., according to the World Economic Forum’s 2020 Global Risk Report.

“Every American organization — in the public and private sector — has been or will be hacked, is infected with malware, and is a target of hostile nation-state cyber intruders,” adds Blount, who is also the former CIO at the United States Department of Agriculture (USDA).

Blount’s assertion is backed up by some of the nation’s top cyberwarfare and cybersecurity experts, and Fortune 500 chief information security officers, in a roundtable discussion which recently aired on the Cybercrime Radio podcast channel.

Cybersecurity Ventures and INTRUSION, Inc. have partnered on a series of initiatives aimed at providing thought leadership and guidance to CISOs and cybersecurity teams in the U.S. and globally.

About

Cybersecurity Ventures is the world’s leading researcher and publisher covering the global cyber economy, and a trusted source for cybersecurity facts, figures, predictions, and statistics.


INTRUSION

, Inc. is a global provider of entity identification, high speed data mining, cybercrime and advanced persistent threat detection products. 

Related Links
https://cybersecurityventures.com
https:/intrusion.com

Cautionary Statement Regarding Forward Looking Information

This release may contain certain forward-looking statements, which reflect management’s expectations regarding future events and operating performance and speak only as of the date hereof. These forward- looking statements involve a number of risks and uncertainties. These statements are made under the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including, risks that we have detailed in the Company’s most recent reports on Form 10-K and Form 10-Q, particularly under the heading “Risk Factors.”

Company & Media Contact

Julia Kramer
[email protected]
P: 972-301-3635
 



Emerging Markets Report: When Opportunity Knocks


An Emerging Markets News Commentary

ORLANDO, Fla., Nov. 18, 2020 (GLOBE NEWSWIRE) — There are horrible, tragic human effects of the pandemic, notwithstanding that it has altered society in permanent and positive transformative ways. We’ve opined about some of these changes being sensible, long overdue events, like the developing trend towards telemedicine.

And it is clear that we are now incredibly comfortable shopping for goods of all kinds online. It’s as if another dot com may happen. Think about that for a moment.

And BoxVn Limited (OTCPINK:VCEX), with a business model squarely entrenched in this epic change, may have just picked the right time for a planned expansion.

BoxVn describes itself as “a small recruitment business that quickly evolved into a driver and Light Commercial Vehicle (LCV) supply business offering services so unique that it has revolutionized flexible vehicle supply, unemployment and the driver recruitment life cycle to provide a dependable and integral service to one of the biggest and fastest growing sectors in the world.”

The long and the short (haul) of it is that they built this unique trucking business in England and its market penetration, expansion and revenues have exceeded expectations. In the Spring of 2020, demand for vehicle delivery outpaced supply and projections are for demand levels to remain permanent. To meet this need, the Company plans to increase its fleet by 20% by year-end, expanding to 600+ vehicles.

Mighty Amazon had already doubled their truck fleet in late 2019, long before the pandemic gripped us in March. In researching this article we also stumbled on a piece from Business Insider, which shows how acute the CURRENT demand for trucking and delivery is:

Here’s the headline:

Amazon is scrambling to find truck drivers, and must now turn to the big trucking firms it has previously shunned

Full story here.

It says a lot about the market BoxVn is in and confirms the tailwinds of its planned expansion. This heightened need for delivery of products vis-à-vis the Internet is not going away and the companies who position themselves in the essential chain of this new economy are poised to grow and expand with it.

About
The Emerging Markets Report
:

The Emerging Markets Report is owned and operated by Emerging Markets Consulting (EMC), a syndicate of investor relations consultants representing years of experience. Our network consists of stockbrokers, investment bankers, fund managers, and institutions that actively seek opportunities in the micro and small-cap equity markets.

For more informative reports such as this, please sign up at http://www.emergingmarketsllc.com/newsletter.php

Section 17(b) of the Securities Act of 1933 requires that any person that uses the mails to publish, give publicity to, or circulate any publication or communication that describes a security in return for consideration received or to be received directly or indirectly from an issuer, underwriter, or dealer, must fully disclose the type of consideration (i.e. cash, free trading stock, restricted stock, stock options, stock warrants) and the specific amount of the consideration. In connection therewith, EMC has received the following compensation and/or has an agreement to receive in the future certain compensation, as described below.

We may purchase Securities of the Profiled Company prior to their securities becoming publicly traded, which we may later sell publicly before, during or after our dissemination of the Information, and make profits therefrom. EMC does not verify or endorse any medical claims for any of its client companies.

EMC has been paid $25,000 dollars by Adspert LTD. for various marketing services including this report. EMC does not independently verify any of the content linked-to from this editorial.

http://emergingmarketsllc.com/disclaimer.php

Emerging Markets Consulting, LLC
Florida Office
390 North Orange Avenue Suite 2300
Orlando, FL 32801
E-mail: [email protected]
Web: www.emergingmarketsllc.com



OpSens Recognized as One of the Fastest-Growing Company in North America on Deloitte’s 2020 Technology Fast 500™

Canada NewsWire

QUEBEC CITY, Nov. 18, 2020 /CNW Telbec/ – OpSens Inc. (“OpSens” or the “Company”) (TSX:OPS) (OTCQX:OPSSF),  a medical device cardiology-focused company commercializing a second-generation fiber optic pressure guidewire to diagnose and treat coronary disease, has been recognized in Deloitte’s 2020 Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America.

“We’re honored to be recognized by Deloitte as one of the fastest growing technology companies in North America,” said Louis Laflamme, President and CEO of OpSens. “OpSens’ mission is to contribute to health through its unique expertise in innovative medical products. This accolade is a testament to our dedication to providing products that aim to improve the clinical outcomes of patients,” Laflamme concluded.

“For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — truly does permeate so many facets of our lives,” said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. “We congratulate this year’s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.”

About Deloitte’s 2020 Technology Fast 500™

Now in its 26th year, Deloitte’s Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2016 to 2019.

To be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About OpSens Inc. (

www.OpSens.com

 or

www.OpSensmedical.com

)

OpSens focuses mainly on coronary physiology products in interventional cardiology. OpSens offers an advanced optical-based pressure guidewire that aims at improving the clinical outcome of patients with coronary artery disease. Its flagship product, the OptoWire, is a second-generation fiber optic pressure guidewire designed to provide the lowest drift in the industry and excellent lesions access. The OptoWire has been used in the diagnosis and treatment of over 100,000 patients in more than 30 countries. It is approved for sale in the United States, European Union, Japan, and Canada.

OpSens is also involved in industrial activities in developing, manufacturing, and installing innovative fiber optic sensing solutions for critical applications.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

SOURCE OPSENS Inc.

Multi-suite residential and industrial real estate remained resilient and attractive to investors during Q3 2020: Morguard

Canada NewsWire

  • Canadian job market continued to strengthen in Q3 after historic losses resulting from COVID-19’s first wave
  • Assets with financially stable tenants on longer-term leases to continue to attract investors in the remainder of 2020
  • Consumer and investor confidence expected to return at some point during 2021 assuming some form of resolution of the pandemic and a subsequent improvement in the economic outlook

Morguard Canadian Economic Outlook & Market Fundamentals

Third Quarter Update 2020

MISSISSAUGA, ON, Nov. 18, 2020 /CNW/ – During the third quarter of 2020, the multi-suite residential and industrial sectors of Canada’s commercial real estate remained resilient despite the economic slowdown resulting from the pandemic. Meanwhile, the office and retail segments witnessed increased vacancy levels in most Canadian cities as restrictions in response to a second wave of COVID-19 kept Canadians working and shopping from home, according to the latest Canadian Economic Outlook and Market Fundamentals Report issued by Morguard Corporation (“Morguard”) (TSX: MRC). 

“The steady performance of multi-suite residential and industrial assets during the pandemic continued to attract investors during the third quarter of 2020,” said Keith Reading, Director, Research at Morguard. “Canada’s job market continued to recoup after the losses seen in the spring, however, office and retail assets are anticipated to underperform in the approaching atypical holiday season. Entering 2021, consumer and investor confidence are anticipated to return, aligned with further developments regarding a COVID-19 vaccine or more effective treatments.”

Commercial Real Estate
Demand for multi-suite residential assets outperformed the office and retail sectors in the third quarter of 2020, continuing with the trend seen since early 2020. The segment’s stable performance is in part attributed to the uncertainty brought on by the pandemic regarding job losses, as many Canadians who had planned to purchase a home in 2020, have decided to continue renting until the economic landscape becomes clearer. For investors, multi-suite residential assets remained a safe, long-term investment. Looking ahead, investment demand for multi-suite residential assets will continue to outpace the supply of available properties in major centres such as Toronto, Montreal and Vancouver.

Demand for industrial investment properties also exceeded supply during the third quarter of 2020. More than $1.0 billion in industrial property sales was tallied in the country’s major markets combined. Investment sales have exceeded $1.0 billion mark in every quarter dating back to the first quarter of 2014.

In the office segment, downtown vacancy rose sharply in most Canadian cities in the third quarter of 2020 with a spike in sublease availability and a subsequent increase in supply. Tenants were pushed to reduce their footprints in the core of the country’s most expensive markets due to heightened economic and financial uncertainty. Investors applied caution when purchasing office assets and focused on stable investments with financially stable tenants on longer-term leases as a more forward-looking approach.

Looking ahead, institutional investors are expected to target prime properties in Toronto, Montreal and Vancouver most aggressively, which will ensure property values hold firm. The Canadian commercial investment property capital flow is anticipated to remain muted over the near term, barring some form of resolution of the COVID-19 pandemic and a subsequent improvement in the economic outlook.

Economic Factors
The proportion of Canadians collecting the Canada Emergency Response Benefit, Canada Emergency Student Benefit or Employment Insurance fell to 13.5 per cent in September, down from 16.1 per cent in August, depicting a moderate improvement in Canada’s economy, combined with a bounce back in the job market.

During the third quarter, the Bank of Canada continued to adapt to the economy’s evolving conditions and responded to support Canadian businesses and borrowers. In the same period, global equity markets strengthened as a result of an improved global economic outlook, however, an increase in the number of COVID-19 cases across the country may impact the global equity market forecast for the near term.

The Consumer Price Index (CPI) increased modestly during the third quarter, due largely to subdued domestic services demand. Inflation levels are anticipated to remain muted over the next few months, as a result of excess economic capacity and an overall weakened labour market.

Retail sales grew at a moderate pace in the third quarter after a strong rebound from the losses as a result of the COVID-19 pandemic closures. Retail sales increased by 2.6 per cent year-over-year as of July. Except for gasoline and clothing, sales were up for all spending sub-categories.

The third quarter update of the 2020 Economic Outlook and Market Fundamentals Research Report, released today by Morguard, provides a detailed analysis of the 2020 real estate investment trends to watch in Canada. The full report is available at morguard.com/research.

About Morguard Corporation
Morguard Corporation is a major North American real estate and property management company. It has extensive retail, office, industrial, hotel and residential holdings owned directly and through its investment in Morguard Real Estate Investment Trust and Morguard North American Residential REIT. Morguard also provides real estate management services to institutional and other investors. Morguard’s owned and managed portfolio of assets is valued at $19.4 billion. Please visit http://www.morguard.com or follow us on LinkedIn. 

Forward Looking Statement Disclaimer
Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words “anticipates,” “believes,” “may,” “continue,” “estimate,” “expects” and “will” and words of similar expression, constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions, both nationally and regionally; changes in business strategy; financing risk; existing governmental regulations and changes in, or the failure to comply with, governmental regulations; liability and other claims asserted; and other factors. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Publisher does not assume the obligation to update or revise any forward-looking statements.

SOURCE Morguard Corporation

PSEG Named To Dow Jones Sustainability Index for 13th Consecutive Year

PSEG Continues to Lead on Clean Energy and ESG Initiatives

PR Newswire

NEWARK, N.J., Nov. 18, 2020 /PRNewswire/ — Public Service Enterprise Group (PSEG) has been included on the Dow Jones Sustainability Index (DJSI) for North America for the 13th year in a row. PSEG has a long commitment to sustainable and ethical practices and achievements across environmental, social and governance (ESG) criteria. Being named to the DJSI list is further recognition of the company’s ongoing accomplishments on behalf of its customers, communities and employees.

The DJSI recognizes forward-thinking companies based on an appraisal of the company’s strategy, management and performance in dealing with opportunities and risks deriving from ESG factors. The DJSI tracks the performance of the 600 largest U.S. and Canadian companies in the S&P Global Broad Market Index and acknowledges the top 20% that lead the field in terms of sustainability.

This year more than ever, considering the collective impacts of climate change, the coronavirus pandemic and the social unrest that followed the killing of George Floyd, companies have been challenged to show that their purpose is aligned with societal needs and supports positive and systemic change.

“PSEG is proud of our longstanding commitment to sustainability and our performance on ESG issues,” PSEG Chairman, President and CEO Ralph Izzo said. “For 13 consecutive years, our inclusion as part of the Dow Jones Sustainability Index has recognized PSEG’s ongoing mission to address climate change, delivering the innovative clean energy solutions our customers and communities need to succeed while also aiming to support their well-being. Public service is part of our company’s DNA, and we’re proud to be recognized for these efforts over such a long period.”

Highlights of PSEG’s ESG leadership include:

Environmental:

Social:

  • Comprehensive equity review of employee policies, resulting in updates of programs supporting gender equity, including expanding PSEG’s paid parental leave policy
  • Developed and implemented a new diversity, equity and inclusion (DEI) initiative – Inclusion for All – based on direct employee feedback, reaffirming PSEG’s commitment to DEI, driving culture change at the local business level, and further developing our people managers to lead inclusively
  • Launched an immersive talent development program to increase representation of people of color in leadership ranks. The program develops high-potential leaders, increases their internal and external visibility, and will positively impact PSEG’s inclusive leadership, company culture and talent pipeline
  • Committed to supplier diversity with a goal of achieving 30% spending allocated to diverse suppliers by 2023
  • PSEG and the PSEG Foundation launch the Powering Equity and Social Justice Initiative with a $1 million commitment to fight racial injustice and inequity, including funding a first-of-its-kind police reform initiative by Rutgers University Center on Policing
  • PSEG’s Human Rights policy in effect since 2018

Governance:

Izzo continued: “The coronavirus pandemic has driven home how much we are all interconnected. Our ability to perform as a company and support the states in which we operate is dependent on the health, safety and well-being of our employees and doing what’s right to support their needs. From expanded paid sick leave and family time off to virtual training and new career development opportunities, PSEG has taken steps to expand the level of support and care we offer our employees.”

Coronavirus support for our customers, communities and employees:

  • PSEG Foundation pledged $2.5 million; includes $1 million to NJ Pandemic Relief Fund and $50,000 to the Community FoodBank of NJ; PSEG donated 50,000 N95 masks and 200,000 pairs of gloves to health care providers at the beginning of the pandemic
  • For customers, PSE&G and PSEG Long Island extended the deferred payment agreement from 12 month term to 24 months
  • Implemented enhanced safety protocols for our employees, across the field work, customer’s premises, office work
  • Provided remote access and implemented remote work practice for all employees where job could be performed remotely
  • Expanded paid sick leave and family time off to care for relatives with COVID-19. Similarly, PSEG provided temporary PTO time for caregivers to deal with school / daycare closures and interruptions
  • Early to introduce a mobile app that allows employees/contractors to complete a health assessment questionnaire regarding COVID-19 risk status prior to entering a PSEG worksite
  • Increased virtual learning programs to assist leaders in managing and leading remote teams, and support workers in managing stress, navigating remote work, and improving time management and work-life integration

Additional ESG resources can be found throughout PSEG’s website and via:

The DJSI assessment is conducted each year by sustainability investment specialist RobecoSAM. It is based on a comprehensive review of environmental performance, innovation management, corporate governance, risk management, stakeholder engagement and talent attraction and retention, which can be found at https://investor.pseg.com/pseg-esg-disclosures.

Public Service Enterprise Group Inc. (PSEG) (NYSE: PEG) is a publicly traded diversified energy company with approximately 13,000 employees. Headquartered in Newark, N.J., PSEG’s principal operating subsidiaries are: Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island. PSEG is a Fortune 500 company included in the S&P 500 Index and has been named to the Dow Jones Sustainability Index for North America for 13 consecutive years (https://corporate.pseg.com).


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Forward-Looking Statement
The statements contained in this press release that are not purely historical are “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such statements are based on management’s beliefs as well as assumptions made by and information currently available to management. Factors that may cause actual results to differ materially from those contemplated in any forward-looking statements made by us herein are discussed in our Annual Report on Form 10-K and subsequent reports on Form 10-Q and Form 8-K filed with the Securities and Exchange Commission (SEC), and available on our website: https://investor.pseg.com. All of the forward-looking statements made in this press release are qualified by these cautionary statements and we cannot assure you that the results or developments anticipated by management will be realized or even if realized, will have the expected consequences to, or effects on, us or our business, prospects, financial condition, results of operations or cash flows. Readers are cautioned not to place undue reliance on these forward-looking statements in making any investment decision. Forward-looking statements made in this press release apply only as of the date hereof. While we may elect to update forward-looking statements from time to time, we specifically disclaim any obligation to do so, even in light of new information or future events, unless otherwise required by applicable securities laws.

From time to time, PSEG, PSE&G and PSEG Power release important information via postings on their corporate Investor Relations website at https://investor.pseg.com. Investors and other interested parties are encouraged to visit the Investor Relations  website to review new postings. You can also use the “Email Alerts” link at https://investor.pseg.com sign up for automatic email alerts regarding new postings.

CONTACTS:     



Investor Relations

       



Media Relations

Carlotta Chan                 

Marijke Shugrue


[email protected]  


[email protected]

973-430-6565                     

908-531-4253                                                                                        

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SOURCE PSEG

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against HP Inc. (HPQ)

PR Newswire

LOS ANGELES, Nov. 18, 2020 /PRNewswire/ — Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming January 4, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired HP Inc. (“HP” or the “Company”) (NYSE: HPQ) common stock between November 6, 2015 and June 21, 2016, inclusive (the “Class Period”).

If you suffered a loss on your HP investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/hp-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

HP offers personal computers, printers, and related supplies, solutions, and services.  Within HP’s Printing segment is the Supplies division, which consists of printing and computing supplies, such as toner, ink cartridges, and related printing supplies.  Almost 80% of HP’s operating profit is derived from its Printing business.

On June 21, 2016, after the market closed, HP revealed that it would reduce its Supplies channel inventory by $450 million, resulting in a corresponding reduction of $450 million in Supplies revenue over the remainder of 2016. 

On this news, HP’s stock price fell $0.72, or 5.4%, to close at $12.61 per share on June 22, 2016.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose: (1) that HP’s channel inventory management and sales practices resulted in the sale of supplies to customers that did not need or want the product in order to artificially increase revenues and profits; (2) that HP’s channel inventory management and sales practices resulted in the sale of supplies to customers outside of designated regions at unsustainable discounts in order to artificially increase revenues and profits; (3) that HP’s channel inventory management and sales practices resulted in the sale of supplies at steep discounts to customers to encourage those customers to sell the supplies further down the supply channel, out of HP’s inventory management metrics; and (4) that, as a result of the foregoing, defendants’ statements about the Company’s business condition and prospects were materially false and misleading when made.

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If you purchased or otherwise acquired HP common stock during the Class Period, you may move the Court no later than January 4, 2021to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com.  If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

 

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SOURCE Glancy Prongay & Murray LLP