Northfield Capital Completes Strategic Aviation Expansion With Acquisition of Second Pilatus PC-12; Updates Aircraft Loan Agreement
Globenewswire· 2025-07-08 15:24
Core Insights - Northfield Capital Corporation has completed its aviation fleet expansion strategy by acquiring a second Pilatus PC-12 NG aircraft, complementing earlier purchases of two helicopters to meet rising charter demand [1][2][3] - The acquisition is part of a broader strategy to enhance True North Airways' operational scale and geographic reach, enabling the company to provide integrated aviation solutions across various sectors [3][4] Fleet Expansion Details - The recent acquisition of the 2014 Pilatus PC-12 NG adds long-range, fixed-wing capability to True North's fleet, which now includes three helicopters and two Pilatus PC-12s [4][6] - The helicopters acquired earlier in 2025 include a 1999 Eurocopter AS350-B3 and a 1980 Bell 206B3 Jet Ranger, aimed at expanding rotary-wing operations in Ontario and El Salvador [4][10] Financial Aspects - The purchase of the aircraft was financed through an amendment to the Aircraft Loan Agreement, increasing total available proceeds to US$5.795 million [1][5][19] - The financing structure includes a guarantee from Northfield and its subsidiaries, with security taken against the newly acquired aircraft [19][22] Operational Impact - The addition of the second PC-12 enhances True North's charter capabilities, providing operational flexibility and reliability to meet increasing demand across Canada, the U.S., and Central America [2][6] - The fleet is optimized for various services, including executive travel, energy, remote logistics, and public service contracts, reflecting a comprehensive approach to aviation solutions [3][8][24]
Mondelēz Global LLC Conducts U.S. Voluntary Recall of Four Carton Sizes of RITZ Peanut Butter Cracker Sandwiches Due to Labeling Error
Globenewswire· 2025-07-08 15:15
Core Point - Mondelēz Global LLC has announced a voluntary recall of specific RITZ Peanut Butter Cracker Sandwiches due to potential mislabeling that could pose a risk to individuals with peanut allergies [1][5]. Product Recall Details - The recall affects four carton sizes: 8-pack, 20-pack, and 40-pack of RITZ Peanut Butter Cracker Sandwiches, as well as the 20-pack RITZ Filled Cracker Sandwich Variety Pack [1][2]. - The affected products may be incorrectly labeled as Cheese variety, while they actually contain Peanut Butter [1][5]. - All outer cartons are correctly labeled and include an allergen advisory statement indicating the presence of peanuts [2]. Specific Product Information - The recalled products include: - 11.4 oz. RITZ Peanut Butter Cracker Sandwiches (8 Count) with Best When Used By Dates of NOV 25 and JAN 26 [3]. - 27.6 oz. RITZ Peanut Butter Cracker Sandwiches (20 Count) with Best When Used By Dates of NOV 25 and JAN 26 [3]. - 55.2 oz. RITZ Peanut Butter Cracker Sandwiches (40 Count) with Best When Used By Dates of NOV 25 and JAN 26 [3]. - 27.3 oz. RITZ Filled Cracker Sandwich 20-Count Variety Pack with Best When Used By Dates of NOV 25 [3]. Consumer Guidance - Consumers with peanut allergies are advised not to consume the affected products and to discard them [6]. - Mondelēz Global LLC has set up a consumer hotline for further information regarding the recall [6]. Company Overview - Mondelēz International, Inc. reported net revenues of approximately $36.4 billion in 2024 and operates in over 150 countries with a portfolio of iconic brands [7].
Most US employers not budging on budgets, salary increases remain flat
Globenewswire· 2025-07-08 15:09
Core Insights - Average salary increase budgets for US companies in 2026 are expected to remain stable at 3.5%, matching the actual increases of 2025 [1] - Organizations are becoming more strategic in their pay allocation and investment focus, aiming to align with broader business goals despite economic uncertainty [3] Salary Budget Changes - Three out of five organizations experienced changes in their salary budgets during the last pay cycle, with 53% reporting no difference between anticipated and actual budgets for 2025 [2] - Among organizations projecting lower salary increases, 51% cited anticipated recession or weaker financial results, while 45% mentioned cost management concerns [2] - Tight labor markets (59%) and inflationary pressures (30%) were the main reasons for those projecting higher salary budgets [2] Employee Retention and Stability - Employee stability has improved, with less than one-third (30%) of organizations reporting challenges in attracting or retaining employees, a decrease of 11 percentage points since 2023 [4] - Organizations are taking actions to enhance employee experience, health and wellness benefits, and training opportunities in response to low turnover and concerns about burnout [5] Compensation Adjustments - Employers are adjusting compensation programs to address competitive labor markets and inflation, with 50% conducting a compensation review of all employees and 48% reviewing specific employee groups [6] - Over 40% of organizations have enhanced their use of retention bonuses or spot awards, and 37% have targeted base salary increases for specific employee groups [6] Payroll Expenses - The average annual payroll expense has increased by nearly 4% (3.6%), with 70% of organizations reporting higher total annual payroll expenses compared to the previous year [7] Strategic Investments - Employers are making investments beyond pay raises, focusing on career development, wellbeing, flexibility, and equity to enhance performance, retention, and resilience in a changing market [8] Survey Details - The Salary Budget Planning Report was compiled by WTW's Rewards Data Intelligence practice, with approximately 29,128 responses from companies across 157 countries, including 1,569 from the U.S. [9]
Alstom S.A: Disclosure of the total number of voting rights and shares forming the share capital as at 8 July 2025
Globenewswire· 2025-07-08 15:04
8 July 2025Information pursuant to article L. 233-8 II of the Code de commerce and articles 223-16 and 223-11 of the AMF General regulation (Règlement général de l’Autorité des marchés financiers) DateNumber of shares with a nominal value of €7Gross number ofvoting rights8 July 2025462,029,966462 029 966 About Alstom </ ...
Nation’s Fastest-Growing Boating Market Welcomes Premier Dealer, Bringing MasterCraft’s Industry-Leading Performance, Innovative Technology and Elite Service to Houston Boaters
Globenewswire· 2025-07-08 15:00
Core Insights - MasterCraft Boat Company has expanded its dealer network by partnering with Rinker's Boat World in Houston, Texas, enhancing customer access to its premium towboats [1][4] - Rinker's Boat World, established in 1978, aligns with MasterCraft's commitment to quality and customer experience, offering a full-service dealership with on-water demos and support [2][4] - The partnership aims to strengthen MasterCraft's presence in high-demand regions, providing local customers with superior service and access to top-tier towboats [4] Company Overview - MasterCraft is recognized as a leading innovator in the design and manufacturing of premium performance sport boats, with a history of over 50 years in the industry [6] - MasterCraft Boat Holdings, Inc. operates under three brands: MasterCraft, Crest, and Balise, and is headquartered in Vonore, TN [7]
Freedom Boat Club Enters Middle East Market with Launch of Dubai Harbour Location
Globenewswire· 2025-07-08 15:00
Core Insights - Freedom Boat Club is expanding into the Middle East with the launch of Freedom Boat Club of Dubai in Fall 2025, marking a significant milestone in its international development [1][2][3] Company Expansion - The new club will be strategically located in Dubai Harbour, a vibrant and high-potential boating market [2][4] - The first Dubai location will be owned and operated by franchise partner Baker Almasabey, who has a background in logistics and a passion for boating [3][4] - Freedom Boat Club plans to open three locations across Dubai by the end of 2026, indicating an accelerated growth strategy [6] Market Potential - Dubai boasts the second-largest economy in the UAE, high population density, and a year-round boating season, making it an ideal location for the club [4] - The city features over 70 kilometers of natural coastline and nearly 500 kilometers of artificial islands, providing unparalleled access to water activities [4] Membership and Fleet - Members of Freedom Boat Club of Dubai will have access to a premium fleet of Brunswick-branded boats, including Sea Ray and Boston Whaler, powered by Mercury Marine engines [5]
Univest Financial Corporation to Hold Second Quarter 2025 Earnings Call
Globenewswire· 2025-07-08 14:49
Core Points - Univest Financial Corporation will host a conference call to discuss its second quarter 2025 earnings on July 24, 2025, at 9:00 a.m. [1] - Earnings are scheduled to be released after the market closes on July 23, 2025 [1] Company Overview - Univest Financial Corporation has approximately $8.0 billion in assets and $5.2 billion in assets under management and supervision as of March 31, 2025 [3] - The company provides a full range of financial solutions for individuals, businesses, municipalities, and nonprofit organizations primarily in the Mid-Atlantic Region [3] - Univest operates through a network of more than 50 offices and offers services online [3]
CETY Announces Continued Eligibility for Federal Clean Energy Incentives Under New Law, Solidifying Leadership in Advanced Green Technologies
Globenewswire· 2025-07-08 14:39
IRVINE, CA., July 08, 2025 (GLOBE NEWSWIRE) -- Clean Energy Technologies, Inc. (Nasdaq: CETY) (the “Company” or “CETY”), a clean energy technology company offering power generation, waste to energy, battery storage, and heat to power solutions to deliver affordable, scalable, and eco-friendly energy, clean fuels, and alternative electricity for a sustainable future, is pleased to announce that its technologies should remain fully eligible for federal clean energy tax incentives following the passage of the ...
M2 Retail Launches New Modern Reception Design to Elevate Spa and Salon Experiences
Globenewswire· 2025-07-08 14:32
Core Insights - M2 Retail has successfully completed a modern white oak spa and salon reception solution, showcasing its expertise in salon reception design and global delivery [1][8] - The project emphasizes customization in materials and layout, along with brand-enhancing design elements, aligning the reception design with the client's identity [2][6] Design Features - The reception area includes a sleek Sulla reception desk and a matching side cabinet, designed to maximize workspace and storage while maintaining a refined aesthetic [4] - A striking slatted feature wall and brushed stainless steel backlit signage enhance the visual appeal and brand presence [4] - The seating zone features a cream-toned double sofa, a wool-upholstered armchair, and an amber glass side table, creating a warm, boutique-style lounge [5] Functional Elements - The design incorporates a multifunctional display cabinet and a dedicated refreshment station, blending practicality with elevated design [5] - M2 Retail's modular system includes reception desks, feature walls, seating, and storage, allowing clients to create cohesive and customizable spaces [6] Logistics and Services - M2 Retail supports its operations with local warehouses in the U.S., Europe, and Australia, ensuring reliable global logistics and quick delivery for time-sensitive projects [7] - The company offers flexible design services, from focused reception layouts to comprehensive store planning, making premium design scalable for various project sizes [7] Industry Position - By combining aesthetic innovation with operational efficiency, M2 Retail sets new benchmarks in modern salon and spa reception design, reinforcing its role as a trusted partner for global retail and wellness brands [8]
SKYX Announces a Global Sales and Marketing Collaboration Agreement with World Leading Ceiling Fan Manufacturer Parrot Uncle for Its Smart Turbo Heater & Ceiling Fans Among Other Plug & Play Products
Globenewswire· 2025-07-08 14:07
Core Insights - SKYX Platforms Corp. has entered a sales and marketing collaboration agreement with Parrot Uncle to jointly market innovative smart home technologies, including a patented all-in-one smart turbo heater and ceiling fan [1][2][6] - The ceiling fan and space heater market is a multi-billion-dollar industry, with tens of millions of units sold annually in the U.S. alone, indicating a significant market opportunity for the new product [2][4] - SKYX plans to launch two versions of the combined ceiling fan and heater product in 6 to 8 colors, targeting both residential and commercial markets, with production already underway [3][4] Company Overview - SKYX Platforms Corp. is focused on making homes and buildings smart, safe, and advanced, holding over 100 patents globally and managing more than 60 lighting and home décor websites [7] - The company emphasizes high quality and ease of use in its products, aiming to enhance safety and lifestyle in homes and buildings [7] Market Potential - The integration of a ceiling fan with a built-in heater addresses a substantial market opportunity across all four seasons, reinforcing the potential for significant sales growth [4] - The successful launch of this innovative product line is seen as a critical milestone for SKYX on its path to achieving cash-flow positive operations by 2025 [4][6]