In a previously disseminated version of this news release the headline contained a misspelling of Magna Mining Inc. That has been updated to reflect the correct spelling. No other changes have been made to this release.Sudbury, Ontario--(Newsfile Corp. - August 25, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) (the "Company" or "Magna") is scheduled to release its Q2 2025 financial results and MD&A after the market close on Wednesday August 27, 2025. The company will be holding a confere ...

In 2024, there were 134 unplanned CEO departures at Russell 3000 companies, the most in recent memory. And according to a recent Bloomberg analysis, the price of a CEO transition can be staggering. Let's break down the cost of firing your CEO.Step one, you have to pay the person who was ousted. The median payment to forced out CEOs in 2024 was $6.7% million. This includes payouts for unvested stock awards and other equity based compensation.Step two, you have to pay the incoming CEO. The median signon payme ...

GOUVERNEUR, N.Y., Aug. 20, 2025 (GLOBE NEWSWIRE) -- Titan Mining Corporation (TSX:TI, OTCQB: TIMCF) (“Titan” or the “Company”) announces that all matters presented for approval at Titan’s annual meeting of shareholders held today, as more particularly set out in the Company’s Management Information Circular dated July 9, 2025, have been approved. A summary of the results for the election of Titan’s Board of Directors is provided below:  Name of NomineeVotes ForVotes AgainstVotes WithheldNumber%Number%Number ...

Core Viewpoint - Carronade Capital Management, a significant shareholder of Cannae Holdings, is urging the company's executive team to address transparency and governance issues during the upcoming earnings call, highlighting a need for accountability and shareholder engagement [1][2][3]. Shareholder Concerns - Carronade Capital expresses disappointment over Cannae's lack of transparency and responsiveness, noting that the company's total shareholder return (TSR) has improved since their engagement, but governance issues remain unaddressed [2]. - The absolute TSR from inception was -5%, and the relative TSR was -156% prior to Carronade's engagement, which has since improved to +18% and +16%, respectively [2]. Governance Issues - The Board of Directors is criticized for taking steps to entrench itself, including generous compensation packages and delaying the 2025 Annual Meeting of Shareholders [2][6]. - Carronade Capital is advocating for shareholder representation on the Board and has nominated four independent candidates for election [3]. Key Questions for Cannae - Carronade Capital has posed several questions for Cannae's management to address, including the timeline for the 2025 Annual Meeting, the justification for delays, and the plan for returning proceeds from the Dun & Bradstreet sale [6]. - Specific inquiries include how much of the $300 million committed for share repurchases will be returned to non-insider shareholders and whether a premium will be offered in a tender offer [6]. Company Background - Carronade Capital Management is a multi-strategy investment firm with approximately $2.5 billion in assets under management, focusing on process-driven investments in catalyst-rich situations [5].

Core Insights - Solo Brands, Inc. reported a significant focus on transforming into a smaller, profit-driven business model, achieving nearly $11 million in cash from operations for Q2 2025 [2][3] - The company faced challenges in the Solo Stove segment due to excessive inventory and a shift away from a promotional sales strategy, while Chubbies showed strong growth with a 13.1% increase in sales [2][5] - The company successfully refinanced its debt, eliminated the going concern disclaimer, and reinstated trading of its Class A common stock under the new ticker symbol SBDS [2][12] Financial Performance - For Q2 2025, net sales decreased to $92.3 million, down 29.9% from $131.6 million in Q2 2024, primarily due to declines in the Solo Stove segment [5][9] - Gross profit for Q2 2025 was $56.6 million, representing 61.3% of net sales, a decrease of 150 basis points compared to the prior year [5][9] - Operating expenses decreased by $14.0 million to $66.4 million, a reduction of 17.4%, mainly due to lower marketing and distribution costs [5][9] Segment Performance - Solo Stove segment net sales fell to $38.3 million, a decline of 45.8%, primarily due to reduced direct-to-consumer sales [5][9] - Chubbies segment net sales increased to $44.5 million, up 13.1%, with segment EBITDA improving to $11.5 million, or 25.8% of net sales [9][25] - Adjusted EBITDA for the company was $10.5 million, or 11.4% of net sales, compared to $15.5 million, or 11.7% of net sales in the prior year [5][9] Balance Sheet and Cash Flow - As of June 30, 2025, cash and cash equivalents were $18.1 million, up from $12.0 million at the end of 2024, while inventory decreased to $84.1 million from $108.6 million [8][27] - The company reported a net loss of $20.8 million for Q2 2025, compared to a net loss of $4.0 million in Q2 2024 [5][9] - Total liabilities included $10.0 million in borrowings under the revolving credit facility and $241.2 million under the term loan as of June 30, 2025 [10][11]

Core Insights - Air Products has appointed Megan Britt as the new Vice President of Investor Relations, bringing nearly 25 years of experience in the field [1][2] - Britt's previous roles include leading Investor Relations at Archer-Daniels Midland, Tyson Foods, and Corteva Agriscience, along with finance and strategy positions at DuPont [1] - Air Products is focused on enhancing shareholder value through core capabilities, capital discipline, and productivity, with Britt's expertise expected to strengthen relationships with analysts and investors [2] Company Overview - Air Products is a leading industrial gases company with over 80 years of operation, serving energy, environmental, and emerging markets [3] - The company supplies essential industrial gases and related equipment to various industries, including refining, chemicals, metals, electronics, manufacturing, medical, and food [3] - Air Products is the leading global supplier of hydrogen and is involved in developing large-scale clean hydrogen projects to support the transition to low- and zero-carbon energy [3] Financial Performance - For fiscal 2024, Air Products reported sales of $12.1 billion from operations in approximately 50 countries [4] - The company has a current market capitalization exceeding $60 billion [4]

RT Tesla (@Tesla)A Letter to Our Shareholders on the 2025 CEO Interim AwardDear Fellow Tesla Shareholders,Today we announce an important first step in compensating Elon Musk for his extraordinary work at Tesla. As you know, Elon has not received meaningful compensation for eight years since the 2012 CEO Performance Award was last earned in 2017. Despite overwhelming support from you in 2018 and again in 2024, our legal efforts continue in the Delaware courts to reinstate the 2018 CEO Performance Award. Desp ...

Financial Data and Key Metrics Changes - In Q2 2025, total volume decreased by 3% year over year to $4.2 billion, while consolidated gross profit declined by 5% to $232 million, falling below the previous guidance range [13][14] - Adjusted operating income increased by 11% year over year, indicating improved overall operating performance despite the decline in gross profit [14] - Operating expenses were $173 million, down 10% year over year and below the guidance range [18][19] - Operating cash flow was $28 million, and free cash flow was $13 million, contributing to a year-to-date operating cash flow of $143 million and free cash flow of $113 million [20][24] Business Line Data and Key Metrics Changes - Aviation segment volume increased by 2% year over year to 1.9 billion gallons, with gross profit rising by 8% to $138 million, driven by strong performance in Europe [14][15] - Land segment volume decreased by 7% year over year, with gross profit down 17% to $67 million, primarily due to the sale of UK and Brazil operations and lower volumes in North America [15][16] - Marine segment volumes also declined by 7% year over year, with gross profit decreasing approximately 26%, impacted by an unfavorable transaction tax settlement and weaker performance in certain locations [17][18] Market Data and Key Metrics Changes - The company noted strong demand for commercial and business aviation fuel and services, particularly in Europe, which is expected to continue into Q3 [6][10] - The land segment faced challenges due to global economic uncertainty and demand weakness in North America, prompting a strategic exit from underperforming activities [7][8] Company Strategy and Development Direction - The company is focused on streamlining its portfolio to reduce complexity and enhance execution in high-value areas, including divesting underperforming assets [7][10] - A balanced approach to capital deployment is being maintained, with an increase in quarterly dividends reflecting confidence in cash flow generation capabilities [9][20] - The company aims to concentrate on core markets that offer predictable earnings contributions and sustainable value creation [8][22] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing macroeconomic headwinds but expressed confidence in the ability to generate consistent cash flow and drive long-term value [10][24] - The company expects sequential improvement in land performance in Q3, although year-over-year gross profit will remain lower due to previous portfolio changes [17][22] - Management highlighted the importance of operational discipline and cost management in navigating the current market complexities [19][23] Other Important Information - The company generated $64 million in returns to shareholders through share repurchases and dividends in the first half of the year [20][24] - The balance sheet remains strong with $415 million in net debt and over $1 billion in available liquidity, allowing for potential strategic investments [21] Q&A Session Summary Question: Regarding land disappointment and potential asset divestitures - Management indicated that there are still parts of the land business that could be optimized or divested, focusing on activities that are not scalable or profitable [30][32] Question: Insights on third-quarter expectations for each business segment - Aviation is expected to benefit from government activity, while Marine may see profit declines due to ongoing market conditions. Land is anticipated to have lower gross profit due to recent exits from unprofitable markets [36][44] Question: Investment opportunities and strategies moving forward - The company is looking for both organic and inorganic growth opportunities, particularly in aviation and land, as valuations improve and interest rates decrease [56][58] Question: Impact of tax settlement on Marine segment guidance - Without the tax settlement, Marine gross profit would have been within the guidance range [59]

Financial Data and Key Metrics Changes - Revenues for the second quarter were $16.6 billion, a 5.8% increase compared to 2024 [5] - Net income was $2.1 billion, with adjusted net income at $1.6 billion or $5.94 per diluted share [5] - Adjusted net income return on equity was 28.6% over the trailing twelve months [6] Business Line Data and Key Metrics Changes - Total policies in force increased by 2.08 million, or 4.2% year-over-year, led by Allstate Protection Plans [5] - Personal Property Liability policies in force increased by 0.8% [5] - The Property Liability business generated nearly $1.3 billion of underwriting income with a combined ratio of 91.1, a 10-point improvement from the prior year [14] - Homeowners business had a combined ratio of 102% due to $1.6 billion in catastrophe losses, despite strong underlying margins [15] Market Data and Key Metrics Changes - Auto insurance policies in force increased by 0.5% year-over-year, while homeowners policies grew by 2.3% [16] - The auto insurance segment saw a combined ratio of 86%, a 9.9-point improvement from 2024 [14] - The Protection Services segment generated $867 million in revenue, reflecting a 16.6% increase year-over-year [10] Company Strategy and Development Direction - The company aims to increase personal property liability market share and expand customer protection [4] - The Transform and Grow strategy is in Phase four, focusing on new auto insurance products and enhanced distribution channels [6][7] - The company is leveraging advanced technology and large language models to improve customer access and claims processes [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the transformative growth strategy, indicating that it is generating significant new business [28] - The company is optimistic about growth in New York and New Jersey, anticipating regulatory approvals for new products [31] - Management highlighted the importance of retention and customer interaction to sustain growth [21] Other Important Information - The company completed divestitures of the employee voluntary benefits and group health businesses for a combined $3.25 billion [22] - Shareholder returns included $1.1 billion in dividends and $445 million in share repurchases [23] Q&A Session Summary Question: Can you discuss potential tailwinds and headwinds for growth? - Management acknowledged the decline of inactive brands but noted that the impact on overall results will diminish over time [28] Question: How do you view the lifetime profitability of the business across different channels? - Management emphasized confidence in the lifetime value of all written policies, supported by sophisticated analytical systems [32] Question: Can you elaborate on frequency trends and the impact of technology? - Management noted a downward trend in auto frequency, driven by advanced safety features in vehicles [39] Question: What changes have been made to the reinsurance program this year? - The company increased its total catastrophe reinsurance limit to over $11 billion, up $2 billion from last year, with a 10% risk-adjusted decrease in cost [44] Question: How is the competitive environment affecting new business retention? - Management expressed confidence in their competitive positioning, citing broad distribution and improved customer value [72] Question: What is the company's long-term view on the Canadian market? - Management remains optimistic about winning in Canada despite competitors exiting the market [54]

Financial Performance - Philip 66 earnings reached $238 per share [1] - Revenue totaled $335 billion, exceeding expectations [1] - Realized margin per barrel increased by approximately 124% [2] - Adjusted pre-tax income from refining was $392 million [4] - Midstream adjusted pre-tax earnings amounted to $731 million [6] - Marketing and specialties business delivered $660 million of pre-tax net income [7] Operational Efficiency - Refining achieved its highest utilization rates since 2018 [1][4] - Lowest cost per barrel since 2021 was achieved [1][4] - Record yield in clean products was achieved in the first half of the year [4] Strategic Decisions - The company is winding down its Los Angeles refinery due to challenging inefficiencies and lack of profitability, incurring $239 million of pre-tax accelerated depreciation [1][18][20] - Philip 66 is focused on maximizing shareholder value and believes in its integrated structure [8][10] - Three new board members were added, two nominated by Elliot and one nominated by Philip 66 [10][11]