AMC Entertainment Holdings Inc.’s push to convert its AMC preferred equity units, or APEs, into common stock is a massive opportunity in the company’s battle to eliminate debt, according to B. Riley Securities analyst Eric Wold. (Photo by Scott Olson/Getty Images) A previous version of this story included an incorrect figure for the amount of debt AMC had at the end of its fiscal third quarter. The correct figure is $5.325 billion. AMC Entertainment Holdings Inc.’s push to convert its AMC preferred equity units, or APEs, into common stock is a massive opportunity in the company’s battle to eliminate debt, according to B. Riley Securities analyst Eric Wold. In an SEC filing Friday, the movie-theater chain and meme-stock darling announced a special meeting of shareholders to increase the number of AMC AMC, -8.89% authorized shares from just over 524 million to 550 million and authorize a 1-for-10 reverse split of the company’s common stock, converting APEs APE, +15.36% into shares of common stock. AMC’s stock fell 6.7% Monday, while the APEs rose 16.1%. The S&P 500 SPX, -0.89% declined 0.7%. “Given that APE unit holders essentially control the vote at 64% of combined holdings and may not get another […]

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Download Image For Alabama-based manufacturer Sealing Equipment Products Co., or SEPCO, selling its mechanical seals, gasketing materials, compression packing and other high-performance products in markets around the world has become a core element of its business. Today, SEPCO ships products to customers in approximately 40 different countries, and Chief Executive Officer Chris Wilder is hoping to expand its exporting activities. “We have maintained a robust exporting program for a number of years and have always had the attitude that only 20% of our potential market is in the U.S.,” he said. As he works to expand SEPCO’s exporting activity, Wilder has leaned on the Alabama Department of Commerce, whose Office of International Trade offers companies the resources and programs to go global. Chris Wilder and Alabaster-based SEPCO have participated in a half dozen trade missions organized by the Alabama Department of Commerce and Export Alabama. (Image: Chris Wilder) “It’s hard work and expensive to expand internationally but that’s where the Alabama Department of Commerce has been such a great partner,” Wilder said. “They’ve really helped us with some projects that we just wouldn’t have undertaken without them.” Over the years, Commerce has been active in organizing dozens of trade […]

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© MT Newswires 2023 All news about ADVANCED MICRO DEVICES, INC. 12:17p Advanced Micro Devices Still has ‘Significant’ Opportunity Despite Data Center Weakness.. MT 08:51a Susquehanna Adjusts Advanced Micro Devices Price Target to $88 From $80, Maintains Posi.. MT 06:42a Social Buzz: Wallstreetbets Stocks Largely Down Premarket; Antero Midstream .. MT 01/27 Intel leads chip stock selloff after bleak outlook RE 01/27 Wall St set for subdued open as Intel warning hits chip stocks RE 01/27 Intel’s ‘historic collapse’ sparks selloff in chip stocks RE 01/27 Social Buzz: Wallstreetbets Stocks Mostly Down Premarket; Intel Poised to De.. MT 01/27 EMEA Morning Briefing: Stocks Seen Higher as Sentiment Improves DJ 01/26 Stumbling Intel, seeing AMD gain ground, says it will recover balance RE 01/25 Social Buzz: Wallstreetbets Stocks Largely Down Premarket; Microsoft Poised .. MT More news Analyst Recommendations on ADVANCED MICRO DEVICES, INC. 08:51a Susquehanna Adjusts Advanced Micro Devices Price Target to $88 From $80, Maintains Posi.. MT 01/24 Bernstein Downgrades Advanced Micro Devices to Market Perform From Outperform, Adjusts .. MT 01/23 Truist Securities Adjusts Price Target on Advanced Micro Devices to $79 From $70, Maint.. MT More recommendations Duration : Auto. Period : Day Full-screen chart

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CNN — Air France has just launched a plush new long-haul business cabin on one of its Boeing 777-300ER planes complete with sliding doors and redesigned seats. The airline debuted the impressive 48-seat business class cabin, first announced last year, on a flight from Paris to New York on January 20. The new seats can be converted into a flat bed measuring almost two meters, and also come with a sliding door to create “a totally private space.” Air France has introduced its new 48-seat business class cabin. Entertainment amenities come in the form of a 17.3-inch 4K high-definition entertainment screen, as well as noise-reducing headsets, and a Bluetooth connection allowing passengers to use their own headphones.. While all of the seats have direct access to the aisle, those in the center are fitted with a central panel that can be lowered when passengers are flying together. The new cabin will be available to business class travelers heading to New York, Rio de Janeiro and Dakar, Senegal this winter. It’ll be rolled out to other destinations throughout the course of the year as more of the planes are refurbished. The redesigned seats can be converted into a flat bed […]

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Bringing workloads to the cloud means IT solution providers bridging the gap between expectations and reality, says Manu Mehra, Managing Director – ANZ, Lenovo ISG. Every tech-first business requires a cloud strategy to enhance flexibility and efficiency at a reduced cost. As the IT landscape continues to evolve rapidly, CIOs are looking to lay the foundation and enable emerging technologies through cloud technology’s agility in processing data. A study from MIT Technology Review ranked Australia and New Zealand second and third in APAC respectively as leaders in the adoption of cloud infrastructure, tools and applications to accelerate and transform economic productivity. After over a decade of cloud transformation, IT decision makers are facing a new challenge – establishing a robust and scalable cloud infrastructure strategy. The cloud powering intelligent transformation Manu Mehra, Managing Director – ANZ, Lenovo ISG The benefits of the cloud are clear in Digital Transformation. During the emergence of cloud, many organizations adopted it to benefit from virtualization and reduced CAPEX. Today, accelerated Digital Transformation has increased workloads and the big missing piece is cloud agility. Organizational workloads have become more complex due to the increase in data and CIOs are evaluating going back to native […]

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Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release. Upload your press release EZ Web Enterprises, a leading cloud-based asset management software provider, announced today that it has launched a strategic consolidation of its product offerings and renamed the company EZO. The name change reflects the organization’s mission to provide operations teams with streamlined, easy-to-use, and powerful solutions for tracking and managing assets in almost any imaginable workflow. EZO will provide customers with a SaaS solution, used to control and maintain operational assets and equipment in order to optimize the quality and utilization of assets throughout their lifecycle, increase productive uptime, and reduce operational costs. From physical business assets to IT hardware and software, since 2011 EZO has been at the forefront of helping companies streamline operations with its comprehensive solutions. In addition to the company’s new name, EZO also launched today its innovative equipment maintenance solution, EZO CMMS (computerized maintenance management system), an asset-first operations solution that seeks to go beyond simple work order management by providing intuitive workflows which support the end-to-end management of all team activity involved […]

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Accelerating Digital Transformation in the Oil and Gas Industry Veolia Water Technologies & Solutions and OLI Systems to Jointly Accelerate Digital Transformation for the Oil and Gas Industry with Water Chemistry Insights Veolia Water Technologies & Solutions announced a collaboration with OLI Systems, a leader in water chemistry-based process simulation and electrolyte thermodynamics, to optimize operating performance in the refining and petrochemical industries through the use of OLI’s innovative cloud platform that delivers actionable insights to operations teams. OLI’s deep understanding of electrolyte-intensive applications in refining, like crude distillation units, FCC, Hydroprocessing, Sour Water Stripping, and HF Alkylation, is informed by a comprehensive chemistry property database, rigorous thermodynamic models, and an expert team of water chemistry professionals, including scientists and engineers. With the new collaboration, OLI will work with Veolia to bring these leading capabilities to Veolia field engineers and experts in refining and petrochemicals to improve the efficiency and effectiveness of chemical treatment programs by successfully addressing process diagnostics and asset integrity concerns. "Veolia has a broad portfolio of solutions for the refining industry, and this collaboration with OLI will allow us to provide our customers with a consultative offering to provide enhanced diagnostics, system optimization, and alternative […]

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• Usage of online services leaves digital footprints, and their storage, transfer or access by other parties can have huge implications, many times unintended by the user. • This calls for a reflection on data privacy and the universal right to data privacy. Kenya’s digital transformation If you are reading this article on your smartphone, you could be one of those who can instantly use the internet to take part in information sharing and discussions. In just 25 years, the Internet has transformed our lives. However, we seldom think about what the internet actually does to us, yet every time we use it, we leave digital footprints. Every second, massive quantities of data about us are being collected, used and transferred within Kenya and far beyond its borders. A growing part of the Kenyan population is active online. This opens vast opportunities for entering into a modern and globalised economy, and for people to take part in business, governance, democracy and social services. Usage of online services also leaves digital footprints, and their storage, transfer or access by other parties can have huge implications, many times unintended by the unaware user. This calls for a reflection on data privacy […]

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Al-Futtaim Group, a leading family-owned business operating across the regional automotive, financial services, real estate, retail and health markets, has committed to a complete digital transformation , powered by its long-term partner SAP , and supported by Microsoft Azure as an intelligent cloud platform, to maintain its competitive edge and realise multiple benefits for its customers, partners and employees. This month’s signing ceremony attended by the Vice Chairman and CEO of Al-Futtaim Group, Omar Al Futtaim , and SAP global CEO Christian Klein, Al-Futtaim Group officially adopted RISE with SAP, a customised solution to ensure a quick and seamless transition of mission-critical systems to the cloud. Once implemented, all of Al-Futtaim Group’s business systems will be fully integrated into the cloud, with upgrades enabling the company to leverage the benefits of new technologies and the efficiencies arising from automated and streamlined business processes. Himanshu Shrivastava, Chief Technology Officer at Al-Futtaim Group, said at the signing ceremony, “This partnership is a testament to Al-Futtaim Group’s commitment to driving innovation and staying at the forefront of our industry . In line with our continued pursuit of excellence, the comprehensive SAP solution we are implementing incorporates sustainability metrics, industry best practices, extensibility, […]

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Doha: The Planning and Statistics Authority (PSA) and Microsoft signed a Memorandum of Understanding (MoU) outlining joint cooperation between the two parties in a bid to support the digital transformation process. The MoU was signed by Mohammed Abdulaziz Al Naimi, PSA Assistant President, and Lana Khalaf, General Manager of Microsoft Doha, last Thursday at the PSA premises. This took place during a meeting attended by Dr. Khalid Al-Quradaghi, Director of Information Systems Department and Advisor to the President’s Office, Amr Samir, Director of the Public Sector at Microsoft, and a number of officials from both sides. During the meeting, both sides discussed the strategic relations between the State of Qatar and Microsoft, new projects in Qatar and an array of topics of common interest. Both sides also reviewed ways to strengthen the partnership between PSA and Microsoft and support PSA efforts in the process of digital transformation in its current and future projects through partnership with some advanced technology companies to provide their services and expertise with the best possible quality. This MoU outlines the scope of the expected cooperation between the two parties, i.e. cloud services, best practices in the areas of application modernization, artificial intelligence, cloud security, […]

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