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C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO , Dec. 9, 2024 /PRNewswire/ - Manulife has been notified of an unsolicited mini-tender offer made by New York Stock and Bond LLC (New York Stock and Bond) to purchase up to 50,000 Manulife common shares, or less than 0.003% of the common shares outstanding, at a price of USD$12.50 per share. Manulife is in no way associated with New York Stock and Bond and does not recommend or endorse acceptance of this unsolicited offer. Manulife cautions shareholders that the mini-tender offer has been made at a price below the current market price for Manulife shares. The offer represents a discount of approximately 60.76% and 60.80%, respectively, below the closing prices of Manulife common shares on the TSX and NYSE on November 27, 2024 , the last trading day before the mini-tender offer was commenced, and a discount of 61.43% and 61.42%, respectively, below the closing prices on the TSX and NYSE on December 6, 2024 . Mini-tender offers are designed to seek less than 5% of a company's outstanding shares, avoiding disclosure and procedural requirements applicable to most bids under Canadian and U.S. securities regulations. The Canadian Securities Administrators (CSA) and the U.S. Securities and Exchange Commission (SEC) have expressed serious concerns about mini-tender offers, including the possibility that investors might tender to such offers without understanding the offer price relative to the actual market price of their securities. The SEC states that "bidders make mini-tender offers at below-market prices, hoping that they will catch investors off guard if the investors do not compare the offer price to the current market price." Shareholders should carefully review the New York Stock and Bond offer documents and current market price for Manulife shares, and consult their investment advisors regarding any offer they may receive and review with their advisors all options for their investment in Manulife shares. Manulife has stock transfer agents providing shareholder services in Canada , the United States , Hong Kong and the Philippines . These local agents provide services directly to our registered shareholders and can provide information on share account management, direct deposit of dividends, dividend reinvestment and share purchase plans. Please email manulifeinquiries@tmx.com for more information. Manulife requests that a copy of this news release be included in any distribution of materials relating to New York Stock and Bond's mini-tender offer for Manulife common shares. About Manulife Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. With our global headquarters in Toronto, Canada , we provide financial advice and insurance, operating as Manulife across Canada , Asia , and Europe , and primarily as John Hancock in the United States . Through Manulife Investment Management, the global brand for our Global Wealth and Asset Management segment, we serve individuals, institutions, and retirement plan members worldwide. At the end of 2023, we had more than 38,000 employees, over 98,000 agents, and thousands of distribution partners, serving over 35 million customers. We trade as 'MFC' on the Toronto , New York , and the Philippine stock exchanges, and under '945' in Hong Kong. Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/manulife-cautions-investors-regarding-new-york-stock-and-bond-llc-offer-for-shares-302326646.html SOURCE Manulife Financial CorporationReport: Lions OC Ben Johnson 'intrigued' by Bears HC jobTrump allies take the first step to wipe out multi-billion dollar government agency Trump has called for the shuttering of the Education Department Sign up for the latest with DailyMail.com's U.S. politics newsletter By SARAH EWALL-WICE, SENIOR U.S. POLITICAL REPORTER FOR DAILYMAIL.COM IN WASHINGTON, DC Published: 18:22, 22 November 2024 | Updated: 19:09, 22 November 2024 e-mail 51 View comments Republican lawmakers took a first step in an effort to shutter the U.S. Department of Education, a move that President-elect Trump called for on the campaign trail. South Dakota Senator Mike Rounds introduced the Returning Education to Our States Act on Thursday. The bill would eliminate the Education Department and redistribute all federal programs under the department. ' The federal Department of Education has never educated a single student, and it’s long past time to end this bureaucratic Department that causes more harm than good,' Rounds said. He argued local control is best when it comes to education. The proposal comes after Trump called for the department to be closed down in October. 'We want federal education dollars to follow the student rather than propping up a bloated and radical bureaucracy in Washington, D.C.," Trump said. ' We want to close the federal Department of Education.' He and his MAGA followers have accused the Education Department of 'indoctrinating young people.' 'We will drain the government education swamp and stop the abuse of your taxpayer dollars to indoctrinate America’s youth with all sorts of things that you don’t want to have our youth hearing,' Trump also said at a rally in September. Senator Mike Rounds (R-S.D.) introduced a bill that would eliminate the Department of Education and redistribute some programs to other departments The modern day Education Department was created with the passage of the Department of Education Organization Act in Congress in 1979. It combined multiple federal agencies across the government that previously focused on education and began operations in 1980. However, federal government activities regarding education date back to the 1800s. The current Department of Education is primarily responsible for administering federal funding for education and managing federal student loan and other financial aid programs. It spends roughly $79 billion a year on primary and secondary education programs. The money is discretionary, meaning it is annually set by Congress through the appropriations process. The department's spending makes up less than 3 percent of the total federal budget. In his announcement, Rounds claimed in the 45 years since the department's creation, it has grown with a budget 449 percent larger than when it started. He argued despite spending $16,000 per student each year, standardized test scores have dropped over the past decade. Trump called for closing the Department of Education on the campaign trail The Department of Education's budget is allocated by Congress as discretionary spending. Annually it spends roughly $79 billion 'For years, I’ve worked toward removing the federal Department of Education,' Rounds said. 'I’m pleased that President-elect Trump shares this vision, and I’m excited to work with him and Republican majorities in the Senate and House to make this a reality.' The bill would serve as a roadmap for dismantling the department. It would redirect programs currently housed there to the Interior, Treasury, Health and Human Services, Labor and State Departments. It is not yet clear whether the effort will move forward quickly or whether it will receive the necessary support in Congress. If the department is eliminated, oversight would be left to states which could impact some of the country's more vulnerable students including those with disabilities. But some experts have warned they are not just concerned with the Education Department being dismantled but are also sounding the alarms on the damage that can be done to programs and oversight if the department is starved of funds or slowly strangled from within. Trump named businesswoman Linda McMahon of World Wrestling Entertainment as his pick to lead the Education Department Trump announced businesswoman and former head of the Small Business Administration Linda McMahon is his pick for education secretary. He called her a fierce advocate who will fight tirelessly for school 'Choice' across the country. The country's largest labor union the National Education Association which represents public school teachers and supporting staff blasted Trump choosing McMahon as a single he couldn't care less about students' futures. It argued that rather than strengthening public schools, her ' only mission is to eliminate the Department of Education and take away taxpayer dollars from public schools.' Politics Share or comment on this article: Trump allies take the first step to wipe out multi-billion dollar government agency e-mail Add comment
ENGLEWOOD, Colo.--(BUSINESS WIRE)--Dec 9, 2024-- Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) today announced that its Board of Directors declared the regular quarterly cash dividend payable to holders of its Series A Cumulative Redeemable Preferred Stock (the “Preferred Stock”) (Nasdaq: LBRDP). The per share amount of the quarterly cash dividend will be $0.43750001, payable in cash on January 15, 2025 to holders of record of the Preferred Stock at the close of business on December 31, 2024 (the “Record Date”). About Liberty Broadband Corporation Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) operates and owns interests in a broad range of communications businesses. Liberty Broadband’s principal assets consist of its interest in Charter Communications and its subsidiary GCI. GCI is Alaska’s largest communications provider, providing data, wireless, video, voice and managed services to consumer and business customers throughout Alaska and nationwide. GCI has delivered services over the past 40 years to some of the most remote communities and in some of the most challenging conditions in North America. View source version on businesswire.com : https://www.businesswire.com/news/home/20241209914110/en/ CONTACT: Liberty Broadband Corporation Shane Kleinstein, 720-875-5432 KEYWORD: COLORADO UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: DATA MANAGEMENT CONSUMER ELECTRONICS TECHNOLOGY TELECOMMUNICATIONS MOBILE/WIRELESS INTERNET CARRIERS AND SERVICES SOURCE: Liberty Broadband Corporation Copyright Business Wire 2024. PUB: 12/09/2024 04:15 PM/DISC: 12/09/2024 04:13 PM http://www.businesswire.com/news/home/20241209914110/enSyria's Assad: The President Who Led A Bloody CrackdownRajesh Khurana: Dynamic leader in storage and tech solutions
After more than eight days, New York authorities are scaling back the search for a Quebec hiker who went missing in the snow-covered Adirondack Mountains. Léo Dufour, 22, of Vaudreuil, Que., went hiking on Nov. 29 near Allen Mountain in the High Peaks Region, known for its remoteness and rugged terrain. He was expected back the following night. Dozens of New York State Police (NYSP) and forest rangers with the Department of Environmental Conservation (DEC) quickly organized a search effort after locating Dufour's snow-covered car at the trailhead and a set of tracks. Since Dec. 1, the DEC says in a statement, 59 forest rangers searched roughly 640 kilometres by foot and NYSP deployed two helicopters to support those on the ground, transport crews and search by air as weather conditions allowed. Along with heat-detecting technology, known as forward-looking infrared, authorities analyzed Dufour's cellphone data in an effort to pinpoint his location. The Department of Homeland Security was also assisting with communications. But harsh winter weather conditions hampered the search. Léo Dufour, 22, of Vaudreuil, Que., is described as weighing 150 pounds, standing five feet seven inches and having brown hair. (NYSP/Facebook) During a Monday news conference, Incident Cmdr. Jameson Martin with the DEC said it snowed every day since Dufour went missing, temperatures were dipping below -30 C at night and conditions aren't getting any better. Dufour's water bottle was located near the top of Allen Mountain, which stands at 1,323 metres. Around the summit, Capt. Sarah Geesler said the snow is over a metre deep. "The conditions are just brutal," said Martin. Hiking from trailhead to summit is over 15 kilometres of difficult terrain. The search needs to be scaled back so as to not put rangers at further risk, said Martin, expressing his own exhaustion and frustration after more than a week of search efforts. "It's extremely hard," he said. "You obviously want to find Léo alive." New York authorities search for Quebec hiker in rugged Adirondacks As of midnight Tuesday, the effort will transition to a limited continuous search, the DEC says. Active field searches will be suspended but still may include air searches, backcountry patrols and outreach. The operation will upgrade to an active search if any leads regarding the whereabouts of Dufour are realized. Martin said searching will be weather dependent so rangers can be airlifted in and search from the top down, expending less energy just getting to the search location. He said it will likely be a recovery effort, but anything is possible. "If you stop moving, if you don't have the puffy suits to get into, your body is going to shut down in a matter of hours," he said. Search resumes for Quebec hiker in snow-covered Adirondacks Both Martin and Geesler said people should not go searching the area on their own. They said not only are the conditions near impossible in the forest, but the roads are treacherous as well. Martin said rescue services needed to be diverted once already after a would-be volunteer crashed their vehicle. Martin also recommended people don't winter hike alone in the region. Geesler said hiking the summit of Allen Mountain in the winter is possible with the right gear, but carrying a satellite communication device is recommended. Martin said authorities have been in communication with Dufour's family, but will be keeping those conversions private. According to the NYSP, Dufour was known to be wearing a black Arc Teryx Coat, black shell pants, a tan winter hat, a black backpack and reflective sunglasses. He had snowshoes, spikes and other gear. He weighs approximately 150 pounds, stands about five feet seven inches and has brown hair. Anyone with information can contact the NYSP at 518-897-2000.Charleston Southern grabs late lead, stuns host Miami
Berhampur: Unseasonal rains have caused significant damage to crops in Ganjam district, affecting farmers who were already in the harvest phase of the paddy season. The district experienced an average of 48.43 mm and 13.17 mm of rainfall on Friday and Saturday, respectively, while 2.3 mm fell on Thursday. On December 2, the district also experienced 7.18 mm of rain, sources said. As a result, both harvested paddy stocks and standing crops were affected, particularly those stored in fields for processing. Paddy was cultivated in 1.79 lakh hectares during the last kharif season in the district, sources said. "Farmers who harvested the crop and stocked it in the field for processing, as well as the standing crops at the time of harvest, were affected due to the untimely rains," said Simanchal Nahak, secretary of Rushikulya Rait Mahasabha, a farmers' organisation. Several farmers also demanded compensation for their loss of crops during the visit of the state's commerce and transport minister, Bibhuti Bhusan Jena, in Rangeilunda block to take stock of the situation. He visited several villages and discussed with the farmers. Meanwhile, the district administration deferred its earlier plan on the procurement of the paddy due to the untimely rains. The administration had earlier fixed to start the procurement of paddy from Monday and now decided to reschedule it to January 3, sources said. The district administration has begun assessing the damage, which is estimated to affect around 10,000 hectares, and will submit a report within seven days.This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here . U.S. government shutdown suspended The U.S. government narrowly avoided a shutdown after President Joe Biden signed a stopgap government funding bill on Saturday. President-elect Donald Trump and Elon Musk thwarted an initial, negotiated funding plan Wednesday by harshly criticizing its provisions, and specifically insisted on suspending the U.S. debt limit for two years. Slight chill in price increases U.S. headline inflation in November rose just 0.1% from October , according to the personal consumption expenditures price index. On an annual basis, prices increased 2.4%. Both readings were 10 basis points lower than expected. Core inflation also came in 10 basis points below forecast. The PCE is the U.S. Federal Reserve's preferred gauge of inflation. Markets in the U.S. bounced On Friday, the S&P 500 rose 1.09%, the Dow Jones Industrial Average added 1.18% and the Nasdaq Composite climbed 1.03%. But all indexes fell on the week . The pan-European Stoxx 600 fell 0.88% to end the week 1.9% lower . Novo Nordisk shares plunged 17.8% after the Danish pharmaceutical company reported disappointing trial results for a new weight loss drug. CEOs see the door Blue-chip companies, such as Boeing , Intel and Starbucks , announced changes in their chief executive officers this year. They're not alone. There were 327 CEO departures in U.S. public companies this year through November, according to outplacement firm Challenger, Gray & Christmas. That's the highest level since the firm started tracking data in 2010. [PRO] Will Rudolph's red nose outshine Santa? After a few rocky weeks of trading, stocks are poised to end December in the red. But the Santa Claus rally , traditionally occurring on the last five trading days of the year and the first two of the next, could reignite seasonal cheer. In data going back to 1969, the S&P has added 1.3% on average, according to the Stock Trader's Almanac. Stocks sold off on Wednesday after the Fed indicated it sees two quarter-point rate cuts in the year ahead, fewer than the four previously projected. "We have been moving sideways on 12-month inflation," said Fed Chair Jerome Powell at his news conference. But November's PCE came in cooler than expected. "Sticky inflation appeared to be a little less stuck this morning," said Chris Larkin, managing director of trading and investing at E-Trade Morgan Stanley. The Fed has emphasized again and again that it's "data-dependent." Would the Fed, then, have presented the world with a slightly different dot plot, if they'd had the chance to review the PCE data first? Giving slight credence to that train of thought, Chicago Fed President Austan Goolsbee told CNBC's Steve Liesman he's hopeful November's inflation reading "suggests that the couple of months of firming were more of a bump than a change in path." In other words, the economy is "still on path to get to 2%," said Goolsbee. Then again, Powell said in July that the central bank would be "data dependent, but not data-point dependent" in determining when to cut rates. Even if November's PCE index did signal inflation returning to its downward trajectory, one month's data wouldn't have shifted the dots around. Perhaps two consecutive months of cooler reading might have? Those questions are rhetorical. Conditional questions are unanswerable, especially in markets. But in their indeterminacy and circuitous nature, they highlight the fact that trying to time or game the market, especially in volatile times like these, might not be the best idea. Instead, dig deep into the fundamentals — earnings, cash flow, future income — which sway stocks even as inflation and interest rates rise and fall. Remember the days when inflation reports and Fed meetings were just another day in markets? (Not a rhetorical question.) — CNBC's Jesse Pound, Brian Evans and Sean Conlon contributed to this report.
Every MP in Westminster warned they risk being 'complicit' in Nuked Blood Scandal