AstraZeneca to repurchase $4bn of stock

first_img More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Share AstraZeneca to repurchase $4bn of stock KCS-content whatsapp Tags: NULL whatsappcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm ASTRAZENECA beat forecasts for the fourth quarter yesterday, reporting a two per cent rise in pre-tax profits for 2010, up to $10.98bn (£6.89bn) from $10.8bn in 2009.The UK’s second largest drug-maker saw earnings buoyed by strong sales in key products such as Crestor, an anti-cholesterol treatment.And the report cheered investors with a promise to double its share buyback programme to $4bn.“Despite government pricing pressures and anticipated patent expiries in the US and western Europe, our revenues remained in line with the previous year,” said chief executive David Brennan.The performance was attributed to brands and continued growth in emerging markets. Sales in emerging markets exceeded $5bn for the first time, the drug firm added.The company’s final year results set a target for core earnings per share between the range of $6.45 to $6.75.Earnings per share for the fourth quarter reached $1.39, above consensus forecasts of $1.35, as sales for the three months to December hit $8.617bn, above consensus forecasts of $8.385bn. Show Comments ▼ Thursday 27 January 2011 8:45 pmlast_img read more

Japan counts cost of devastating tragedy

first_img Japan counts cost of devastating tragedy by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBrake For It40 Features In Cars No One Ever Knew: No.19 Is In Every CarBrake For ItItsTheVibeThe Cutest 1980’s Stars Are Now In Their 60s, This Is Them NowItsTheVibebonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comDefinitionTop 25 Reality TV Shows That Are Completely FakeDefinitionFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatteriCanAnswerThat.comThe New Volkswagen Atlas Is The Car Of Your Dreams.iCanAnswerThat.comTaco Relish20 Southern Phrases Northerners Don’t UnderstandTaco RelishFamilyThisThe Biggest Wrestlers From Back In The Day & How They Look NowFamilyThis KCS-content Show Comments ▼ More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Sunday 13 March 2011 11:18 pm Share whatsapp whatsapp ■ NIKKEI 225 FALLS 5.8 PER CENT IN EARLY TRADING■ BOJ PUMPS £53BN INTO MONEY MARKETS JAPANESE markets were hammered this morning as traders scrabbled to offload exposure to the devastating Japanese earthquake.The Nikkei was down a staggering 5.8 per cent in early trading to 9,656.71, with stocks in firms including Nissan, Honda, Sony and energy giant Tepco – the owner of one of Japan’s damaged nuclear plants – all untraded due to heavy sell orders. The market could fall further when the backlog of sell orders are processed throughout the day, traders said.The Bank of Japan (BoJ) this morning injected seven trillion yen (£53bn) into the economy via its market operations in an attempt to shield its fragile recovery and ensure there is no disruption to the banking system. It is thought the central bank has invested in assets ranging from government bonds to private debt.It will today announce an emergency “quake budget”, although its monetary options are limited by the fact interest rates are already at virtually zero. The yen touched a four-month high against the dollar, with traders selling off foreign assets to increase their stock of yen on the expectation of high demand from insurers and companies working on rebuilding the country’s infrastructure. Prime Minister Naoto Kan said he would take firm action against speculative currency trading.The cost to the insurance industry is likely to run into tens of billions, with the Japanese government taking the lion’s share of the hit due to a scheme providing state insurance to re-insurers for earthquakes.Toyota, the world’s biggest carmaker, and Nissan have both halted production in all of their Japanese plants. Sony has also suspended production at eight factories.The death toll yesterday was thought to be at least 10,000, with aid workers working into the night recovering more bodies. In the port of Minami Sanriku in Miyagi prefecture around 9,500 people were missing out of a population of 17,000.At least 590,000 were living in temporary shelters last night, with 210,000 evacuated from the area surrounding the Fukushima nuclear power station.Fears of a full-scale meltdown persist, despite an ongoing operation to pump seawater into troubled nuclear reactors to prevent them overheating.The UN said the situation is no longer a serious threat but Kan stressed the administration is still closely monitoring it.At least 1.4m people are without running water. Aid agencies are now worried waterborne diseases could quickly spread as the sea of sludge contaminates reservoirs. A further 2.6m people are without electricity and the government has introduced rolling blackouts in Tokyo and the surrounding areas in a bid to ration energy. Tags: NULLlast_img read more

Losses widen at Scout despite Q1 revenue growth

first_img Tags: Fantasy Sports Mobile Online Gambling OTB and Betting Shops Total operating revenue for the three months through to March 31, 2019 was up significantly on SEK1.5m in the same period last year. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 31st May 2019 | By contenteditor “As markets mature, new products are being demanded and we quickly get on the radar as an attractive alternative for companies wanting a broader sports offering,” Ternström said. Casino & games Fantasy sports provider Scout Gaming Group has reported increased losses in the first quarter of the year, despite operating revenue more than doubling to SEK3.5m (£290,992/€328,368/$366,196). Subscribe to the iGaming newsletter “Furthermore, we are actively working with launching additional fantasy sports related games to increase player volumes.”Revenue from clients’ end users, or sales, accounted for €1.9m of the total, with a further €1.6m coming from Scout’s B2C brand, Fanteam. Losses widen at Scout despite Q1 revenue growth Email Address Regions: Asia Europe LATAM India Southern Europe Western Europe Malta France Mexico Fantasy sports provider Scout Gaming Group has reported increased losses in the first quarter of the year, despite revenue more than doubling to SEK3.5m. Despite this increased loss, CEO Ternström said he was pleased with the performance, noting that the business was successfully diversifying into a range of new markets. As a result, Scout’s operating loss widened from SEK8.9m in the first quarter of 2018 to SEK17.0m this year. Loss before tax jumped from SEK9.1m to SEK16.12m, with the operator benefitting from financial income of €859,000.After tax of €22,000, Scout ended the quarter with a loss of SEK16.10m, compared to SEK9.1m in the prior year. This revenue increase was accompanied by growth in costs, with total quarterly spend at SEK20.5m, almost double SEK10.4m incurred in the same period last year. This rise was primarily down to higher personnel expenses, which jumped from SEK6.1m to SEK11.5m, while other external costs increased from SEK3.2m to SEK6.7m. Topics: Casino & games Finance Sports betting Social gaming DFS “As the fantasy vertical outside the US still is at an early stage, the typical customer development is strong growth from a small base, with a sharp growth gradually increasing,” he said. “During the quarter, we have continued to roll out our products in new markets and are now live, albeit small-scale, in both North and South America, Asia and Europe.”Since the end of the first quarter, Scout has launched its new Fantasy Match-up game, a form of head-to-head fantasy contests. As the game is partially odds-based, Scout has applied for a sports betting licence in Malta. Scout saw increases in activity among existing customers, as well as the launch of new customers, and this had a direct impact on income.During the quarter it signed new agreements with Mexican casino operator Logrand Entertainment, which launched a fantasy offering via its Strendus brand, and India’s Scoring11, its second customer in the country. An agreement was also signed to deliver Scout’s platform to Brazilian operator Jogaja.“Our strategy has been to increase the number of large customers and as a consequence, increase the liquidity of the network to make an even more attractive product,” chief executive Andreas Ternström (pictured) said. “We have also accelerated the process of signing distribution agreements with larger distributors, to expand the network. The post-quarter end has also seen Scout strike a partnership with La Francaise des Jeux’s FDJ Gaming Solutions division, which will see its fantasy games rolled out as a retail solution. It has also struck distribution deals with platform providers Inplaynet and Ultraplay and Digitain.last_img read more

Cassava Smartech Zimbabwe Limited ( Q22021 Interim Report

first_imgCassava Smartech Zimbabwe Limited ( listed on the Zimbabwe Stock Exchange under the Technology sector has released it’s 2021 interim results for the second quarter.For more information about Cassava Smartech Zimbabwe Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the Cassava Smartech Zimbabwe Limited ( company page on AfricanFinancials.Document: Cassava Smartech Zimbabwe Limited (  2021 interim results for the second quarter.Company ProfileCassava Smartech is a diversified smartech group, with a mandate to use digital solutions to drive socio-economic development, and to improve the overall quality of life for all Africans. We are on a transformational mission, and envision a future whereby our solutions are able to touch every life, bringing positive impact particularly to the millions of previously excluded Africanslast_img read more

FTSE 100 shares: how I’d invest in cheap UK shares in 2021 to treble my money

first_img Despite the recent stock market recovery, it’s possible to build a portfolio filled with cheap UK shares. Many FTSE 100 shares haven’t returned to their 2019 levels, with the lead index still some way off its record high.As such, there may be buying opportunities on offer for long-term investors. In a number of cases, high-quality companies trade at cheap prices. Over time, they could deliver high returns. They may even treble in value as a global economic recovery takes hold.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Buying cheap UK shares to generate high returnsBuying cheap UK shares has been a popular strategy for many years. Its premise is simple, in terms of an undervalued asset having greater scope to deliver capital returns than an overvalued asset. It’s been used following previous bear markets. Investors who purchased cheap stocks following the global financial crisis and dot com bubble benefitted from the subsequent bull markets.Clearly, many cheap shares are likely to be undervalued because they face difficult near-term prospects. While this may mean they experience volatile performances in the short run, the long-term prospects for the economy and their financial performance are likely to improve.After all, every economic decline has been followed by a recovery. This may mean today’s cheap UK shares experience improving operating conditions that lift their financial performances and valuations in the coming years.Looking beyond price when buying FTSE 100 sharesOf course, some cheap UK shares may not recover from their present challenges. A number of FTSE 100 shares face major changes within their industries. Indeed, coronavirus is likely to mean permanent shifts in consumer spending habits in the coming years.Therefore, it’s prudent to look beyond a company’s price when deciding whether to buy it or not. Its financial strength, market position and capacity to adapt to changing industry trends could be worth assessing prior to purchase. Otherwise, an investor may end up with a portfolio that contains cheap shares priced at low levels for good reason.Similarly, the prospects for the UK economy in 2021 mean diversification is essential. Political and economic risks may increase in the short run. Having a wide range of cheap UK shares may reduce overall risk and allow an investor to capitalise on a long-term stock market recovery.Trebling an investment in cheap sharesTrebling an investment in cheap UK shares may be far more achievable than many investors realise. After all, the FTSE 100’s annual total returns of 8% over its 36-year lifetime means an investor would realistically treble their investment within around 15 years.Through buying high-quality companies when they trade at low prices, it’s possible to reduce that amount of time. With many buying opportunities on offer, 2021 could be the right time to build a portfolio of undervalued stocks. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Image source: Getty Images Simply click below to discover how you can take advantage of this. FTSE 100 shares: how I’d invest in cheap UK shares in 2021 to treble my money Our 6 ‘Best Buys Now’ Shares Peter Stephens | Friday, 1st January, 2021 See all posts by Peter Stephens Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Enter Your Email Address I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. “This Stock Could Be Like Buying Amazon in 1997”last_img read more

Bangson House / FATTSTUDIO

first_img Projects 2019 ArchDaily Thailand Bangson House / FATTSTUDIOSave this projectSaveBangson House / FATTSTUDIO ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Photographs “COPY” Architects: FATTSTUDIO Area Area of this architecture project ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Photographs:  Ketsiree WongwanDesign Director:Wattikon KosonkitProject Architect:Pompetch SakornteerawatProject Interior:Wipada SimthamnimitDesign Team:Supanna Chanpensri, Wen Hsiang Hsu, Gultida Maneewong, Chaowapol Watcharasukarn, Ornyupa NoichadStructural Engineer:Basic design CO.,LtdM&E Engineer:Degree system CO.,LtdContractor:Kumphang KaotriLighting Design:FATTSTUDIO with TRUELIGHTConstruction Cost:171,400 USDCity:Khet Bang SueCountry:ThailandMore SpecsLess SpecsSave this picture!© Ketsiree WongwanRecommended ProductsWoodBruagBalcony BalustradesWindowsFAKRORoof Windows – FPP-V preSelect MAXWoodEGGERLaminatesWoodLunawoodThermowood FacadesText description provided by the architects. In 2016, The purple line of the metro sky train was established which is connected from the northwest of Bangkok from suburban to city center by The subway city loop line (Blue line) at Bangsue interchange station. People from Nonthaburi is transited to the town easier that means the residential area will be expanded which the beginning of the project. When a couple who had decided to build the new home on little land instead of 50 Sqm above the ground as high ground Bangkoker.Save this picture!© Ketsiree WongwanSave this picture!Section 1Save this picture!© Ketsiree WongwanHow to manage all programs on 10x10m is the main condition which design team had to solve. Analyzing all requirements was the first issue that was done, the timeline of living had isolated on the timeline diagram that was selected only the main activities. The main kitchen was changed to a small pantry with a simple dining table that serves only lovers and provided comfort when friends visit. The carpark was managed for small cars only because it has to integrate with the pump room and storage area.Save this picture!© Ketsiree WongwanA living room is only used on weekend and will be transformed into a senior bedroom when parents come to Bangkok that the reason why half of the second floor is distributed to the working area for the man who reads in double-height space with natural ventilation space. The ventilation boxes beside the stair hall are not only allowed the comfortable atmosphere to the hall but also contributed the natural light every evening, It has cooperated with the windows above the void and long windows below to allow the sunlight from the sunrise until the sunset to promote quality of space.Save this picture!© Ketsiree WongwanThe last stories were designed for the bedroom which has exchanged almost half of the floor to the void and laundry terrace. With the uncomfortable context, noise from Sky train, unpleasant neighbor, etc. cause the bedroom is managed in enclose space to prevent the client from the surrounding. Unfortunately, the sunlight and passive wind always had to concern, the roof’s void is located over the bedroom terrace which is placed with a metal mesh that allows looking down to planting area on the ground floor.Save this picture!Isometric DiagramBangson House is not an ordinary small house which has fascinating space and serves wealthy people in a megacity. However, the house just serves specific users who realize their activities completely and be happy in a suitable double height ceiling in a hot climate without air conditioner nor insect issue. Especially, they already have compared living in a condominium along the sky train as people in Bangkok always do with spending their lives in the tiny house that reflects their own character as possible as it could.Save this picture!© Ketsiree WongwanSave this picture!Second Floor PlanSave this picture!© Ketsiree WongwanProject gallerySee allShow lessVilla AD8 / Nemo StudioSelected ProjectsBookstore in 798 Art Zone / 3andwich Design / He Wei StudioSelected Projects Share Bangson House / FATTSTUDIO CopyAbout this officeFATTSTUDIOOfficeFollowProductsWoodConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesOn FacebookKhet Bang SueThailandPublished on December 11, 2019Cite: “Bangson House / FATTSTUDIO” 10 Dec 2019. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogPanels / Prefabricated AssembliesTechnowoodSiding Façade SystemWindowsMitrexSolar WindowMetal PanelsAurubisPatinated Copper: Nordic Green/Blue/Turquoise/SpecialMetal PanelsDri-DesignMetal Panels – CopperIn architectureSikaBuilding Envelope SystemsExterior DeckingLunawoodThermowood DeckingMembranesEffisusFaçade Protection – Breather+Metal PanelsPure + FreeFormCustom Metal Cladding – Legacy Fund 1 BuildingWood Boards / HPL PanelsInvestwoodWood Fiber Partition Walls – ValchromatDoorsLinvisibileLinvisibile FILO 10 Vertical Pivot Door | BrezzaSkylightsFAKROEnergy-efficient roof window FTT ThermoToilets / BidetsBritexToilets – Accessible Centurion PanMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Houses CopyHouses•Khet Bang Sue, Thailand Year:  Area:  157 m² Year Completion year of this architecture project Save this picture!© Ketsiree Wongwan+ 24Curated by María Francisca González Share “COPY”last_img read more

Making ‘Magik’ on and off the court

first_imgLocal NewsEducation WhatsApp Facebook By admin – February 23, 2018 Facebook Pinterest WhatsApp Pinterest Making ‘Magik’ on and off the court Twitter Twitter The Odessa Magik pose for a photo after a game in 2017 in San Antonio. Jacob Villarreal can put it simply.His team isn’t playing for trophies at this point.With preparation for college in mind, and a new name to put on the group’s jerseys, Villarreal is raising travel funds this spring for the Odessa youth basketball team he helps coordinate, which has been accepted entry to play in Adidas Gauntlet national circuit events this summer.For Villarreal, and the near-dozen Odessa student-athletes in his group, the chance to travel to those events is less about basketball, and more about what basketball can do for the athletes, he says.True to that message, the team, known as the ‘Odessa Magik,’ is donning the name ‘Scholarship Grinders’ this summer.“My main thing behind my deal is to just to put the reality of free education on them and try to save parents tens of thousands of dollars,” Villarreal said.The team plans to travel to tournaments in Dallas and Atlanta this summer, while playing for a chance to qualify for a third tournament in New York, as part of Adidas’ Silver Gauntlet national circuit.To put together travel and entry funds, Villarreal is seeking sponsorships and planning upcoming fundraiser events.Student-athletes from both Permian and Odessa High are set to play with the 17-and-under boys team, with the goal in mind to experience the travel, improve by playing against high-level players during the summer, and, ultimately, piece together the connections that could help get players to the next level.Besides organizing games and tournament entry, Villarreal said he works with players to set up online recruiting profiles, zero in on realistic college choices, and sift through information on athletic and academic scholarships.“That’s all I’m trying to do, is just help these kids and get the burden off the parents for these scholarships and stuff like that,” he said.This summer, with their application accepted to play in Adidas’ events, Villarreal and his players hope to make that happen.Villarreal said those seeking to contribute or learn more about sponsorships can call 432-202-8570, or visit the team’s “Odessa_Magik” Instagram page.“We’re not playing for trophies no more,” Villarreal said. “I’m not trophy chasing. We’ve got enough hardware. I’m trying to go play in front of scouts and coaches now.“I’m just excited for them, just to be able to experience that, at that level,” he added. Previous articleCHAPMAN: A cure for mass shootings doesn’t existNext articleFive things you need to know today, Feb. 23 adminlast_img read more

US hit with record breaking low termperatures

first_imgNews US hit with record breaking low termperatures Man arrested on suspicion of drugs and criminal property offences in Derry Main Evening News, Sport and Obituaries Tuesday May 25th Twitter Gardai continue to investigate Kilmacrennan fire States in the centre and Midwest of America are experiencing the coldest and most dangerous temperatures in decades.In one part of Minnesota it fell to minus 40 degrees Celsius which is the same in Fahrenheit.The east coast and deep south are now being warned to brace themselves, with overnight temperatures falling 50 degrees Fahrenheit in New York on Monday.But Meteorologist with Met Eireann Evelyn Cusack says the Irish coasts insulates us from feeling the Polar Vortex being experienced State-side.”Not in the next week anyway – but we’re lucky in that way that…we’re surrounded by sea, so polar air does tend to get modified” she said.”Although it can plunge down, but generally we would never get it as cold as in the States because the sea actually warms up the polar air as it heads towards Ireland” she added. Previous articleNew gadgets on display at Las Vegas tech fairNext articleNiece of Ralph Lauren to plead guilty to air rage charges News Highland Further drop in people receiving PUP in Donegal Facebook RELATED ARTICLESMORE FROM AUTHOR WhatsAppcenter_img Google+ Pinterest Google+ Facebook Pinterest WhatsApp 75 positive cases of Covid confirmed in North By News Highland – January 7, 2014 365 additional cases of Covid-19 in Republic Twitterlast_img read more

Supreme Court Stays Kerala HC Judgment Which Set Aside Appointment Of A District Judge

first_imgNews UpdatesSupreme Court Stays Kerala HC Judgment Which Set Aside Appointment Of A District Judge LIVELAW NEWS NETWORK11 Jan 2021 5:38 AMShare This – xThe Supreme Court has stayed a Kerala High Court judgment which set aside the appointment of a District Judge on the ground that, at the time of issuing the order of appointment, he was not a practising Advocate and was in judicial service, functioning as a Munsiff.The bench headed by the Chief Justice of India SA Bobde issued notice in a special leave petition filed by Rejanish KV against…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Supreme Court has stayed a Kerala High Court judgment which set aside the appointment of a District Judge on the ground that, at the time of issuing the order of appointment, he was not a practising Advocate and was in judicial service, functioning as a Munsiff.The bench headed by the Chief Justice of India SA Bobde issued notice in a special leave petition filed by Rejanish KV against the High Court judgment.Rejanish KV was a practising lawyer having 7 years’ experience in the Bar when he submitted his application for the post of District Judge. He was also an applicant for selection to the post of Munsiff/Magistrate and while the selection process of District Judge was underway, he was appointed as a Munsiff-Magistrate on 28/12/2017. After he got appointment order to the post of District Judge, he was relieved from the Subordinate Judiciary on 21/8/2019 and he took charge as District Judge, Thiruvananthapuram on 24/8/2019. Another candidate [K. Deepa] filed a writ petition before the High Court challenging his appointment contending that he was not eligible to be appointed as District Judge since at the relevant time when he was appointed as a District Judge, he was not a practising Advocate and was in judicial service, functioning as a Munsiff. This writ petition was allowed by the Single Bench relying on a Supreme Court judgment in Dheeraj Mor v. High Court of Delhi in which it was held that an advocate who applies for the post of District Judge by way of direct recruitment should continue to be a practising Advocate until the date of appointment.Though it upheld the Single Bench judgment, the Division Bench of the High Court observed that several appointments of District Judges may have been made across the country based on the Rules applicable in the respective States which may, as in the case of the Kerala Rules be contrary to the declaration of law in Dheeraj Mor. It , therefore, granted certificate to file appeal before the Supreme Court observing that matter involves substantial question of law of general importance.Case: REJANISH K.V. vs. K. DEEPA [Civil Appeal No(s). 3947/2020] Click here to Read/Download OrderRead Order Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Empire Petroleum announces a joint development agreement with Petroleum Independent & Exploration

first_img Empire Petroleum announces a joint development agreement with Petroleum Independent & Exploration. (Credit: Gerd Altmann from Pixabay.) Empire Petroleum announced that it has completed an equity transaction and a field level debt issuance, fully funding a substantial workover/recompletion program at its recently-acquired properties in East Texas, specifically, the Fort Trinidad Field in Houston and Madison Counties. As a result of the investment, Empire Texas LLC has entered into a joint development agreement with The Woodlands, Texas-based Petroleum Independent & Exploration and PIE Operating and their affiliates (collectively, “PIE”) and Mineral Resource Texas (MRP) to execute of series of workovers designed to potentially increase the field’s production from existing wellbores.The Securities Purchase Agreement outlines a PIE total investment of approximately $3,375,000 for an equity stake of up to 40% of Empire. In addition, PIE will provide up to a $2,000,000 loan (may be amended to $3,000,000) to Empire Texas for workover development within our current East Texas assets.The properties contain approximately 91% working interest and 83% net revenue interest and have been recently producing from multiple pays of the Glen Rose, Edwards and Buda formations. PIE, led by Phil Mulacek, will contract operate the field and identified workover wells in the program, bringing their experienced carbonate geology, and geophysical, and drilling team that has been responsible for world class discoveries, such as the Elk and Antelope Fields in Papua New Guinea, subsequently bought by Exxon Mobil and Total in 2017.“As a significant investor in Empire, combined with the operational expertise and capital to implement an initial robust workover program, we believe PIE is a terrific partner aligning with all shareholders,” stated Mike Morrisett, President. “It has been a pleasure working with Phil Mulacek and his team bringing our Joint Development Agreement quickly to fruition.”“We’re pleased to have the opportunity to work with Phil and his highly experienced technical team at PIE,” stated Tommy Pritchard, CEO. “The enthusiasm shown while working on planning brought forward other potential acquisitions in close proximity to our strong position in the Fort Trinidad Field that we are currently evaluating.” Source: Company Press Release The Securities Purchase Agreement outlines a PIE total investment of approximately $3,375,000 for an equity stake of up to 40% of Empirelast_img read more