Cygnus Credit Rating Outlook Revised to Negative

first_imgFinancial credit rating agency Standard & Poor’s has revised Cygnus Business Media’s credit rating outlook from stable to negative because of concerns over Cygnus’ significant debt due in 2009.According to S&P, the new rating—a “CCC+”—reflects several financial factors, including Cygnus’ limited liquidity, high debt leverage, small EBITDA base and what it calls “difficult business fundamentals.” In a release, S&P called Cygnus’ margin of compliance with covenants “very thin,” and said they will be a significant hurdle for the company moving forward. For the first quarter, Cygnus’ revenues were down 1.5 percent while EBITDA was flat, S&P said, although it didn’t offer specific figures. After adjusting for closed publications and timing shifts, revenue was up 3.4 percent and EBITDA was up 5 percent.A S&P analyst was not immediately available for comment. A key challenge for Cygnus, according to S&P, will be refinancing its $157 million in debt that’s due next year, including its senior secured term loan that matures July 13, 2009.”The main reason for the outlook change is that the majority of the company’s debt is maturing next year,” a Cygnus spokesperson wrote in an e-mail to FOLIO:. “Adjusting the outlook is commonly done by the rating agencies until they get a clear view of what a company will do with the maturing debt. Obviously, we are aware of it. At the appropriate time the company will evaluate its options and we are confident in a successful outcome.”The revised credit rating comes as the ABRY-owned b-to-b publisher is exploring a possible sale. Cygnus co-CEOs Carr Davis and Tony O’Brien said in an interview with FOLIO: last week that Cygnus has been approached with inquiries, and carefully described the potential divestment as “a process.” During the interview, Davis said Cygnus increased e-media revenue by 60 percent from 2006 to 2007, and from 4.5 percent of total revenue in 2006 to 10 percent of total revenue in 2007.Cygnus went on the block in 2006 but subsequently pulled off the market that year.Earlier this year, S&P revised its outlook of Hanley Wood from stable to negative, citing the soft housing market and “weaker than expected” 2007 operating results.last_img read more

Huge Gun Show Returns To Wilmington On March 23

first_imgWILMINGTON, MA — Shriners Auditorium (99 Fordham Road) will host a firearm and knife show, featuring 500 tables, on Saturday, March 2, 2019, 9am-5pm, and Sunday, March 3, 2019, 9am-3pm.Participants can buy, sell and trade sporting, antique, and collectible firearms; custom and high quality knives; and various militaria.The general admission fee for adults is $12. Children 12 and under, with an adult, are free. Parking is also free. Learn more HERE. A $1-off coupon can be found HERE.The event is hosted by New Mart Promotions of Massachusetts and promoted by the NRA-affiliated Westchester Collectors Club.(DISCLAIMER: All federal, state and local firearm ordinances and laws must be obeyed.  New Massachusetts requirement for firearm purchases – a “pin” number is needed to purchase a firearm. Pin numbers can be obtained from the Department of Criminal Justice Information Services by calling 617-660-4722, Monday through Friday, 8am to 6pm.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedHuge Gun Show Returns To Wilmington On March 3-4In “Business”Huge Gun Show Returns To WilmingtonIn “Business”Huge Gun Show Returns To Wilmington On November 12-13In “Business”last_img read more

OnePlus 7 Pro price in India leaked Heres how it compares against

first_imgOnePlus 7 Pro prebooking offerAmazon.inOnePlus 7 is set to launch on the 14th of this month, but mere days before that we have a leak which confirms that price of the 6GB/128GB model of the OnePlus 7 Pro to be Rs. 49,999, whereas the 8GB/256GB version will cost Rs. 52,999. The top-end variant, with 12GB RAM and 256GB storage, will be priced at Rs. 57,999.This information has come from Ishan Agarwal who’s been reliable with leaks in the past. How do these prices compare with phones already in the market? For starters, a recent Geekbench benchmark shows a OnePlus GM1917 featuring 12GB RAM and a Snapdragon 855 processor which scored 3551 on the single-core test and 11012 on the multi-core test. If the benchmark is to be believed, it can be assessed that the phone has a slightly better camera and memory bandwidth than the iPhone XR, which comes at an MRP of Rs. 91,900. However, it lags in single-core performance, with the latter taking a lead of over 1200 points.According to the benchmark, the OnePlus phone manages to leave the Rs. 80,000 Google Pixel 3 XL behind by a large margin. As we already know, OnePlus chose to forego IP rating certifications in favour of a lower price tag, something which will prove beneficial for the company as well as its customers. Furthermore, a DisplayMate rating of A+, the same as the Samsung S10, only boosts the marketability of the device. Here’s a detailed spec sheet for the two models:With a price tag that low and performance at par with luxury brands’ flagship phones, OnePlus might just pull it off this time as well.last_img read more

4yrold girl allured by food raped and killed in Badda

first_imgDetectives arrested a suspected rapist-cum-killer in connection with the recovery of a four-year-old girl’s corpse from Badda on Sunday night, reports UNB.The arrestee was identified as Shipon, 35.Police recovered the body of Tanha, 4, daughter of Mehedi, from inside a toilet of a tin-shed house adjacent to Abul Hotel in Adarshanagar area on Sunday evening.Officer-in-charge of Badda police station MA Jalil said that the body bore strangulation mark on its neck and injury marks on both legs.Police sent the body to Dhaka Medical College and Hospital for autopsy, he added.Tanha. File photoThey are primarily suspecting that the girl was raped and later strangled to death, he also said.Meanwhile, briefing reporters at DMP media centre on Monday, joint commissioner (DB) Abdul Baten said the perpetrator reportedly raped the minor girl after alluring her with food.The detectives started shadow investigation alongside local police station soon after the incident came to light on Sunday evening. Acting on a tip-off, a Detective Branch special team arrested Shipon from Badda area on Sunday night, he said.Tanha had been residing at a rented house of Adarshanagar with her parents. Arrested Shipon was one of their neighbours, living in a rented room with his wife.Tanha’s mother. Photo: Abdus SalamShipon had been working as a day labourer, since recently being released from jail after five years. When Tanha was returning home on Thursday crossing Shipon’s room, he pulled Tanha inside his room alluring her with food, and then he allegedly raped her, the joint commissioner of DB said.As Tanha cried out for help, Shipon strangled her, and after the girl died, fled the scene throwing the body of Tanha into a toilet of the house, he said.Mehedi, the father of the ill-fated girl filed a case with Badda police station accusing the arrested Shipon, said Abdul Jalil, the OC of the police station.last_img read more

IPython 70 releases with AsyncIO Integration and new Async libraries

first_imgIPython team released version 7.0 of IPython, yesterday. IPython is a powerful Python interactive shell with features such as advanced tab completion, syntactic coloration, and more. IPython 7.0 explores new features such as AsyncIO integration, new Async libraries, and Async support in Notebooks. IPython (Interactive Python) provides a rich toolkit for interactive computing in multiple programming languages. It’s the Jupyter kernel for Python used by millions of users. Let’s discuss the key features in IPython 7.0 release. AsyncIO Integration IPython 7.0 comes with the integration of IPython and AsyncIO. This means that you don’t have to import or learn about asyncIO anymore. AsyncIO is a library which lets you write concurrent code using the async/await syntax. The asyncIO library is used as a foundation for multiple Python asynchronous frameworks providing high-performance network, web-servers, database connection libraries, distributed task queues, etc. Just remember that asyncIO is an async function, it won’t magically make your code faster but will make it easier to write. New Async Libraries (Curio and Trio integration) Python consists of keywords async and await. This helps simplify the use of asynchronous programming and the standardization around asyncIO. It also allows experimentation with the new paradigms for asynchronous libraries. Now, two new Async Libraries namely Curio and Trio, have been added in IPython 7.0. Both of these libraries explore ways to write asynchronous programs. They also explore how to use async, awaits, and coroutines when starting from a blank slate. Curio is a library which helps perform concurrent I/O and common system programming tasks. It makes use of the Python coroutines and the explicit async/await syntax. Trio is an async/await-native I/O library for Python. It lets you write programs that do multiple things at the same time with parallelized I/O. Async support in Notebooks Async code will now work in a notebook when using ipykernel for Jupyter users. With IPython 7.0, async will work with all the frontends that support the Jupyter Protocol, including the classic Notebook, JupyterLab, Hydrogen, nteract desktop, and nteract web. The default code will run in the existing asyncIO/tornado loop that runs the kernel. For more information, check out the official release notes. Read Next Make Your Presentation with IPython How to connect your Vim editor to IPython Increase your productivity with IPythonlast_img read more

Air Canada says its new loyalty program will help to increase share

first_imgAir Canada says its new loyalty program will help to increase share price further Tags: Air Canada The Canadian Press MONTREAL — Air Canada’s move to launch its own loyalty program in 2020 will help to attract more foreign investors and narrow a gap in the value of its stock compared with its American rivals, CEO Calin Rovinescu said Monday.Air Canada is negotiating with potential credit card partners and expects to announce a decision by the end of the year, the company said. The airline served notice last year that it does not plan to renew its more than 30-year-long partnership with Aimia Inc.-operated Aeroplan when the current contract ends in 2020.Rovinescu said the company’s decision not to renew its Aeroplan partnership will deliver up to about $2.5 billion of value for investors, which could go a long way to eliminate some of the difference in how investors value the Canadian airline compared with its U.S. peers.Part of the differential is due to the higher cost of doing business in Canada because of the fee and charges that U.S. airlines don’t face operating out of its airports, he said.Chief financial officer Michael Rousseau added that the share price gap could also be narrowed as it attracts more investors from the U.S., Europe and Asia. Currently, 42% of its shareholders are from outside of Canada.Closer to home, Air Canada said it is preparing to deploy its Rouge low-cost airplanes this summer on transcontinental routes to Western Canada in order to compete with ultra-low-cost rivals, including WestJet Airlines, which is preparing to launch its Swoop ultra-low-cost airline in June.More news:  Hotel charges Bollywood star $8.50 for two bananas and the Internet has thoughtsThe routes will be between Montreal and Victoria, along with Toronto to Nanaimo and Kamloops, B.C., starting in June.Air Canada is also looking to capitalize on labour woes at its rival WestJet and preparing to increase capacity if required in response to a potential strike by WestJet pilots.“We certainly don’t take any pleasure from seeing WestJet’s current challenges and woes but certainly it’s our objective that if there was a business opportunity there we’ll seize upon it as they sought to do,” Rovinescu told shareholders.Air Canada reported a smaller-than-expected loss in its first quarter as its revenue grew compared with a year ago, boosted by increased capacity and passenger traffic.The Montreal-based airline said it lost $170 million, or 62 cents per diluted share, in its slowest quarter of the year, compared with a loss of $13 million or five cents per share in the same quarter last year.Operating revenue for the quarter totalled a record $4.07 billion, up from $3.64 billion, helped by the business cabin where revenues were up nearly 14% on higher traffic and prices.More news:  Windstar celebrates record-breaking bookings in JulyNon-fare ancillary revenues grew 17%, mainly from seat selection and preferred seats, which were up 56%, and upgrades that were 37% higher.The strong results were achieved despite higher costs resulting from winter service disruptions, Rovinescu told analysts.“Despite these challenges, our first quarter performance demonstrates our ability to perform against headwinds and our progress towards consistent earnings and long-term sustained profitability,” he said.On an adjusted basis, Air Canada said it lost $52 million or 19 cents per diluted share compared with an adjusted loss of $63 million or 23 cents per diluted share a year ago. The improvement came despite higher fuel prices.Analysts on average had expected an adjusted loss of 44 cents per share for the quarter, according to Thomson Reuters.Air Canada will consider instituting a dividend as it gets closer to achieving an investment grade credit rating by the end of 2020, said Rousseau.However, based on other airlines, he wasn’t sure there is any real reward from having a dividend program. He added that most shareholders he hears from prefer the company to reduce its debt and buy back some shares. Sharecenter_img Posted by Tuesday, May 1, 2018 << Previous PostNext Post >>last_img read more