Tulsa Local News
Community Schools: Closing Opportunity Gaps for Students in Need
14 12 2017
Washington, DC December 14, 2017
Growing economic and racial inequality are impacting many children’s health and welfare, as well as educational and life success. To address these inequalities, policymakers increasingly look to community schools as an effective approach for supporting students and their families in neighborhoods facing concentrated poverty. Through partnering with community agencies, community schools integrate academics and collaborative leadership with health and social services, youth and community development, and family and community engagement. A new study from the Learning Policy Institute finds that, when implemented well, these schools help students overcome such challenges, improving their educational outcomes by removing out-of-school barriers to learning.
The report, Community Schools as an Effective School Improvement Strategy: A Review of the Evidence, was produced in collaboration with the National Education Policy Center. It synthesizes the findings...
FourPoint Energy Announces New Equity Financing with Quantum Energy Partners and Closes the Acquisition of Jointly Owned Properties in the Texas Panhandle
14 12 2017
DENVER, Dec. 14, 2017 -- FourPoint Energy, LLC announced today a new equity financing and the closing of a strategic upstream and midstream acquisition in the Anadarko Basin. Quantum Energy Partners has agreed to invest $489 million in common equity in FourPoint making it one of the largest unit holders. Existing equity holders have also invested an additional $36 million bringing the total of new equity raised to $525 million. Funds managed by GSO Capital Partners LP ("GSO") together with Quantum are now controlling members. "This new equity provides significant liquidity for the company to continue to grow through strategic acquisitions in the Anadarko and Permian Basins while executing on our active drilling program in the Anadarko Basin," said George Solich, President and CEO of FourPoint.
"Pro forma with the closing of this new equity and existing debt capacity, FourPoint has in excess of $900 million in liquidity for future growth," remarked...
ADDvantage Technologies Announces Financial Results for the Fiscal Fourth Quarter of 2017
14 12 2017
BROKEN ARROW, Oklahoma, Dec. 14, 2017 -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY), today announced its financial results for the fourth quarter and fiscal year ended September 30, 2017. The twelve month period includes the financial results for the Company’s asset acquisition of Triton Miami, Inc. (“Triton Datacom”) from October 14, 2016 to September 30, 2017.“We reported strong top line revenue growth in both the fourth quarter and full fiscal year, driven by the acquisition of Triton Datacom’s assets which expanded our Telco offering into the desktop phone segment and broadened our customer reach,” commented David Humphrey, President and CEO of ADDvantage Technologies. “We see significant room for further growth in our Telco segment, specifically at Nave Communications, which reported a disappointing sales performance in fiscal 2017. We have identified the challenges faced by Nave and are directing resources into improving its sales infrastructure to allow it to...
LINN Energy Provides Strategic Update
14 12 2017
HOUSTON, Dec. 14, 2017 -- LINN Energy, Inc. (OTCQB:LNGG) (“LINN” or the “Company”) announces the following strategic updates:Intends to commence a tender offer to purchase at least $250 million of its stock at a premium to the current market price prior to year-end 2017Plans to separate LINN into three standalone companies by mid-2018Provides an operational update on Roan Resources LLC (“Roan”), a Merge/SCOOP/STACK pure play companyProposed Tender OfferPrior to year-end 2017, the Company intends to commence a tender offer to purchase for cash at least $250 million of shares of its common stock at a premium to the current market price. LINN intends to use a portion of the available cash from the recently completed sales of its Williston and Washakie properties for a combined contract price of $485 million to finance the tender offer. Pro forma for the tender, the Company expects to have a positive cash balance to maintain operational flexibility. This tender offer...
Mesothelioma Victims Center Now Urges a Diagnosed Navy Veteran to Call for Direct Access to The Nation's Top Compensation Lawyers if their Asbestos Exposure Occurred at A Shipyard
14 12 2017
NEW YORK, NY, December 14, 2017 -- The Mesothelioma Victims Center is passionate about being a top branded advocate for US Navy Veterans with mesothelioma. The group's number one priority is seeing to it that people like this receive the best possible financial compensation settlement. The group is especially focused on assisting US Navy Veterans who have mesothelioma if they were assigned to a ship at a shipyard where their exposure to asbestos would have probably been extreme.A US Navy Veteran who has recently received news of a mesothelioma diagnosis is urged to contact the Mesothelioma Victims Center anytime at 800-714-0303 for their unsurpassed free services. One of these services includes on-the-spot access to some of the nation's most experienced mesothelioma attorneys who work their tails off to make certain their client receives the very best possible financial compensation. At the same time, the group would like to steer a US Navy Veteran or their...
Conn's, Inc. Announces Pricing of Securitization Transaction
14 12 2017
Highest Advance Rate and Lowest Cost of Funds since Re-entering the ABS Market in 2015Consecutive Concurrent Issuance of Class A, B and C Notes Reflects Strong Investor DemandTHE WOODLANDS, Texas, Dec. 13, 2017 -- Conn’s, Inc. (NASDAQ:CONN) today announced that it has entered into an agreement to securitize an aggregate of $669.3 million of consumer receivables, with closing expected on or about December 20, 2017.The offering includes three classes of fixed rate notes: (i) $361.4 million aggregate principal amount of the Class A asset backed notes are expected to be rated BBB by Fitch (Fitch Ratings, Inc.) and BBB- by Kroll (Kroll Bond Rating Agency, Inc.), (ii) $132.2 million aggregate principal amount of the Class B asset backed notes are expected to be rated BB by Fitch and BB- by Kroll, and (iii) $78.6 million aggregate principal amount of the Class C asset backed fixed rate notes are expected to be rated B- by both Fitch and Kroll.The face amount of the Class A, Class B, and Class...
CenterPoint Energy increases quarterly dividend 4 percent to 27.75 cents per share
13 12 2017
HOUSTON, Dec. 13, 2017 -- CenterPoint Energy, Inc. (NYSE: CNP) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.2775 per share of common stock, payable on March 8, 2018, to shareholders of record at the close of business on February 15, 2018. This represents approximately a 4 percent increase from the previous quarterly dividend of $0.2675, and if annualized, would equate to $1.11 per share.
"I am pleased that for the thirteenth consecutive year, CenterPoint Energy is raising its dividend," said Scott M. Prochazka, president and chief executive officer of CenterPoint Energy. "This increase demonstrates a strong commitment to our shareholders and the confidence the board of directors has in our ability to deliver sustainable earnings and cash flow."
CenterPoint Energy will begin utilizing a standardized payment schedule for future dividends with dividends payable on the second Thursday of March, June, September and December to shareholders...
The World's Foremost Mobile Talent Competition, Megastar to Crown Winner and Award $1 Million
13 12 2017
OAKLAND, Calif., Dec. 13, 2017 -- This Friday, the world's foremost Mobile Talent Competition, Megastar will announce its winner and award the grand prize of $1 million, the right to audition for a role in a digital film produced by Digital Riot Media/John Baldecchi and several other prizes. The winner is chosen by fans and celebrity judges, including eight-time Grammy award-winning superstar Usher and the world's foremost BASE jumper, wingsuit pilot Jeb Corliss, who follow the competition and vote in the app. The runner-up will receive $25,000, while third place receives $20,000, fourth receives $15,000 and fifth receives $10,000.
Link to Video of Top 5 Contestants HERE.
Megastar has narrowed down the competition to the Top 5 contestants. Corliss will reveal the 4th and 5th place contestants at this week's finale, while also providing mentoring for the contestants.
"I have been incredibly impressed by all of the Megastar talent submissions and it has been...
Eastern Shore Natural Gas Company Files Uncontested Rate Case Settlement Agreement
13 12 2017
DOVER, Del., Dec. 13, 2017 -- Chesapeake Utilities Corporation (NYSE: CPK) today announced that Eastern Shore Natural Gas Company (ESNG), its interstate natural gas transmission subsidiary, filed with the Federal Energy Regulatory Commission (Commission) an uncontested settlement agreement associated with its current rate case proceeding.
As a result of the settlement agreement, which is now subject to Commission review and action, ESNG will record an increase in base rates of approximately $9.8 million.
Under the terms of the settlement agreement, ESNG will recover the costs of its System Reliability Project (placed into service in 2017), along with the cost of investments and expenses associated with various expansion, reliability and safety initiatives.
About Chesapeake Utilities Corporation Chesapeake Utilities Corporation is a diversified energy company engaged in natural gas distribution, transmission, gathering and processing, and marketing; electricity generation and distribution;...
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