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Americans will be splashing around this summer in the backyard pools they've already got, but not splashing out as much on new ones. Swimming pool installations were part of the home improvement frenzy that swept the country during the pandemic as Americans were stuck at home. Pool Corp., a national pool equipment distributor with a roughly $11 billion market valuation, said last week it expects new pool construction to fall by 15% to 20% this year. But businesses that rely on Americans' appetite for home upgrades are still adjusting to leaner times — including pool builders. In Arizona, Ast said, "the lines get blurred a little bit between luxury and need in the middle of the desert."
Persons: Skip Ast, wasn't, Scott Payne, Payne Organizations: Pool Corp, Shasta, Airlines, Analytics, Ast, Corp Locations: Phoenix, Hatfield , Pennsylvania, Shasta, Arizona
UBS says this high-risk space stock could rally 50%
  + stars: | 2024-06-10 | by ( Pia Singh | ) www.cnbc.com   time to read: +2 min
Texas-based satellite manufacturer AST SpaceMobile is a risky — but worthwhile — investment, according to UBS. Analyst Christopher Schoell increased his price target for the stock by $6 to $13, implying a whopping 50.8% potential upside as of Friday's close. The shares have climbed nearly 44% so far this year, and skyrocketed about 284% over the past month. "We still see ASTS as a high-risk, high-reward investment that is subject to various risks," Schoell said in a Monday note. Still, the stock has several risks that could create uncertainties for the company's path ahead, such as launch timing and the possibility of failures, regulatory issues, funding and competition.
Persons: Christopher Schoell, Schoell Organizations: UBS, AST, Verizon, Federal Communications, Vodafone, Google Locations: Texas
Satellite-to-phones service provider AST SpaceMobile announced a partnership with Verizon on Wednesday, adding to the company's recent deal with AT&T to provide remote coverage across the United States. AST SpaceMobile is building satellites to provide broadband service to unmodified smartphones, in the nascent "direct-to-device" communications market. The company's chairman and CEO, Abel Avellan, touted AST's agreements with Verizon and AT&T as "essentially eliminating dead zones and empowering remote areas of the country with space-based connectivity." Verizon's deal effectively includes a $100 million raise for AST, as well, in the form of $65 million in commercial service prepayments and $35 million in debt via convertible notes. The companies said that $45 million of the prepayments "are subject to certain conditions" such as needed regulatory approvals and signing of a definitive commercial agreement.
Persons: Abel Avellan, Kalapala Organizations: AST, Verizon, AT Locations: United States
Hurricane Fiona to bring flooding to eastern Dominican Republic
  + stars: | 2022-09-19 | by ( ) www.reuters.com   time to read: +1 min
Workers cut tree branches in preparation for Hurricane Fiona, in Santo Domingo, Dominican Republic, September 18, 2022. REUTERS/Ricardo RojasRegister now for FREE unlimited access to Reuters.com RegisterSept 19 (Reuters) - Hurricane Fiona was expected to bring life-threatening flash and urban flooding to parts of the Dominican Republic after making landfall near Boca de Yuma at 3:30 a.m. AST, the U.S. National Hurricane Center (NHC) said on Monday. The center of Fiona was now about 35 miles (55 km) southeast of Samana, Dominican Republic, and packing sustained winds of 90 miles per hour (150 km per hour), it added. The hurricane left most of Puerto Rico without power on Sunday, causing catastrophic flooding with mudslides and landslides, while aid agencies in the Dominican Republic began evacuating residents from high-risk areas in the east on Sunday night. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Deep Vakil in Bengaluru; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
Asta după ce săptămâna trecută, șeful AST, Radu Vasile și-a dat demisia la doar 4 luni după ce a câștigat concursul. Radu Vasile, cel care a câștigat concursul în iulie 2020, și-a dat demisia săptămâna trecută din funcție. Atunci, Sajin a fost unul din cei 11 pretendenți la funcție, însă nu a promovat concursul. Din 1997 și până în 2014 a fost director la SRL “Arbitru”, iar din 2010, concomitent, și director la Finpar Invest SRL, după ce, în perioad 2009-2010 a fost director adjunct al acestui SRL. Totodată, între 2008-2010, Sajin a fost director la ICS “Drive” SRL.
Persons: Vladimir Plahotniuc, Ghenadie Sajin, Sajin, Radu Vasile, Ghenadie, Ion, Curmei, Valeriu, Pleșca, Paciu, . Organizations: PD, Agenția, Supraveghere, Ministerului Economiei, PDM, Finpar Invest, Universitatea Tehnică din, Universitatea, Studii Locations: Ghenadie Sajin, Moldova, Republica Moldova, . Edineț, Finpar, . Lopatnic, Edineț, Bălţi, Universitatea Tehnică din Moldova
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