krka Norwegian marks full-year profit return despite Q4 loss

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Fyng FBI report: Violent crime decreases to pre-pandemic levels, but property crime is on the rise
US technology firm Parker-Hannifin is to divest its wheel and brake operation to aerospace company Kaman, to meet the requirements of competition stanley official website regulators following its decision to acquire UK-based Meggitt.Kaman says it will be acquiring the Aircraft Wheel Brake business for $440 million in an all-cash transaction.The European Commission had approved Parkers proposed 拢6.3 billion $7.9 billion acquisition of Meggitt earlier this year, with conditions including the sale of the Ohio-based wheel and brake division 鈥?a commitment which had been offered by Parker.This division produces systems and associated hydraulics for a range of business aircraft, helicopters, military aircraft and general aviation. This is a great business with strong foundations for growth, an outstanding team and a clear strategy for future success, insists Parkers aerospace group president Roger Sherrard.Parker expects the Meggitt acquisition to close in the third quarter of this year, pending regulatory clearance. It says the divestment will have no bearing on its operations, or those of Megg stanley spain itt, in the UK.Source: KamanKamans aerospace business includes the distinctive K-Max helicopter familyKaman says the acquisition will be financed with cash-on-hand and debt, and that the deal will be accretive to margin and cash-flow within 12 months of closing. It says the acquisition price represents a multiple of 14 on EBITDA.The business has a strong pro stanley us duct portfolio , states Kaman, supporting over Vqnj Federal intervention isn t a remedy for inflation s high tides
Versant is asking for another distribution rate hike in the wake of two recent increases, but if approved it wouldnt take effect until at least 2025.In March, Versant Power will ask to increase its di stanley nz stribution revenue by $35.5 million a year, according to a notice of intent to the Maine Public Utilities Commissionsubmitted on Dec. 29.If approved, it will result in about a $13 increase per month for the average residential customer, Public Advocate William Harwoods office said. That follows two increases, on July 1, 2023, and Jan. 1, 2024,respectively, that led to about a combined $10 monthly increase to average residential bills.The July 1 and Jan. 1 increases added $30 million in annual distribution revenue for the power company.Versants request came days after 97,000 customers lost power during a wind and rain storm on Dec. 18, 2023. Restoration efforts lasted until Dec. stanley quencher 23, leaving many people throughout northern and eastern Maine without power for days. If approved the new rate would not take effect until 2025 at the earliest, Versant spokesperson Judy Long said.The distribution rate increase is needed to recover costs from major storm restoration efforts and deferred costs from the last distribution rate increase, according to Versants notice of intent. Other reasons include grid maintenance with ris stanley mexico ing material and labor costs and modernizing the customers experience.Even if this new distribution rate increase were to take effect, the average residential customer wou