2012 Cervelo P5 Mini Site Goes Live, Adds to Speculation

first_imgThe official mini-site for the 2012 Cervelo P5 triathlon bike has just gone live with a whole lotta nothing.Well, maybe a little something…it does strictly say “Triathlon Bike” as opposed to time trial, so we’re betting it leaves the UCI’s 3:1 rule in the transition bag and goes for broke with the aerodynamics.Re-reading the original teaser, there’s mention of  “a new braking system”, which has us wondering if they’ll be putting some hydraulic brakes on their given the anticipated move on their team road bikes with Magura. It would be a much easier upgrade on a tri bike given that the shifters are usually placed on the aero bar ends. Hmmm….The official debut is Wednesday, January 18, and our man Jason is headed overseas tomorrow to cover the full launch. As soon as we’re allowed to post it, look for a full tech rundown and a few choice quotes. Until then, it looks like Cervelo will be posting a few more too-close-to-be-useful images on the 16th and 17th. Head over to P5simplyfaster.com to see for yourself.last_img read more

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Ledyard reports record earnings for third consecutive year

first_img4,061,338 $ 3.85 Common Stock Outstanding 4,756,526 3.98 13,256,991 Non-interest Income (Unaudited) 0.48 886,229 Third consecutive year of record earnings As of12/31/2015 42,889,490 154,821,762 25,590,462 Earnings Per Common Share, diluted $3,443,417 As of12/31/2016 Earnings Per Common Share, basic $ 2,467,494 3,186,278 987,221 1,122,912 18,400,229 Provision for Loan Losses 44,048,423 Net Interest Income $ 1.92 257,140 $ 0.87 Source: HANOVER, N.H.–(BUSINESS WIRE(link is external))– Ledyard Financial Group, Inc 2.21.2017 $5,699,651 3,422,586 Ledyard Financial Group, Inc. Non-performing Assets as a % of Total Assets Non-interest Expense 0 284,231 0 Stockholder’s Equity 12/31/2016 1,047,787 Total Assets $2,670,897 Net Income 10,278,888 27,414,676 FHLB Advances & Other Borrowings Total Risk Based Capital Ratio Total Interest Expense 0.95 401,899,842 12/31/2015 $3,706,817 Total Deposits Total Interest Income 3.87 Tangible Book Value per Share 10,077,883 $ 3.96 Ledyard Financial Advisors revenue exceeded $8 million for the third consecutive year 0 $445,009,796 2,544,132 For the Twelve Months Ended Ledyard National Bank,Vermont Business Magazine Ledyard Financial Group, Inc (ticker symbol LFGP), the holding company for Ledyard National Bank with a presence in Vermont, has reported record earnings for 2016 of $4,128,419, a 2% improvement over 2015. Net income for the quarter ended December 31, 2016, was $987,221 or $0.95 per share compared to $886,229 or $0.87 per share for the same period in 2015, an increase of $110,992 or 11%. This increase was primarily due to the improving environment for our two primary businesses, banking and wealth management. Net income for the twelve months ended December 31, 2016 was $4,128,419 or $3.98 per share compared to $4,061,338 or $3.96 per share for the same period in 2015, an increase of $68,025 or 2%.Additional highlights for the year include: 4,525,263 $ 0.48 $42.81 Investments 0 13.40% 2,425,691 289,166,831 894,453 14.58% 4,128,419 28,364 $ 0.84 Loans Receivable, net $14,379,903 373,070,889 Selected Financial Highlights Treasury Shares Total revenue increased to $23.5 million, also a new record 17,731,105 1,028,780 $475,052,410 $1.92 For the Three Months Ended Allowance for Loan Losses Dividends Per Common Share 12/31/2016 12/31/2015 2.06% 0.92 Non-performing Assets 0.56% 12,827,091 143,306,148 The Company achieved ROA of 0.89% and ROE of 9.10% for the yearTotal revenue for the quarter ended December 31, 2016, was $5,966,718 compared to $5,611,969 for the same period in 2015, for an increase of $354,749 or 6%. Total revenue for the twelve months ended December 31, 2016, was $23,535,879 compared to $22,904,974 for the same period in 2015, an increase of $630,905 or 3%. Net interest income for the quarter ended December 31, 2016, was $3,422,586 compared to $3,186,278 for the same period in 2015, for an increase of $236,308 or 7%. Net interest income for the twelve months ended December 31, 2016, was $13,256,991 compared to $12,827,091 for the same period in 2015, for an increase of $429,900 or 3%.No funds were added to the Allowance during 2016 or during 2015. Net charge-offs for the twelve months ended December 31, 2016, were $6,588, compared to $37,335 for the comparable period in 2015. The total Allowance was $5.7 million at December 31, 2016, and 2015. Total non-performing assets were $2.67 million at December 31, 2016, compared to $2.47 million for the same period in 2015.Ledyard Financial Advisors, a division of Ledyard National Bank, reported revenue for the quarter ended December 31, 2016, of $2,103,396 compared to $2,054,714 for the same period in 2015, an increase of $48,682 or 2%. Revenue for the twelve months ended December 31, 2016, was $8,314,869 compared to $8,437,281, for the same period in 2015, for a decrease of $122,413 or 1%. Assets under management and custody at Ledyard Financial Advisors totaled approximately $1.157 billion as of December 31, 2016, an increase of approximately $87 million over the prior year.Non-interest expense for the quarter ended December 31, 2016, was $4,756,526 compared to $4,525,263 for the same period in 2015, an increase of $231,263 or 5%. Non-interest expense for the twelve months ended December 31, 2016, was $18,400,229 compared to $17,731,105 for the same period in 2015, for an increase of $669,124 or 4%.At December 31, 2016, the Company’s shareholders’ equity stood at $42.9 million, compared to $44 million for the same period in 2015. All of the Company’s capital ratios are well in excess of the amount required by the Federal Reserve for a bank holding company to be considered “well capitalized.” At December 31, 2016, the Company’s book value per share stood at $40.93 compared to $42.81 for the same period in 2015.Loans, net of the allowance for loan losses at December 31, 2016, were $289.2 million, compared to $270.9 million for the same period last year, for an increase of $18.2 million. Total deposits at December 31, 2016 were $401.9 million, an increase of $28.8 million from the same period last year. Total assets of the Company were $475.1 million at December 31, 2016, an increase of $30 million over the prior year.On January 27, 2017, the Company announced a regular quarterly dividend of $0.48 per share to be paid on March 3, 2017 to shareholders of record as of February 10, 2017.During the fourth quarter of 2016 the Company had an unprecedented investment opportunity and embarked upon a strategic geographic expansion into Concord, New Hampshire by hiring four experienced wealth management professionals with deep knowledge of the greater Concord area. In the coming year, the Company expects to strategically introduce additional banking products and services to the Concord market complementing the services just launched.Ledyard Financial Group, Inc., headquartered in Hanover, New Hampshire, is the holding company for Ledyard National Bank. Ledyard National Bank, founded in 1991, is a full service community bank offering a broad range of banking, investment, tax and wealth management services in the Dartmouth-Lake Sunapee Region. Ledyard National Bank has eight offices with locations in Hanover, Lebanon, Lyme, New London, and West Lebanon, New Hampshire and in Norwich, Vermont. Stock activity information can be found in the “Investor Relations” section of our website, which includes a wealth of other information that Ledyard shareholders and prospective shareholders may find of interest.Ledyard Financial Group, Inc. shares can be bought and sold through the NASD sanctioned “OTC Markets” under the trading symbol LFGP. Shares may be traded through an individual’s broker. For more information, please refer to the “Investor Relations” section of the bank’s website at www.ledyardbank.com(link is external) or contact the Company’s Chief Financial Officer, Gregory D. Steverson. 270,967,025 0.56% Allowance as a % of Total Loans 45,770 $13,721,545 1.93% $5,706,238 $40.93last_img read more

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Phoenix entry-level homes see appreciation

first_imgGood news for folks owning homes priced below $250,000 as they appreciated the most in 2015 between 6 and 12 percent, according to the W.P. Carey School of Business at Arizona State University’s most recent housing report.Homes priced in the next tier, $250,000 to $500,000 saw modest appreciation at 2 to 6 percent while homes priced from $500,000 to $2 million appreciated only slightly, according to the report.“Demand at the higher end of the luxury market is the softest we’ve seen in a long time,” said Michael Orr, director of the Center for Real Estate Theory and Practice and author of the report. “I expect this weakness will continue as long as we experience uncertainty in the financial markets worldwide.”Boomerang buyers, prospective home-buyers who are able to re-enter the market after the Great Recession, and Millennials who are looking to enter the housing market for the first time coupled with a week supply helped drive the appreciation of homes under $250,000, Orr said in the report.Many homes in that price range are still being rented out. Few are being released into the market, which could lead to further appreciation in the new year, according to the report.There is a healthier amount of supply and demand for homes priced $250,000 to $500,000, with many new homes built in that price range, which helps to moderate upward pricing pressure. It will likely continue in 2016, Orr said in the report.“The rate of appreciation in the move-up market was far greater than inflation in 2015, but this is not too difficult to achieve given the unusually low level of inflation,” Orr said. “With most commodity prices still falling hard, the odds are strong that mid-range home prices will easily beat inflation once again in 2016.”Additional highlights from the November 2015 report:New single-family permits for Maricopa and Pinal counties will fall between 16,500 and 17,000 for 2015.Canadian demand has dropped dramatically from 1.6 percent to 0.6 percent over the last 12 months.The percentage of residences in Maricopa County sold to owners from outside Arizona was 15.3 percent in November, up from 14.2 percent in October but below the 16.6 percent in November 2014. Buyers are coming primarily from California (4.5 percent), Colorado and Illinois (0.9 percent) as well as Washington (0.8 percent) and Minnesota (0.6 percent).Non-distressed transactions for single-family homes were up 15 percent from one year earlier with investor flips up 39 percent. New home sales were up sharply by 34 percent, distressed transactions fell 19 percent, and reversions to lenders declined by 36 percent compared with figures for November 2014.Single-family home prices moved a little higher in November, particularly for distressed homes. The prices of new homes appear to have declined, but not in terms of average price per square foot. Instead, the average new home got smaller and so its average price declined.Pricing in the townhouse/condo sector moved higher to a greater degree than single-family homes over the past 12 months. Distressed re-sale condos properties have been particularly strong in price, reflecting the low supply at price points below $200,000.Active listing counts (excluding homes under contract) rose less than 1 percent during November but as of December 1, 2015 we still had 13 percent fewer active listings than on December 1, 2014. This shortfall was all at the affordable end of the market and at the higher end we have more supply than last year. Distressed supply was down 39 percent from a year earlier and 6 percent lower than last month.Foreclosure starts on single family and condo homes fell 7 percent between October and November, but were up 8 percent from the unusual low we saw in November 2014. Completed foreclosures on single family and condo homes were down 20 percent from the prior month and down 21 percent from a year earlier.last_img read more

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NEWS SCAN: Reduced-dose polio vaccine, pertussis vaccine ‘cocooning’ strategy

first_img Using reduced dose of inactivated polio vaccine looks promising in infantsVaccinating infants with a reduced dose of inactivated polio vaccine (IPV) induces a priming response and seroconversion, suggesting that this approach could play a role in preventing a return of polio after its global elimination, according to a report today in the New England Journal of Medicine. The article notes that the World Health Organization has a goal of phasing out oral polio vaccines (OPVs) after eradication of wild polioviruses, since OPVs use live attenuated viruses that in rare cases can turn virulent and spread. Posteradication plans include using IPVs, which are injected and cost much more than OPVs. One strategy for lowering the cost of IPV in developing countries is to reduce the size and number of doses. The authors conducted a trial in which 320 Cuban infants were randomly assigned to receive a fractional intradermal dose or a full intramuscular dose of IPV at the ages of 4 and 8 months. After the first dose, seroconversion rates for all three poliovirus types were significantly lower in the fractional-dose group than in the full-dose group. A priming response was defined as the absence of seroconversion after the first dose and a fourfold increase in antibody titer between the time of the second dose and 1 week later. After the second dose, cumulative two-dose seroconversion for virus types 1, 2, and 3 occurred in 93.6%, 98.1%, and 93.0% of the fractional dose recipients, versus 100%, 100%, and 99.4% in the full-dose group. The authors say the findings show that using a single fractional dose of IPV is a “feasible, lower-cost alternative to schedules in which multiple full doses are used.”Jan 31 N Engl J Med report Study finds ‘cocooning’ strategy inefficient where pertussis levels are low”Cocooning” vaccination strategies—in which parents are vaccinated to protect their infants—are inefficient for reducing infant pertussis hospitalizations in areas where the overall incidence of the disease is low, according to new findings from Italian researchers. They estimated the costs and benefits of the strategy in the Piemonte, Italy, region, where incidence dropped to a low of .85 cases per 100,000 population in 2010. Researchers assessed the number needed to vaccinate (NNV) to prevent hospital admission in infants during the most recent epidemic cycle from 2005 to 2010. They found that the NNV was 5,000 to prevent one infant hospitalization. They wrote that their data confirm recent findings from two Canadian provinces that had low pertussis rates in 2010. Cocooning vaccination programs should take into account the epidemiologic pattern of the disease in the region where officials are considering the strategy, they wrote. For example, in the United States, which is experiencing a spike in cases, the national incidence is much higher, at 11.6 per 100,000 persons, according to late November numbers from the Centers for Disease Control and Prevention (CDC) that indicate pertussis cases at their highest since 1955. Infants are at greatest risk for getting pertussis, but they can’t get their first dose until they are 2 months old. Health officials recommend protecting babies by vaccinating pregnant women, preferably in their third trimester, and vaccinating infants’ household contacts.Jan 29 Vaccine abstractCDC pertussis vaccine outbreak page Jan 30, 2013last_img read more

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Software . technology: hit ‘enter’ for carbon footprint

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Mayor-Elect Warren Is Youngest Yet

first_imgJesse Warren’s smile was beaming ear to ear as friends, loved ones, and campaign members surrounded him after the Southampton Village election results were announced on Friday night, June 21. The 36-year-old beat out incumbent Michael Irving 450-405 to become the youngest mayor in village history.“We had every party, every group, every age group come out to vote,” said Warren, who’s owned Tenet on Main Street since 2010, and is a member of the village Planning Commission. “Even Southampton High School students came out to vote today. We reached out to every single person in the community, we canvased every single street, and we tried to connect with everyone. This campaign was about being open to everybody and representing everybody, and that’s exactly what I want to do.”There will also be a slew of fresh new faces on the village board. Seeking their first two-year trustee terms were Mark Parash, Andrew Pilaro, and Joseph McLoughlin, looking to fill the shoes of longtime board members Nancy McGann and Bill Hattrick who had opted not to run again. Parash, a lifelong resident and owner of Sip ’n’ Soda luncheonette, won over voters with 643 backers, while Pilaro, the president of CAP Properties Limited, a family-operated investment firm, edged out McLoughlin 443-433 for the second seat. McLoughlin, also a lifelong resident, and the youngest of the group to run, at 29 years old, is also a member of the Planning Commission.Irving, who had served as mayor the last two years, and was a trustee for over 10 years prior, said he can’t argue with what the people want.“In any election, it’s the people of the community that are speaking, and they feel he can do a better job,” the incumbent said. “It’s been a lot of work — a tremendous amount of work — but it’s been an absolute honor to serve the village.”He laughed when saying he’s looking forward to taking a break, adding the best part is he can now go to the grocery store without getting stopped in every aisle. Irving said he does not plan to seek office in the future. For Warren though, it’s right to work. “There’s a lot that needs to get done,” Warren said. “I feel extremely honored to be elected and honored to have the opportunity to serve every single resident and every single stakeholder and person in this village. I could not be happier. I’m looking forward to getting to work, working hard, and bringing forward some of the needed change to Southampton Village; working with everybody and being extremely inclusive to get that done.”desiree@indyeastend.com Jesse Warren is congratulated by family, friends, and campaign members following the announcement of his 450-405 win over incumbent Michael Irving for Southampton Village mayor. Joe McLoughlin in 2019center_img Sharelast_img read more

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Joint venture set up to supply Sharp’s Sakai plant

first_imgGet instant access to must-read content today!To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.Don’t just stay connected, stay at the forefront – join gasworld and become a subscriber to access all of our must-read content online from just $270. Subscribelast_img

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New image for Maximus Air as it seeks to expand activities

first_imgIt is now a significant regional air cargo carrier and cargo aircraft ACMI lease operator, employing more than 200 staff and operating a fleet of eight all-cargo aircraft comprising an Antonov An-124-100, Airbus A300-600RP2Fs andIlyushin IL-76TD across the Middle East, Europe, Africa and Asia.After six years of operation as Maximus Air Cargo, Fathi Hilal Buhazza, president and CEO, said: “Having grown from a local operator to a regional operator with some international trade, we are now ready to turn that business model on its head.”Buhazza adds that Maximus Air is looking to add seven new aircraft to the fleet by 2015, bringing the number to 15.”At present 50 per cent of our business comes from within the UAE and 50 per cent from outside the country. We want the mix to be 80/20 in favour of international markets and so we are looking to the fast growing regions of the Mahgreb, Africa, Asia and South America,” he said.last_img read more

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Help Child Welfare find these parents

first_imgCape Town Child Welfare Society in Athlone is looking for the following people in connection with their children:Anoesjka Esbie, who was last known to be living within the Bellville area; Kim Karen Jackson, who is the biological mother of a child born on November 17 2014, and who was last known to be in Manenberg and in the CBD; Vera Brand, the biological mother of a child born on December 23, 1999; Nigel Highburg, the biological father of a child born on June 21 2001, who was last known to live in Kraaifontein.If you have any information regarding the whereabouts of these people, call Ms K Cable at 021 638 3127, weekdays between 8am and 4.30pm.Cape Town Child Welfare Society also needs the public’s help to trace the biological fathers of the following children:John van Niekerk who is the biological father of Abigail van Niekerk’s two children. Ms Van Niekerk, who was from Ottery, is deceased.The organisation also needs help locating a Somalian man, known as “Doc” or Amaadie Ahmed, who fathered a child with Chivonne Adams from Kewtown. His last known whereabouts were in Vygieskraal Vlei.Cape Town Child Welfare Society is also looking for a man, who fathered a child with Verona Anthea February from Manenberg. His last known whereabouts are unknown.Cape Town Child Welfare Society is looking for a man, who fathered a child with Janice Ryan from Manenberg. His last known whereabouts were in Manenberg.Other people the society wants to trace include a man, who fathered a child with Veronique Adorina Groeneweld from Manenberg, and Leonita Jansen, the biological mother of a child born on February 14, 2005. She was last known to live in Ottery but her whereabouts are currently unknown. If anybody has information regarding these people, call Mondays to Fridays between 8am and 4.30pm at 021 638 3127.last_img read more

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Passenger service reinstated

first_imgURUGUAY: Regular passenger services from Montevideo to Pando and Sudriers were reinstated on October 1, having been withdraw in May 2012.The service initially runs once a day, towards Montevideo in the morning and retuning in the evening. A second round trip is to be added in November, and a third by the end of the year. The revival of the service has included the construction of new platforms at Suarez and Pando to match the former Swedish Y1 railcars which are used. Read about the renovation of Uruguay’s rail network in the November 2016 issue of Railway Gazette International magazine, which is available to subscribers in the digital archive.last_img read more

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