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Stock Market Symbols GIB (NYSE) GIB.A ( TSX ) cgi.com/newsroom Merger strengthens CGI's position with Fortune 500 clients in St. Louis , Atlanta , Minneapolis , Chicago , Columbus , Dallas and New York ST. LOUIS, Mo. , Dec. 11, 2024 /PRNewswire/ - CGI (NYSE: GIB) (TSX: GIB.A) today announced the signature of an equity purchase agreement to merge operations with Daugherty, a St. Louis -based professional services firm specializing in artificial intelligence, data analytics, strategic IT consulting, and business advisory services for Fortune 500 clients in the financial services, healthcare, communications, retail and manufacturing sectors. The merger of operations brings more than 1,100 talented consultants to CGI, further strengthening the company's presence in multiple key U.S. growth markets, including St. Louis , Atlanta , Minneapolis , Chicago , Columbus , Dallas and New York . The parties entered into a purchase agreement on November 29, 2024 , and the transaction is expected to close in December 2024 , subject to regulatory approval and other customary closing conditions. For 39 years, Daugherty has been committed to driving innovation, growth and customer satisfaction while making a positive difference in the community. For CGI, the merger with Daugherty establishes significant combined geographic presence in targeted U.S. markets, deepens industry expertise and enhances strategic advisory services with offerings around digital engagement, technology modernization, cloud transformation, and FinOps and sustainability. The merger with CGI enables Daugherty clients to retain local relationships and expertise while gaining access to CGI's global capabilities, network of delivery centers, and breadth of end-to-end services and solutions. Daugherty has consistently been named as the Largest IT Consulting Firm by the St. Louis Business Journal along with several top workplace recognitions across its metro markets and a 'top five in the nation' distinction in 2024 for the Top Workplaces USA . "At the heart of our strategic vision is a dual commitment: to our clients and our teammates," said Ron Daugherty , Daugherty President and CEO. "We're forging a path with CGI that expands global capabilities, creates meaningful professional opportunities, and amplifies our collective potential to drive innovation and positive change in our communities." Giving back to the communities in which CGI and Daugherty live and work is also a shared commitment, as evidenced by CGI's commitment to support of The Daugherty Foundation which will provide access to education, mentorship and career opportunities for young people and underrepresented groups in technology. "The combined strength of Daugherty and CGI creates additional value for clients through deep industry insight and technology expertise, with a strong commitment and proven history of delivering trusted business outcomes," said Vijay Srinivasan , CGI President of U.S. Commercial and State Government operations. "CGI and Daugherty are a great cultural fit as both companies share a strong commitment to their people and communities, a dedication to management fundamentals and a passion for excellence in execution for clients." In the U.S., CGI has operations across 80 offices which are organized through a metro market proximity model and supported by the depth of the company's international presence, range of services, and insights to deliver value locally. About CGI Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 90,250 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI Fiscal 2024 reported revenue is $14.68 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com . View original content: https://www.prnewswire.com/news-releases/cgi-expands-operations-in-multiple-us-metro-markets-with-daugherty-302329421.html SOURCE CGI Inc.
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The Canada Post strike has entered its second week, with no resolution in sight yet. Though a federal mediator is attempting to broker a settlement between the Crown corporation and the Canadian Union of Postal Workers, reports suggest the parties remain far apart . The strike began on Nov. 15 after Canada Post workers failed to reach an agreement with their employer. The union is seeking wage increases, secure pensions and safe working conditions, but the strike is about much more than just the pay and benefits of postal workers. Rather, the issue animating this dispute is the growth of gig work and other forms of precarious labour across the private delivery sector, and consequently, the sustainability of Canada Post in the face of this low-cost competition. The strike raises important questions about how Canada should respond to the growth of the gig economy, at Canada Post and across the broader economy. Financial challenges at Canada Post Canada Post is experiencing considerable financial strain. The crown corporation has registered losses of roughly $3 billion since 2018 . It lost $748 million in 2023 and reported an additional $315 million drop in the most recent quarter. However, management and the union disagree about the causes of Canada Post’s financial woes, as well as how to resolve them. In the company’s 2023 annual report, Canada Post president and CEO Doug Ettinger called for “greater flexibility in how we deliver, how and when the service is provided, and how we cover the cost of providing the service.” Describing its current business model as “unsustainable,” the company is seeking to reduce labour costs by introducing more part-time and temporary jobs to allow delivery services on weekends. In contrast, the Canadian Union of Postal Workers has pointed to Canada Post’s past investment decisions as a source of current financial strain. The union argues the company over-invested in response to a surge in parcel delivery demand, leaving it incapable of sustaining business relationships with key customers, such as Amazon. The postal worker union is opposed to what it calls the “ gigification” of work at Canada Post. Instead, the union proposes expanding Canada Post’s mandate to include additional services and open new revenue streams, such as postal banking . What the company and union do seem to agree on is the pressure low-cost delivery competitors are exerting on Canada Post . When it comes to resolving this issue, however, there is little agreement. Low-cost competition and gig work With demand for its mail services falling, parcel delivery now accounts for a larger portion of Canada Post’s business. But the latter sector is increasingly dominated by low-cost firms that engage workers through subcontracting and other forms of precarious employment. These firms have cut into the postal service’s market share. Large e-commerce firms, such as Amazon, do not employ their delivery drivers directly. Instead, they rely on an ecosystem of “delivery service partners” working solely with Amazon. Competition for contracts and strict price-setting rules compel these delivery firms to compete by keeping pay and other labour costs low. Many private delivery firms classify their workers as “ independent contractors ,” paying them by the delivery rather than by the hour and evading work regulations like overtime pay, and maximum daily and weekly work rules. While companies engaging gig workers can drive down their labour expenses, the costs are displaced onto society more broadly. Research from Canada and the United States suggests gig companies avoid paying millions of dollars in payroll taxes and workers’ compensation premiums. This not only deprives workers of protections, but also drains revenues from vital social benefit programs, such as unemployment insurance. Read more: Gig platform workers need better health and well-being protections Workers themselves also bear costs. Independent contractor workers are unable to unionize and collectively bargain . Instead of company vehicles, many contractors use their own, personally covering gas, maintenance and repair expenses. Health and safety regulations are virtually non-existent and compensation is limited for workers injured on the job. Delivery firms utilizing such work arrangements compete with Canada Post largely on the basis of low labour costs sustained by denying workers access to benefits and protections. Governments failed to regulate gig economy A recent study from Statistics Canada found that 871,000 people had a job consistent with characteristics of the gig economy, while another 1.5 million engaged in gig work of some type during the study’s reference period. These figures have grown steadily over the last several years. Labour scholars have long warned that allowing gig and platform work to expand would undermine labour standards and regulations . Left unchecked, poorly paid and precarious forms of work generate a race to the bottom. Because governments across the country have permitted various forms of poorly regulated gig work to spread , many unionized workers now find themselves in pitched battles with employers seeking concessions in the name of competition. Read more: Workers in the gig economy feel lonely and powerless The Canadian Union of Postal Workers itself is affiliated with Gig Workers United , a group seeking to organize gig workers and advocating for worker-friendly policy changes. Had governments responded to the gig economy by guaranteeing employment status to all workers, reforming labour laws to facilitate greater access to unionization and cracking down on employee misclassification, fewer union members would likely be facing pressure to lower their standards and expectations. By introducing only minimal reforms, as Ontario and British Columbia have done, governments set the stage for labour strife between union members trying to defend their relatively better pay and working conditions, and employers squeezed by unfair competition. Whether the Canadian Union of Postal Workers is able to win its demand and protect members’ past gains remains to be seen. But until governments address the proliferation of gig work through meaningful regulation, we are likely to see similar disputes.
India's antitrust body has turned down a request from Apple to put a hold on an investigation report which found the company breached competition laws, allowing the case to continue, an internal order from the regulator seen by Reuters showed. The Competition Commission of India (CCI) in August ordered a recall of investigation reports after Apple said the watchdog had disclosed commercial secrets to competitors in the case dating back to 2021, including Tinder-owner Match. These elements should have been redacted. The CCI had asked parties to return the reports and destroy any copies. The regulator then issued new reports. The CCI internal order showed that Apple in November alleged that the main complainant in the antitrust investigation - Indian non-profit Together We Fight Society (TWFS) - had not complied with the directives to give an assurance that the old investigation reports had been destroyed. Apple asked the CCI "to take action against TWFS for non-compliance with its order" and "to withhold the revised" report, the CCI order, dated Nov. 13, seen by Reuters showed. 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Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Apple did not respond to Reuters queries. The CCI did not respond outside regular business hours on Sunday. Calls to representatives of TWFS went unanswered. A CCI investigation had found that Apple exploited its dominant position in the market for app stores on its iOS operating system to the detriment of app developers, users and other payment processors. Apple has denied wrongdoing and said it is a small player in India where phones that use Google's Android system are dominant. The CCI internal order also showed that Apple has been asked to submit its audited financial statements for fiscal years 2021-22, 2022-23 and 2023-24 under regulatory guidelines aimed at determining possible monetary penalties in the case. The CCI's senior officials will review the investigation report and make a final ruling on the case.December 11, 2024 This article has been reviewed according to Science X's editorial process and policies . Editors have highlightedthe following attributes while ensuring the content's credibility: fact-checked peer-reviewed publication trusted source proofread by Complexity Science Hub Vienna Russia's Gazprom stopped supplying Austria's OMV last month, prompting a number of headlines. However, there was no major panic this time. It was a completely different story almost three years earlier: when Russian troops invaded Ukraine in February 2022, Europe was thrown off balance for various reasons. "One of them was dependence on Russian gas. Many countries, especially those like Austria, which purchased around 80% of its gas from Russia in 2021, had to take action quickly to reduce this dependence and ensure supply security," explains Anton Pichler from the Complexity Science Hub (CSH) and the Vienna University of Economics and Business. "We had to react—and in a highly dynamic environment." This was the basis for a study now published in the Journal of Economic Behavior & Organization and released as a policy brief in May 2022. In a hypothetical scenario where Russian gas imports to Europe were completely halted from June 1, 2022, the researchers quantified the effects of different measures. "That way, we won't have to start the discussion about the catastrophe, but with possible solutions already on hand," says CSH President Stefan Thurner. Five times less damage The researchers analyzed various measures to mitigate the potential economic impact, including alternative gas imports, gas storage , a switch to different fuels, and savings in heating and pipeline operations. Additionally, they modeled their impact on individual sectors as well as the economy overall. "As early as spring 2022, we were able to point out that a coordinated distribution of scarce gas supplies among the EU members could reduce production declines five times less than if Austria tried to secure additional gas individually," explains Thurner. "In fact, the first steps were taken at EU level in the following months, such as filling gas storage facilities, which was subsequently given a strong political push," adds Pichler. Coordinated EU action Full gas storage facilities are one of the most important levers for being prepared for a gas supply freeze in the short term, but a coordinated crisis response at the EU level is also crucial—as foreigners own about half of Austria's gas reserves. "Austria has well-filled storage facilities today, with nearly 50TWh of stored gas, i.e. two thirds of annual consumption in 2023, under Austrian ownership. Along with alternative supply routes, these gas storage facilities are one of the reasons why we are much better able to compensate for Gazprom's current gas supply freeze to OMV," says Pichler. In contrast, even a partial interruption of Russian natural gas supply in Austria in 2022 would have led to a loss of several hundred million euros per month in gross value added, according to the study. Austria: Still Russian gas Austria imported 82% of its gas from Russia in August 2024, while other European countries have long since reduced their imports from Russia. Only 8% of all EU gas imports come from Russia. Because other European countries are now significantly less dependent on Russian gas supplies, the expected economic consequences will be much smaller than in June 2022, according to the two researchers. "In our policy brief, we showed that alternative trading partners can play a key role in reducing damage. Now that our neighboring countries are hardly dependent on Russian gas, it is much easier to import non-Russian gas than it would have been two years ago," says Pichler. Discover the latest in science, tech, and space with over 100,000 subscribers who rely on Phys.org for daily insights. Sign up for our free newsletter and get updates on breakthroughs, innovations, and research that matter— daily or weekly . Mild to severe effects Based on the hypothetical scenario of a complete halt to Russian gas imports to Europe from June 1, 2022, the study shows that the potential economic consequences can range from relatively mild to extremely severe, depending on countermeasure implementation and success. The study suggests that securing alternative gas imports, managing storage, and providing incentives to switch to other fuels are the most important short-term policy levers. "The results seem almost obvious in retrospect. However, in spring 2022 there was great uncertainty about the potential economic consequences and our study quantified the effectiveness and feasibility of each individual measure," explains Pichler. In light of the critical situation, what have we learned? "Back then, we reacted to a crisis for which we were unprepared. It is possible for crises like this to occur in other important areas as well. It would be extremely important to conduct similar analyses for other critical sectors and technology areas in order to implement preventative countermeasures systematically," the researchers conclude. More information: Anton Pichler et al, Economic impacts of a drastic gas supply shock and short-term mitigation strategies, Journal of Economic Behavior & Organization (2024). DOI: 10.1016/j.jebo.2024.106750 Journal information: Journal of Economic Behaviour and Organisation Provided by Complexity Science Hub Vienna
Federal judiciary leaders have sharply criticized President Joe Biden ’s veto of the JUDGES Act , a bipartisan bill that sought to add 66 new federal judgeships to address mounting caseloads in courts across the United States. Biden fulfilled his promise to veto the bill Monday evening and has since drawn widespread rebuke from judges, lawmakers, and court watchers who stressed the urgent need for expanded judicial resources. U.S. District Judge Robert Conrad, director of the Administrative Office of the U.S. Courts, described the veto as “extremely disappointing” in a letter addressed to Biden on Dec. 16 that was released Tuesday. Conrad, an appointee of Republican former President George W. Bush, emphasized that Biden’s decision reflects a “regrettable failure” by the administration to support the judiciary and warned that it would exacerbate growing caseloads, further delaying justice for litigants. ALL 13 OF BIDEN'S PRESIDENTIAL VETOES “The president’s veto will contribute to the pattern of growing caseloads and increasing backlogs that hurt litigants and weaken public confidence in our courts,” Conrad wrote in a statement on Tuesday , adding that Biden's decision is "a deviation from the long historical pattern of approving judgeship bills that awarded new judgeships to sitting Presidents." "The President’s veto is contrary to the actions of Senator Biden who helped pass many of those bills," Conrad stated. The JUDGES Act, which proposed a phased introduction of new judgeships across 25 federal district courts in 13 states — including California, Florida, and Texas — had garnered broad bipartisan support. The Senate passed the legislation unanimously in August, and the House approved it with a 236-173 vote on Dec. 12. Hundreds of judges have called on Congress to add the 63 permanent seats and the three temporary seats the bill would have added. There are currently roughly 865 active federal judgeships, including the nine Supreme Court justices. Despite pleas from within the judicial branch, Biden cited concerns in his veto about the expedited approval process and the allocation of the judgeships, though deeper concerns among Democrats, like how Trump would gain roughly two-dozen more seats to fill in the next four years, complicated their support of the bill after the 2024 election. University of Richmond Law professor Carl Tobias told the Washington Examiner the legislation became the closest to passing compared to any similar bill that has been proposed since 1990, the last time the number of judges was expanded in the federal judiciary. Tobias emphasized the balance of interests Biden was considering when vetoing the bill, noting that close allies who sponsored the bill such as Sen. Chris Coons (D-DE) were let down but understood the president's decision. Coons said he was "disappointed" by the veto not only for his state but "for the federal judges throughout the country struggling under the burden of ever-higher caseloads." Chief U.S. District Judge Randy Crane of the Southern District of Texas, whose district would have received four additional judgeships, described the veto as a significant blow to court efficiency, according to Reuters. The timing of the bill’s passage, just after Republican President-elect Donald Trump’s victory in the Nov. 5 election, led to accusations from House Democrats like Rep. Jerrold Nadler (D-NY) that their GOP colleagues had reneged on promises to pass the bill in a nonpartisan manner. This political tension, coupled with Biden’s veto threat, fueled controversy over the bill’s fate. Despite the setback, judicial leaders remain hopeful that the legislation will be revived under the incoming Trump administration. Tobias said he's hopeful that lawmakers will be able to pass a similar measure over the next four years under Trump but warned, "I don't think the votes are going to be there." "Unless they want to blow up the Senate 60-vote filibuster over this issue," Tobias said, adding he saw that as unlikely. HOW TRUMP’S ELECTION COULD FORTIFY A CONSERVATIVE SUPREME COURT MAJORITY As the judiciary grapples with delays and overburdened courts, Biden’s veto has sparked a renewed debate over how Congress can come to an agreement to meet the needs of the federal judiciary. Almost "everybody agrees that the need is there" for more judges, Tobias said, adding that there needs to be a compromise to push through additional judges "in a fair way that doesn't advance one party or the other."After Gaetz, other controversial nominees test Trump's sway with Senate Republicans
Delhi Assembly poll: 80,000 more to get old-age pension, says AAP; will extend scope to cover all old people: BJPChristmas Eve didn’t stop the Red Sox from making a minor move. Boston traded catcher/infielder Mickey Gasper to the Twins for lefty reliever Jovani Morán, the team announced Tuesday afternoon. The move, much like Saturday’s trade that sent lefty Cam Booser to the White Sox , clears a 40-man roster spot. Boston will need one to make the addition of starter Walker Buehler official in the coming days. Morán, who turns 28 in late April, will not go on Boston’s 40-man roster but does have a fair amount of big league time with the Twins. He emerged as an important member of Minnesota’s bullpen in 2022 (posting a 2.21 ERA and striking out 54 batters) and in total, has a 4.15 ERA in 91 innings over the last three years. The Puerto Rico native struggled to a 5.31 ERA in 43 games, then missed the end of the season due to a forearm strain before undergoing Tommy John surgery after the year. The Twins non-tendered him, then re-signed him to a minor league contract before he missed all of 2024. It’s unclear if Morán will be ready for Opening Day, but when he is healthy, he’ll provided a left-handed depth option for the Red Sox, who have changed up that area of their roster so far this winter by adding veterans Aroldis Chapman and Justin Wilson and dealing off Booser. Wilson, Chapman, Brennan Bernardino, Zach Penrod and the rehabbing Chris Murphy are on the 40-man roster, Morán will likely begin the year at Triple-A. He has always posted high strikeout numbers (11.1 K/9 in the majors) but has been wild, too (5.1 BB/9). He has shown an ability to get both righties and lefties throughout his big league career. Gasper, a 29-year-old New Hampshire native who went to Bryant University , made his debut for Boston last year, going hitless (0-for-18) while striking out eight times and working four walks. He was offensively dominant in the minors, though, batting .328 (102-for-311) with a .970 OPS in 92 games split between Double-A Portland and Triple-A Worcester. Gasper had fallen down the depth chart with Boston’s trade for ex-Yankee Carlos Narvaez ; Narvaez is expected to serve as the backup to starter Connor Wong but the Sox are still in the market for more additions. More Red Sox coverage
NASHVILLE, Tenn. (AP) — The Tennessee Titans ' most consistent scoring threat in an ugly season now is on the injury report, and that's why they brought back a player for a bit of insurance. Kicker Nick Folk worked through some soreness, making a pair of field goals for Tennessee's only points last week in the Titans' loss to the Jaguars , his longest a 46-yarder. Both Folk and Brayden Narveson were on the field Wednesday during the portion of practice open to reporters, though the Titans listed Folk among six who did not practice. Coach Brian Callahan said it was just some “general soreness" for Folk. But as good as Folk has been this season, he turned 40 last month. So the Titans (3-10) signed Narveson to the practice squad Tuesday after he spent training camp with them in case they need an option Sunday when they host Cincinnati (5-8). “You’re always mindful of it with kickers and that kind of leg soreness," Callahan said. "So he finished the game but was sore. ... He doesn’t do anything on Wednesdays anyway. He’ll try to kick (Thursday), and we’ll see where he’s at. So I don’t really know how to feel about it either way. I just know he’ll kick tomorrow, and then we’ll have a better feel for his status after that.” Folk has an NFL record streak of 85 consecutive field goals made on attempts from less than 40 yards, which included a 39-yarder that put the Titans up 6-0 last week. He ranks 14th in NFL history with 403 field goals and trails Arizona kicker Matt Prater by just four. Prater, who has 407 field goals, currently is on injured reserve. The kicker signed a new deal this offseason after New England traded him to Tennessee in 2023 with Folk going on to lead both the NFL and set a franchise record, making 96.7% of his field goals (29 of 30). Folk has been nearly perfect this season, making all 22 extra point attempts and is 21 of 22 on field goals, including matching his career-long with a 56-yarder earlier this season. Narveson had an impressive preseason for Tennessee, letting Folk focus on preparing for the regular season. The rookie from N.C. State was 6 of 7 on field-goal attempts, including a 59-yarder. He also made a 46-yard attempt as time expired in a 16-15 victory over the Seattle Seahawks. His lone miss was a 58-yarder at the end of the Titans' preseason finale that was nearly returned for a touchdown. He made his first try only to have it nullified because a timeout had been called. Green Bay claimed Narveson when Tennessee waived him at the final roster cutdown. The Packers waived Narveson in October after the kicker missed a league-high five field-goal attempts. “If for some reason he can’t go Sunday, Brayden will be ready to roll in and he’ll kick and do all that,” Callahan said of Narveson. "So obviously it’s nice to have some familiarity with him, and he’s here in case we need him.” Among the Titans who practiced fully Wednesday was quarterback Will Levis . He said after the loss to the Jaguars that he played the second half after getting a shot after aggravating his right, throwing shoulder. He sprained the AC joint in that shoulder early in a win over Miami on Sept. 30 and later missed three games with the injury. “Feel good,” Levis said after a 75-minute practice. “Just going to see how the week goes and see how the body responds, but I definitely feel better than the last time I nicked it up.” AP NFL: https://apnews.com/hub/nflSegall Bryant & Hamill LLC bought a new position in Enbridge Inc. ( NYSE:ENB – Free Report ) (TSE:ENB) during the third quarter, HoldingsChannel.com reports. The fund bought 24,024 shares of the pipeline company’s stock, valued at approximately $976,000. A number of other large investors have also recently made changes to their positions in the business. Cibc World Market Inc. increased its holdings in shares of Enbridge by 12.8% in the 2nd quarter. Cibc World Market Inc. now owns 32,531,675 shares of the pipeline company’s stock worth $1,157,802,000 after buying an additional 3,693,495 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Enbridge by 4.0% during the 3rd quarter. CIBC Asset Management Inc now owns 24,161,024 shares of the pipeline company’s stock valued at $984,205,000 after purchasing an additional 936,863 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Enbridge by 3.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 23,083,951 shares of the pipeline company’s stock valued at $821,331,000 after purchasing an additional 827,540 shares during the last quarter. Toronto Dominion Bank grew its holdings in Enbridge by 3.6% during the 2nd quarter. Toronto Dominion Bank now owns 18,703,423 shares of the pipeline company’s stock valued at $665,655,000 after purchasing an additional 644,526 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Enbridge by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,003,828 shares of the pipeline company’s stock valued at $434,300,000 after purchasing an additional 529,913 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors. Enbridge Price Performance Shares of ENB stock opened at $43.26 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.62 and a quick ratio of 0.54. The company has a market capitalization of $94.22 billion, a P/E ratio of 20.03, a P/E/G ratio of 4.23 and a beta of 0.93. The company’s 50-day simple moving average is $41.40 and its two-hundred day simple moving average is $38.68. Enbridge Inc. has a one year low of $32.85 and a one year high of $43.70. Enbridge Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 15th will be paid a $0.676 dividend. This is an increase from Enbridge’s previous quarterly dividend of $0.67. This represents a $2.70 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date is Friday, November 15th. Enbridge’s dividend payout ratio is currently 121.76%. Analysts Set New Price Targets ENB has been the topic of several analyst reports. Jefferies Financial Group downgraded shares of Enbridge from a “buy” rating to a “hold” rating in a report on Monday, September 30th. Wells Fargo & Company upgraded shares of Enbridge from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 6th. Finally, Morgan Stanley initiated coverage on shares of Enbridge in a report on Friday, October 25th. They set an “equal weight” rating on the stock. Check Out Our Latest Stock Analysis on Enbridge Enbridge Profile ( Free Report ) Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States. See Also Want to see what other hedge funds are holding ENB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enbridge Inc. ( NYSE:ENB – Free Report ) (TSE:ENB). Receive News & Ratings for Enbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge and related companies with MarketBeat.com's FREE daily email newsletter .
[Herald Interview] ‘BYD will set no sales target in Korean debut year’VERMILLION, S.D. — No. 4-ranked South Dakota stunned top-ranked North Dakota State with a last-second touchdown off a frenetic sequence. ADVERTISEMENT Javion Phelps caught a 25-yard touchdown pass with 12 seconds remaining to lift the Coyotes to a 29-28 victory against the Bison on Saturday in Missouri Valley Football Conference play at the DakotaDome. NDSU (10-2, 8-1 MVFC) had its 10-game winning streak snapped and now shares the conference crown. The NCAA Division I FCS selection show is scheduled for 11:30 a.m. Sunday, Nov. 24, on ESPNU. South Dakota (9-2, 7-1) also earned a share of the MFVC championship. The Coyotes scored 12 points in the final 3 minutes, 22 seconds to rally past the Bison. No. 2-ranked Montana State (12-0) completed an undefeated regular season and will likely be the No. 1 seed for the playoffs. ADVERTISEMENT Bison quarterback Cam Miller completed 10 of 22 passes for 174 yards and one touchdown. He also rushed for a team-high 82 yards and one TD on 19 attempts after a slow start. The Coyotes raced to a 14-0 lead before NDSU responded in a game that had huge momentum shifts. Both teams rallied from double-digit deficits. USD had the lead early in the second half. Will Leyland hit a 37-yard field goal to give the Coyotes a 17-14 lead with 10 minutes, 21 seconds to play in the third quarter. That capped a 10-play, 51-yard drive. Miller scored on a 2-yard touchdown run to give the Bison a 21-17 lead with 4:48 to play in the third quarter, giving NDSU its first lead. That capped an 80-yard drive that took 10 plays. ADVERTISEMENT Bison running back Marty Brown completed an epic 99-yard drive with a 1-yard TD run for a 28-17 lead with 4:10 remaining in the fourth quarter. The long march lasted 20 plays and NDSU converted two fourth-and-1s in its own territory to extend the drive. The Bison looked in control at that point. USD, however, answered with a big drive. Wide receiver Jack Martens caught a 40-yard TD pass from quarterback Aidan Bouman to cut the lead to 28-23 with 3:22 remaining. The Coyotes missed on their two-point conversion attempt. Phelps later added his clutch TD catch for a 29-28 lead on a second-and-19 play in the closing seconds. The game-winning touchdown came after a Bison sack. The Coyotes were out of timeouts and Phelps broke wide open after USD hurried to regroup and run a play with the game clock winding down. ADVERTISEMENT The Coyotes not only finished strong, they started fast. Running back Travis Theis scored on a 6-yard touchdown run to give USD a 7-0 lead with 6:35 remaining in the first quarter. That capped an 80-yard drive that took 11 plays. The Coyotes converted on third-and-17 and third-and-9 on that scoring march. Theis added a 14-yard TD run for a 14-0 lead with 12:44 to play in the second quarter. That capped a 73-yard drive that lasted seven plays. USD had a 158-9 edge in yards after that score. ADVERTISEMENT Wide receiver Braylon Henderson countered with a 23-yard TD catch to cut the USD lead to 14-7 with 2:39 to play in the first half. That capped a 66-yard drive in six plays. Earlier in the drive, RaJa Nelson had a 30-yard catch that moved the ball to the USD 18-yard line. The 5-foot-11, 214-pound Brown scored on a 3-yard touchdown run to even the score at 14-14 with 26 seconds remaining in the first half. That capped an 83-yard drive in nine plays. Wide receiver Bryce Lance helped set up that score with a 48-yard catch to the USD 24. The Bison finished the first half with 173 yards on 30 plays, while the Coyotes had 184 yards on 32 plays. South Dakota gained 129 yards on 12 plays on its game-changing two touchdown drives in the fourth quarter. Bouman completed 18 of 30 passes for 272 yards with two touchdowns to help his team rally for victory. ADVERTISEMENTTop Dolphins-Patriots prop bet predictions from Chris Perkins, David Furones