The trials and tribulations of preparing the white paperMumbai: The Maharashtra government has informed the Bombay High Court that it has established safe houses and special cells for interfaith and inter-caste couples across the state. A circular to this effect was issued on December 18, and the details will soon be available on the home department’s website and social media platforms. The statement was made during the hearing of a plea by a 23-year-old interfaith couple seeking safe accommodation in Mumbai due to threats from their families, who oppose their marriage. The couple had submitted a notice of marriage registration to the Sub-Registrar’s Office. A division bench of Justices Revati Mohite-Dere and Prithviraj Chavan directed the authorities to immediately provide the petitioners with a designated safe house. The court also instructed the local police to deploy an additional guard at the safe house to prevent any untoward incident. Further, the bench asked the police to decide within 48 hours on the man’s application for protection as he is set to begin a new job next week. Earlier, on December 10, the court had suggested converting rooms in state guest houses across districts into safe houses for couples facing threats over interfaith or inter-caste relationships, citing the presence of existing police security at such premises. The bench had also questioned the Social Justice and Home departments regarding compliance with the Supreme Court’s 2018 guidelines on ensuring protection for such couples. During the hearing on Thursday, the State’s advocate informed the court that special cells and safe houses have been set up for couples, regardless of marital status, as per the circular. The court accepted the government’s assurance to allocate a safe house to the petitioners that same evening. The matter is scheduled for further hearing on January 6.

Richards' 17 help Chattanooga beat Bryant 84-76Jimmy Carter, a man of implacable faith, lived his valuesELK GROVE VILLAGE, Ill., Dec. 20, 2024 (GLOBE NEWSWIRE) -- SigmaTron International, Inc. (NASDAQ: SGMA), an electronic manufacturing services company (the “Company”), today reported revenues and earnings for the fiscal quarter ended October 31, 2024. For the three month period ended October 31, 2024, revenues decreased $24 million, or 24 percent, to $74.7 million compared to $98.7 million for the same quarter in the prior year. Net income/(loss) for the three month period ended October 31, 2024 was a loss of $9.5 million compared to break even for the same period in the prior year. Approximately $3.3 million of expenses were recorded during the second quarter related to debt modification, expensing of deferred financing costs and lender warrants after remeasurement. Basic and diluted income/(loss) per share for the three month period ended October 31, 2024 was a loss of $1.55, compared to $0.00 income per share for the same period in the prior year. For the six month period ended October 31, 2024, revenues decreased $37.3 million, or 19 percent, to $159.5 million, compared to $196.8 million for the same period in the prior year. Net income/(loss) for the six month period ended October 31, 2024, was a net loss of $12.8 million, compared to net income of $0.3 million for the same period in the prior year. Approximately $3.3 million of expenses were recorded during the second quarter related to debt modification, expensing of deferred financing costs and lender warrants after remeasurement. Basic and diluted income/(loss) per share for the six month period ended October 31, 2024 was a loss of $2.08, compared to $0.05 income per share for the same period in the prior year. Commenting on SigmaTron International Inc.’s second quarter fiscal 2025 results, Gary R. Fairhead, Chief Executive Officer and Chairman of the Board, said “Unfortunately the softness we’ve seen in our revenue stream has continued during the second quarter. Sequentially, our first quarter for fiscal 2025 revenue was $84.8 million and for the second quarter, our revenue was $74.7 million. We currently expect the depressed revenue levels to continue for our third fiscal quarter, in part because of the holidays in December for North America and at the end of January in Asia. As you would expect, this level of revenue resulted in another loss for the second quarter, which included a non-cash charge for deferred financing and warrant expenses that totaled approximately $3.3 million. On a positive note, the Company reported an operating profit in October, demonstrating that our restructuring efforts are now showing a significant impact. We continue to right-size our Company offering significant upside for the operations. The softness we continue to encounter was tied to the general economy and exacerbated by the supply chain volatility in the electronic component marketplace, with customers having overordered in the recent past because of the uncertainty related to acquiring certain components for the electronic assemblies. We believe that the excess inventory that was the result of this behavior has in large part been consumed, which should lead to overall demand increasing in 2025. “In the short term, we continue to see soft revenue in terms of our backlog. However, most of our customers are starting to indicate that they view calendar 2025 as a stronger and growing economy and expect the current trend to have bottomed out. We have seen this with several customers where some modest orders have been pulled in and there has been increased activity with new opportunities. It will still take a while to get to where we want to be but at least the current trend appears to be positive after the third quarter. In addition to right-sizing the Company, we have continued to remain focused on reducing inventory further. We made modest progress in that area in the second quarter, but we fully expect to see significant gains in our reduction efforts during the third quarter. “In our first quarter press release, I also mentioned that we were focused on activities to de-lever our balance sheet. I’m pleased to announce that on December 13, 2024, SigmaTron entered into a sale/leaseback of our Elk Grove Village property. We have signed a three-year lease with two one-year options on the property. From an accounting perspective, not only have we reduced our bank debt, but we will have a one-time capital gain of approximately $7 million to report in our third quarter results. We continue to look at other options for the Company strategically, with the assistance of Lincoln International. We continue to enjoy good relationships with our customers and supply chain and expect that to continue as we continue to go through the process.” About SigmaTron International, Inc. Headquartered in Elk Grove Village, Illinois, SigmaTron International, Inc. operates in one reportable segment as an independent provider of electronic manufacturing services (“EMS”). The EMS segment includes printed circuit board assemblies, electro-mechanical subassemblies and completely assembled (box-build) electronic products. The Company and its wholly-owned subsidiaries operate manufacturing facilities in Elk Grove Village, Illinois; Acuna, Chihuahua, and Tijuana Mexico; Union City, California; Suzhou, China; and Biên Hòa City, Vietnam. In addition, the Company maintains an International Procurement Office and Compliance and Sustainability Center in Taipei, Taiwan. The Company also provides design services in Elk Grove Village, Illinois, U.S. Forward-Looking Statements Note: This press release contains forward-looking statements. Words such as “continue,” “anticipate,” “will,” “expect,” “believe,” “plan,” and similar expressions identify forward-looking statements. These forward-looking statements are based on the current expectations of the Company. Because these forward-looking statements involve risks and uncertainties, the Company’s plans, actions and actual results could differ materially. Such statements should be evaluated in the context of the direct and indirect risks and uncertainties inherent in the Company’s business including, but not necessarily limited to, the Company’s continued dependence on certain significant customers; the continued market acceptance of products and services offered by the Company and its customers; pricing pressures from the Company’s customers, suppliers and the market; the activities of competitors, some of which may have greater financial or other resources than the Company; the variability of the Company’s operating results; the impact of material weaknesses in internal controls over financial reporting; the results of long-lived assets and goodwill impairment testing; the risks inherent in any merger, acquisition or business combination, including the ability to achieve the expected benefits of acquisitions as well as the expenses of acquisitions; the collectability of aged account receivables; the variability of the Company’s customers’ requirements; the impact of inflation on the Company’s operating results; the availability and cost of necessary components and materials; the impact acts of war may have to the supply chain; the ability of the Company and its customers to keep current with technological changes within its industries; regulatory compliance, including conflict minerals; the continued availability and sufficiency of the Company’s credit arrangements; the costs of borrowing under the Company’s senior and subordinated credit facilities, including under the rate indices that replaced LIBOR; increasing interest rates; the ability to meet the Company’s financial and restrictive covenants under its loan agreements; changes in U.S., Mexican, Chinese, Vietnamese or Taiwanese regulations affecting the Company’s business; the turmoil in the global economy and financial markets; public health crises, including COVID-19 and variants; the continued availability of scarce raw materials, exacerbated by global supply chain disruptions, necessary for the manufacture of products by the Company; the stability of the U.S., Mexican, Chinese, Vietnamese and Taiwanese economic, labor and political systems and conditions; global business disruption caused by the Russian invasion of Ukraine and related sanctions and the Israel-Hamas conflict; currency exchange fluctuations; and the ability of the Company to manage its growth. These and other factors which may affect the Company’s future business and results of operations are identified throughout the Company’s Annual Report on Form 10-K, and as risk factors, may be detailed from time to time in the Company’s filings with the Securities and Exchange Commission. These statements speak as of the date of such filings, and the Company undertakes no obligation to update such statements in light of future events or otherwise unless otherwise required by law. For Further Information Contact: SigmaTron International, Inc. Frank Cesario 1-800-700-9095AP Trending SummaryBrief at 9:18 p.m. EST

McClain's 14 lead Texas Southern over Texas A&M-Kingsville 80-72Wordle today: Puzzle #1281 hints and answer for December 21, 2024The Stanley company, whose cups are wildly popular, is recalling over two million mugs due to a potential danger. The recall affects 2.6 million switchback and trigger action stainless steel travel mugs sold across America, the Associated Press (AP) reported on Friday. The mug’s lid threads are capable of shrinking when exposed to heat and torque. Therefore, there is a danger the lid could detach and the user could be burned. The outlet continued: Stanley has received 91 reports worldwide, including 16 in the U.S., of the recalled travel mugs’ lids detaching during use, resulting in 38 burn injuries worldwide, including two burn injuries in the U.S., with 11 consumers worldwide requiring medical attention. Stanley said the recall includes double-walled mugs sold in a variety of colors including white, black and green, in 12 oz., 16 oz. and 20 oz. sizes with a polypropylene lid. The Stanley logo appears on the front and bottom of the mug. In its announcement regarding the recall, the United States Consumer Product Safety Commission urged consumers to stop using the mugs and contact the company for a replacement lid. The commission said the mugs were sold at “Amazon.com, Walmart, Dick’s Sporting Goods, Target and other stores nationwide and online from June 2016 through December 2024 for between $20 and $50, depending on the model.” Stanley cups have become quite the “it” item to have in recent years, CNN reported in January. “It’s no secret that good marketing — largely to women, through social media — has been behind the cups’ recent surge in popularity,” the article read, noting that some shoppers have fought over the cups. “When eyeing a brand revamp in 2020, Stanley’s global president Terence Reilly specifically chose women as a potential new consumer base. Then, with a new palette of colors and designs, the company relied on trusted influencers on social media to get the word out,” the CNN report said. According to the Stanley website, the company was founded by inventor William Stanley Jr. in 1913.