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ATLANTA , Dec. 23, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE ) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today announced it has received notification (the "Acceptance Letter") from the New York Stock Exchange (the "NYSE") that the NYSE has accepted the Company's previously-submitted plan (the "Plan") to regain compliance with the NYSE's continued listing standards set forth in Section 802.01B of the NYSE Listed Company Manual relating to minimum market capitalization and stockholders' equity. In the Acceptance Letter, the NYSE granted the Company an 18-month period from September 12, 2024 (the "Plan Period") to regain compliance with the continued listing standards. As part of the Plan, the Company is required to provide the NYSE quarterly updates regarding its progress towards the goals and initiatives in the Plan. In the Plan, Kore included details regarding previously reported operational restructuring activities, as well as an outlook on the Company's business. The Company expects its common stock will continue to be listed on the NYSE during the Plan Period, subject to the Company adherence to the Plan and compliance with other applicable NYSE continued listing standards. The Company's receipt of such notification from the NYSE does not affect the Company's business, operations or reporting requirements with the U.S. Securities and Exchange Commission. Cautionary Note on Forward-Looking Statements This press release includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe," "guidance," "project," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding expected progress with the Company's compliance plan submitted to the NYSE, expected compliance with continued listing standards of the NYSE and expected continued listing of the Company's common stock on the NYSE. These statements are based on various assumptions and on the current expectations of KORE's management. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor or other person as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of KORE. These forward-looking statements are subject to a number of risks and uncertainties, including general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; the potential effects of COVID-19; risks related to the rollout of KORE's business and the timing of expected business milestones; risks relating to the integration of KORE's acquired companies, including the acquisition of Twilio's IoT business, changes in the assumptions underlying KORE's expectations regarding its future business; our ability to negotiate and sign a definitive contract with a customer in our sales funnel; our ability to realize some or all of estimates relating to customer contracts as revenue, including any contractual options available to customers or contractual periods that are subject to termination for convenience provisions; the effects of competition on KORE's future business; and the outcome of judicial proceedings to which KORE is, or may become a party. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that KORE presently does not know or that KORE currently believes are immaterial that could also cause actual results to differ materially from those contained in the forward-looking statements. In addition, forward-looking statements reflect KORE's expectations, plans or forecasts of future events and views as of the date of this press release. KORE anticipates that subsequent events and developments will cause these assessments to change. However, while KORE may elect to update these forward-looking statements at some point in the future, KORE specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing KORE's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. KORE Investor Contact: Vik Vijayvergiya Vice President, IR, Corporate Development and Strategy [email protected] (770) 280-0324 SOURCE KORE Group Holdings, Inc.Turkish Airlines to Begin Operations at The New Terminal One at JFK and Unveil World-Class Lounge
Montana families deemed eligible to receive the state’s child care subsidy for low-income earners will now automatically qualify for a separate program that provides nutritional and breastfeeding support to caretakers of young children. The Montana Department of Public Health and Human Services announced Friday that Best Beginnings scholarship recipients will no longer have to prove separate eligibility for the Women, Infants and Children nutritional program. Participants in either program must earn a household income at or below 185% of the federal poverty line, currently $47,767 annually for . WIC enrollees must be pregnant, postpartum, breastfeeding or have a child younger than 5. “Both of these programs serve many of the same families, so as a way to improve customer service we made the decision to streamline the eligibility process for families,” said Lacy Little, Montana WIC program director, in an emailed statement. “This will make it easier for families to gain access to the nutritional food and support the WIC program provides.” This change comes in the wake of and its handling of the Medicaid redetermination process that led to over 115,000 people being disenrolled from the joint federal-state health insurance program. During the unwinding period, droves of people said they didn’t receive re-enrollment information in a timely fashion or at the correct mailing address. DPHHS reported some of the longest help line wait times in the country, and many people couldn’t access in-person support in their local communities partly due to the closure of 19 public assistance offices in 2017. More than 60 organizations that serve a wide variety of vulnerable families and children across the state in June, calling on him to improve access to public benefits by allocating funding to DPHHS specifically to hire more staff and modernize systems. WIC offers a spate of resources for families and pregnant or postpartum women including special food packages, peer counseling, lactation experts, baby food, breastfeeding support and pumps, access to trained staff and more. Roughly 13,400 women, infants, and children are enrolled in Montana, but that accounts for just 55% of eligible families, according to the state health agency. DPHHS hopes that more closely linking child care with WIC will spur enrollment. Lawmakers expanded the Best Beginnings program in 2023 to make more families eligible. The Legislature passed a bill that increased the income threshold to the 185% of the federal poverty line mark. Families who make closer to that line pay higher co-pays than those who earn less. Some Democrats in the state Legislature as well as child care advocates have said they in the upcoming session, noting that families in more expensive areas such as Gallatin County earn above the current income threshold but still not enough to pay for child care. Providers say they can’t reduce their fees because of rising costs such as rent and the need to pay wages that will attract workers in these pricey communities. Gianforte’s budget proposal does not fund a larger Best Beginnings program. To enroll in WIC or learn more about the benefits it offers, families can visit , contact their local WIC clinic or visit The state office may be reached at 1-800-433-4298 or emailed at
AP Business SummaryBrief at 4:32 p.m. EST
Lively man describe how he battled depression and embraced joy
The S&P 500 dipped 0.3%, a day after pulling back from its latest all-time high . They’re the first back-to-back losses for the index in nearly a month, as momentum slows following a big rally that has it on track for one of its best years of the millennium . The Dow Jones Industrial Average fell 154 points, or 0.3%, and the Nasdaq composite slipped 0.3%. Tech titan Oracle dragged on the market and sank 6.7% after reporting growth for the latest quarter that fell just short of analysts’ expectations. It was one of the heaviest weights on the S&P 500, even though CEO Safra Catz said the company saw record demand related to artificial-intelligence technology for its cloud infrastructure business, which trains generative AI models. AI has been a big source of growth that’s helped many companies’ stock prices skyrocket. Oracle’s stock had already leaped more than 80% for the year coming into Tuesday, which raised the bar of expectations for its profit report. In the bond market, Treasury yields ticked higher ahead of Wednesday’s report on the inflation that U.S. consumers are feeling. Economists expect it to show similar increases as the month before. Wednesday’s update and a report on Thursday about inflation at the wholesale level will be the final big pieces of data the Federal Reserve will get before its meeting next week, where many investors expect the year’s third cut to interest rates . The Fed has been easing its main interest rate from a two-decade high since September to take pressure off the slowing jobs market, after bringing inflation nearly down to its 2% target. Lower rates would help give support to the economy, but they could also provide more fuel for inflation. Expectations for a series of cuts through next year have been a big reason the S&P 500 has set so many records this year. Trading in the options market suggests traders aren’t expecting a very big move for U.S. stocks following Wednesday’s report, according to strategists at Barclays. But a reading far off expectations in either direction could quickly change that. The yield on the 10-year Treasury rose to 4.22% from 4.20% late Monday. Even though the Fed has been cutting its main interest rate, mortgage rates have been more stubborn to stay high and have been volatile since the autumn. That has hampered the housing industry, and homebuilder Toll Brothers’ stock fell 6.9% even though it delivered profit and revenue for the latest quarter that topped analysts’ expectations. CEO Douglas Yearley Jr. said the luxury builder has been seeing strong demand since the start of its fiscal year six weeks ago, an encouraging signal as it approaches the beginning of the spring selling season in mid-January. Elsewhere on Wall Street, Alaska Air Group soared 13.2% after raising its forecast for profit in the current quarter. The airline said demand for flying around the holidays has been stronger than expected. It also approved a plan to buy back up to $1 billion of its stock, along with new service from Seattle to Tokyo and Seoul . Boeing climbed 4.5% after saying it’s resuming production of its bestselling plane , the 737 Max, for the first time since 33,000 workers began a seven-week strike that ended in early November. Vail Resorts rose 2.5% after the ski resort operator reported a smaller first-quarter loss than analysts expected in what is traditionally its worst quarter. All told, the S&P 500 fell 17.94 points to 6,034.91. The Dow dipped 154.10 to 44,247.83, and the Nasdaq composite slipped 49.45 to 19,687.24. In stock markets abroad, indexes were mixed in China after the world’s second-largest economy said its exports rose by less than expected in November. Stocks rose 0.6% in Shanghai but fell 0.5% in Hong Kong. Indexes fell across much of Europe ahead of a meeting last week by the European Central Bank, where the widespread expectation is for another cut in interest rates. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.Orioles plan to evolve, but not overhaul, offensive philosophy in 2025
AP Business SummaryBrief at 5:20 p.m. EST
Congress seeks to ban Chinese drones that are widely used in USBy Amanda Rosa Miami Herald / Tribune News Service There are many ways to go viral on social media, but one Broward resident had a sure fire idea: a tattoo of Luigi Mangione, the man accused of assassinating UnitedHealthcare CEO Brian Thompson. Not a temporary tattoo or a fake one to trick people online. Levi Jones, a 33-year-old business owner, pulled up to Sacred Eye Tattoos in Hollywood last week and sat for eight hours getting a photorealistic black-and-white portrait of Mangione on his leg. The tattoo, complete with the words “Deny. Defend. Depose.” written on Mangione’s face, is one of many tattoos, artworks, songs, T-shirts and memes inspired by Mangione to pop up online since he was named NYPD’s prime suspect in the shooting. Just a few days after posting the video, Jones’ tattoo has gotten over 1 million views on Instagram. TikTok removed it from its platform as it was gaining traction, said Anthony Medina, the 27-year-old tattoo artist behind the piece. “I definitely think it’s gonna get a little bit more viral, probably like five to 10 million views, hopefully,” Jones told the Herald. “But that was the plan.” It’s all part of fiery online discourse over the shooting and the wave of public support for Mangione as many people expressed frustration over the healthcare insurance industry and its practice of denying legitimate claims . Prosecutors accused Mangione of shooting Thompson in Manhattan on Dec. 4 and fleeing to Pennsylvania, where he was arrested at a McDonald’s days later. To some, Mangione has become a folk hero , while law enforcement and elected officials—from NYPD Commissioner Jessica Tisch to President-elect Donald Trump —have condemned those who valorize the alleged killer. Ironically, neither Medina nor Jones have a particularly strong opinion on Mangione or Thompson’s death. “Well, I don’t support murder, that’s for sure. I understand the frustration. I love the kind of vigilante aspect behind it. I’m in no means supportive of assassinating CEOs because you disagree with them or whatever immoral compass they have,” Jones said. “But, I’m kind of neutral on it. I don’t really know enough about it to even say if I’m with or against him.” Medina had a similar response: “I don’t have an opinion on what happened. I haven’t done research into it to even form an opinion whether it was justified or not. Killing someone in general is never justified, but I’m sure he had his reasons behind it.” So how did the permanent portrait come to be? “He’s a very impulsive person,” Medina said. Jones and Medina were already in talks about getting a different tattoo. Out of the blue, Medina said Jones texted him that he wanted to get a portrait of Mangione. Medina wasn’t buying it. “I said, ‘No shot you’re actually serious about this,’” Medina said. “Two days later, it actually happened.” In the past, Medina said, the two tried their hand at creating a viral moment with a fake Instagram video of Jones getting a suggestive face tattoo. “He was trying to go viral with that, but it didn’t go as well as this one apparently,” the tattoo artist said. “I was expecting us to have a lot more views by now just because it’s so controversial, but that was the intent behind it,” Jones said. “I wanted something that was going to be kind of intense and extreme. People would see it, shake their head like, ‘What the hell are these guys doing?’” In person, Jones said he’s only gotten positive reactions from people. While shopping at Total Wine on Friday, Jones said the cashier noticed the tattoo and gushed about how she had seen it online. On Instagram though, the comment section is more heated. Some like the tattoo, many do not. Comments range from “this is nuts but awesome work my boy like always” to “WHY” to “Celebrating a death that resulted in no change what so ever.” One Instagram user joked: “Imagine you got an infection from that tattoo and you went to the doctor and then your claim got denied.” Medina gets a kick out of people online who assume the artist and client are politically liberal, like one commenter that wrote, “I can tell by the shape of the leg this person is a lib” with laughing emojis. “I think it’s hilarious because we’re both Republicans, and he’s a full Trump supporter,” Medina said. Both Jones and Medina said they understand why some may find the tattoo offensive, but Medina noted that people have been getting tattoos of violent and controversial figures for years. Clients have asked Medina, who specializes in realistic, black-and-white portraits, for tattoos of mobsters, drug cartel leaders and Miami’s infamous “Cocaine Cowboys.” “Idolizing people that do bad things is not new,” Medina said. “I think because [the situation] is so recent, the tattoo is a little out there, but it’s definitely not the first time that something like this has gone around. I think I was just the best to do it.” Regardless of how people feel about it—or whether Mangione is found to be innocent or guilty—Jones said the tattoo makes for a great story and he doesn’t regret getting it. As someone who used to work in the medical field, Jones added that there is one positive thing to come out of social media’s Mangione mania: people are seriously talking about the healthcare insurance industry. “I know firsthand how corrupt it is, how people care more about money than patients. At the end of the day, people are paychecks,” Jones said. “I do like the fact that people are kind of waking up and seeing this because before this, no one would have cared.”Thomas Frank provides Mathias Jensen injury update following Brentford's win over Leicester
New Govt. focuses on Easter bombings 2019 investigationDA suggests unusual idea for halting Trump’s hush money case while upholding his conviction
