Jerry Nickelsburg Named Director of the UCLA Anderson Forecast

LOS ANGELES, July 31, 2017 /PRNewswire/ -- UCLA Anderson School of Management Adjunct Full Professor Jerry Nickelsburg has been named director of the UCLA Anderson Forecast, effective July 1, 2017. He succeeds Distinguished Professor Edward E. Leamer, who has led the Forecast since 2000. In addition to continuing to teach at UCLA Anderson, Leamer will lead a comprehensive study of the effects of the higher minimum wage enacted by Los Angeles in 2015.

Nickelsburg joined the UCLA Anderson Forecast in 2006 as a senior economist, focusing on the California economy. He has played a key role in the Forecast team's economic modeling and forecasting of the U.S. and California economies, as well as those of Los Angeles, the Southern California region and the Bay Area. He has conducted studies on such topics as the aerospace industry and the future of manufacturing in Los Angeles, and is a frequent presenter at economic conferences.

"The UCLA Anderson Forecast represents not just UCLA but the entire UC system in providing independent analyses and forecasts for the university, the region and the state," said Nickelsburg. "My goal is to continue the vision of Professor Leamer in expanding the breadth and scope of the Forecast while maintaining its high standard of quality."

In addition to his role at the Forecast, Nickelsburg will continue to teach economics in UCLA Anderson's MBA and global immersion programs. He has published numerous research papers and written more than 100 articles on monetary economics, economic forecasts and analysis, labor economics, and industrial organization. He is also the author of two books on monetary economics and exchange rates.

He received his Ph.D. in economics from the University of Minnesota, specializing in monetary economics and econometrics, and was formerly a faculty member of the Department of Economics at the University of Southern California. Before joining UCLA Anderson, Nickelsburg spent 20 years working in private industry, including eight years at McDonnell Douglas. He also founded a consulting firm, Deep Blue Economics, and served as its managing principal.

After serving as assistant and associate professor at Harvard University, Leamer joined the UCLA faculty in 1975 as professor of economics. In 1990 he moved across campus to UCLA Anderson and was appointed to the Chauncey J. Medberry Chair in Management, which he continues to hold. He is a fellow of the American Academy of Arts and Sciences and a fellow of the Econometric Society. He earned a B.A. in mathematics from Princeton University and an M.A. in mathematics and a Ph.D. in economics from the University of Michigan.

Under Leamer's direction, the UCLA Anderson Forecast has become one of the most widely watched and respected economic outlooks for California and the nation. During his tenure, the Forecast uniquely predicted both the seriousness of the early 1990s downturn in California and the strength of the state's rebound since 1993. The Forecast was also credited as the first major U.S. economic forecasting group to predict the recession of 2001. In a special release on September 12, 2001, the Forecast correctly anticipated that the 9/11 attacks were unlikely to have a major effect on the evolution of the recession. In June 2002, Leamer began warning about a momentum-driven, overheated housing market that he said was certain to cause problems for the economy in the future.

About UCLA Anderson Forecast
UCLA Anderson Forecast is one of the most widely watched and often-cited economic outlooks for California and the nation, and was unique in predicting both the seriousness of the early-1990s downturn in California and the strength of the state's rebound since 1993. More recently, the Forecast was credited as the first major U.S. economic forecasting group to declare the recession of 2001. Visit UCLA Anderson Forecast at uclaforecast.com.

About UCLA Anderson School of Management
UCLA Anderson School of Management is among the leading business schools in the world, with faculty members globally renowned for their teaching excellence and research in advancing management thinking. Located in Los Angeles, gateway to the growing economies of Latin America and Asia and a city that personifies innovation in a diverse range of endeavors, UCLA Anderson's MBA, Fully Employed MBA, Executive MBA, UCLA-NUS Global Executive MBA for Asia Pacific, Master of Financial Engineering, Master of Science in Business Analytics, doctoral and executive education programs embody the school's Think in the Next ethos. Annually, some 1,800 students are trained to be global leaders seeking the business models and community solutions of tomorrow.

Follow Us @UCLAAnderson
Twitter
Instagram
Facebook
LinkedIn
YouTube

Contact:
Rebecca Trounson
UCLA Anderson School of Management
(310) 825-1348
rebecca.trounson@anderson.ucla.edu

 

View original content:http://www.prnewswire.com/news-releases/jerry-nickelsburg-named-director-of-the-ucla-anderson-forecast-300496979.html

SOURCE UCLA Anderson School of Management

Geschäftsplan von Westinghouse beinhaltet erhebliche Einsparungen

CRANBERRY TOWNSHIP, Pennsylvania–(BUSINESS WIRE)–Die Westinghouse Electric Company kündigte heute an, dass das Unternehmen den Massedarlehensgebern und dem Ausschuss ungesicherter Gläubiger am 27. Juli einen fünfjährigen Geschäftsplan unterbreitet und somit einen kritischen Meilenstein im Konkursverfahren nach Kapitel 11 des US-amerikanischen Insolvenzrechts erreicht hat.

„Wir sind stolz, diesen wichtigen Schritt unternommen zu haben. Unser 5-Jahres-Plan bieten den Interessenvertretern von Westinghouse, wie unseren Mitarbeitern, Kunden und künftigen Investoren, Einblick darin, wie wir über diesen Zeitraum hinweg ein konservatives, nachhaltiges Geschäftswachstum erzielen werden“, erklärte José Emeterio Gutiérrez, President and Chief Executive Officer. „Wir haben bereits begonnen, unsere Betriebsvorgänge an dem Plan auszurichten, und freuen uns darauf, die Kapitel-11-Verfahren rasch zu durchlaufen.

Der Plan kombiniert die strategischen Maßnahmen von Westinghouse, das Wettbewerbsumfeld und die Marktdynamik zu einer fünfjährigen Finanzprognose. Der Plan umfasst strategische Umgestaltungsinitiativen, mit denen Einsparungen in Höhe von 205 Millionen US$ bei den auf das Jahr umgerechneten Gewinn vor Zinsen, Steuern und Abschreibungen (EBITDA) über einen Zeitraum von fünf Jahren hinweg erreicht werden sollen, und unterstützt sowohl die Kernsparten des Unternehmens als auch die Sparte für neue Projekte. Eine Komponente dieser Einsparungen wird eine Anpassung der Mitarbeiterzahl auf weltweiter Ebene sein, die sich im Geschäftsjahr 2017 auf etwa 7 % belaufen soll.

Dieser Meilenstein stellt einen weiteren wichtigen Schritt in den erfolgreichen Sanierungsbemühungen von Westinghouse im Rahmen seines Insolvenzverfahrens dar. Seit der Einreichung eines Insolvenzantrags nach Kapitel 11 am 29. März 2017 wurde Westinghouse ein Finanzierungspaket in Form eines Massedarlehens über 800 Millionen US$ bewilligt. Westinghouse hat mit Southern Nuclear Co., einem Eigner von einem der beiden US-amerikanischen Bauprojekte für AP1000-Kernkraftwerke, erfolgreich eine langfristige Servicevereinbarung ausgehandelt.

Vor einigen Stunden gab der Vorstand von Santee Cooper bekannt, dass er die Fortsetzung des Projekts zur Errichtung von zwei Westinghouse AP1000-Kernkraftwerken, die derzeit am Standort V.C. Summer im US-Bundestaat South Carolina im Bau sind, nicht befürworten wird.

Westinghouse zeigt sich über diese Entscheidung enttäuscht, da – wie kürzlich durch die abgeschlossene Installation des gesamten nuklearen Dampferzeugungssystems (Nuclear Steam Supply System, NSSS) bewiesen – große Fortschritte bei diesen beiden Einheiten gemacht wurden und durch den Baustopp nun die Einwohnern South Carolinas nur beschränkten Zugang zu sicherer, sauberer und zuverlässiger Energie hätten. In Zusammenarbeit mit SCANA, einem geschätzten Kunden, wird Westinghouse das Verfahren für eine sichere und effiziente Stilllegung des Projektes festlegen. Ferner wird Westinghouse die Auswirkungen dieser Entscheidung auf seinen Geschäftsplan und seine angekündigte Mitarbeiterreduzierung im normalen Geschäftsablauf untersuchen.

“Wir respektieren die Entscheidung seitens Santee Cooper, aber wir sind sehr enttäuscht darüber“, sagte José Emeterio Gutierrez, President und Chief Executive Officer bei Westinghouse. „Die Wirtschaft in South Carolina wird unter den negativen Auswirkungen, die der Verlust von 5.000 hoch bezahlten, langfristigen Arbeitsstellen mit sich bringen wird, auf jeden Fall leiden. Zudem wird die Bevölkerung nicht von der zuverlässigen, sauberen, sicheren und kostengünstigen Energie, die diese Anlagen liefern würden, profitieren können. Auch der US-amerikanische Energiesektor wird zu einem Zeitpunkt, zu dem andere Kernkraftanlagen abgeschaltet werden, mit Garantie die hemmende Wirkung zu spüren bekommen, die durch den Baustopp dieser beiden Kernkraftanlagen ausgelöst wird.“

Westinghouse lobt die unerschütterliche Arbeit, die zu diesem Zeitpunkt von dem Projektteam geleistet wurde. Unterdessen werden die zahlreichen Vorteile des Designs der AP1000-Anlage, darunter die passiven Sicherheitsmerkmale und die nach strengen Bestimmungen durchgeführte Lizenzierung, weiterhin auf aller Welt anerkannt. Die Arbeiten an den zwei AP1000-Anlagen am Standort Vogtle von Georgia Power werden unter einer langfristigen Servicevereinbarung fortgesetzt und die Errichtung der ersten vier AP1000-Anlagen an den Standorten Sanmen und Haiyang in China wird in Kürze zu einem erfolgreichen Abschluss geführt.

Die Ausgangssprache, in der der Originaltext veröffentlicht wird, ist die offizielle und autorisierte Version. Übersetzungen werden zur besseren Verständigung mitgeliefert. Nur die Sprachversion, die im Original veröffentlicht wurde, ist rechtsgültig. Gleichen Sie deshalb Übersetzungen mit der originalen Sprachversion der Veröffentlichung ab.

Riassunto: Il business plan di Westinghouse prevede risparmi trasformativi

CRANBERRY TOWNSHIP, Pa.–(BUSINESS WIRE)–Westinghouse Electric Company ha annunciato oggi di aver raggiunto un traguardo critico nel processo di fallimento previsto dal Capitolo 11, sottoponendo il proprio business plan quinquennale ai finanziatori debitori in possesso (DIP) della società e al comitato dei creditori non garantiti il 27 luglio u.s..

“Siamo fieri di intraprendere questo importante passo avanti. Il nostro piano quinquennale offre agli stakeholder di Westinghouse, compresi i nostri dipendenti, clienti e futuri investitori, informazioni su come raggiungeremo una crescita sostenibile e conservatrice in un periodo definito”, ha commentato José Emeterio Gutiérrez, Presidente e CEO.

Il testo originale del presente annuncio, redatto nella lingua di partenza, è la versione ufficiale che fa fede. Le traduzioni sono offerte unicamente per comodità del lettore e devono rinviare al testo in lingua originale, che è l’unico giuridicamente valido.

Osisko Completes Acquisition of Orion Royalty Portfolio

MONTRÉAL, QUÉBEC–(Marketwired – July 31, 2017) – Osisko Gold Royalties Ltd (TSX:OR)(NYSE:OR) („Osisko” or „Corporation”) is pleased to announce the successful completion of the previously announced acquisition („Acquisition”) of a high-quality precious metals portfolio of assets consisting of 74 royalties, streams and precious metal offtakes („Orion Portfolio”) from Orion Mine Finance Group in exchange for $675 million cash and the issuance of 30,906,594 shares of the Corporation.

Following the acquisition, Osisko now holds a total of 131 royalties, streams and precious metal offtakes, including its cornerstone 5% net smelter return („NSR”) royalty on the world class and long-life Canadian Malartic gold mine (Canada’s largest producing gold mine) and a 2% to 3.5% NSR royalty on the world class Éléonore gold mine. In addition, the Corporation acquired a 9.6% diamond stream on the Renard diamond mine and a 4% gold and silver stream on the Brucejack gold and silver mine, all of which are new high-quality mines in Canada, in addition to a 100% silver stream on the Mantos Blancos copper mine in Chile.

Sean Roosen, Chair of the Board of Directors and Chief Executive Officer, commented on the closing of the transaction: „We are excited to acquire Orion’s portfolio of high quality assets, which position Osisko as the leading growth royalty company in the precious metals sector”.

Funding for Transaction

In addition to the shares issued to Orion, the Corporation completed a private placement totaling $275 million dollars with the Caisse de dépôt et placement du Québec („La Caisse”) ($200 million) and the Fonds de solidarité FTQ („the Fonds”) ($75 million) at a price of $14.56 per share. The Corporation has also issued 385,457 shares as part of the capital commitment fee.

The Corporation has also drawn US$118 million under its acquisition credit line from National Bank of Canada and Bank of Montreal.

The remaining cash component was drawn from the Corporation’s cash resources. It is estimated that Osisko has approximately $100 million in its treasury following the completion of the transaction.

Share Ownership

„We are pleased to welcome Orion Mine Finance as a new 19.7% shareholder, and we appreciate the confidence received from two Québec based long term shareholders, La Caisse and the Fonds, that are increasing their position to 12.1% and 5.5% respectively” commented Mr. Roosen.

Following the completion of the transaction, Osisko has 156,964,269 shares outstanding.

Board Appointment

In accordance with the acquisition agreement, Mr. Oskar Lewnowski, Founder and Chief Investment Officer of Orion Mine Finance has been appointed to Osisko’s Board of Directors. Mr. Lewnowski is a highly experienced mining financier with previous experience with private equity funds and investment banking firms.

La Caisse has also the right to nominate a member to the Board of Directors. It is anticipated that they will exercise this right during the third quarter.

Advisors

Mr. Sean Roosen also noted: „We would like to acknowledge the outstanding efforts of the Osisko and Orion Teams and their respective advisors to complete this major transaction”.

Osisko’s lead financial advisor is Maxit Capital LP, with BMO Capital Markets, National Bank Financial and PricewaterhouseCoopers acting as financial advisors. Legal counsel are Bennett Jones LLP and Lavery de Billy LLP in Canada, and Paul, Weiss, Rifkind, Wharton & Garrison LLP in the United States.

Orion’s financial advisors are CIBC World Markets Inc. and Haywood Securities Inc. and their legal counsel is Fasken Martineau DuMoulin LLP.

About Osisko Gold Royalties Ltd

Osisko Gold Royalties Ltd is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. Following the Acquisition of the Orion Portfolio, it now holds a North American focused portfolio over 130 royalties, streams and precious metal offtakes. Osisko’s portfolio is anchored by five cornerstone assets, including a 5% NSR royalty on the Canadian Malartic Mine, which is the largest gold mine in Canada. Osisko also owns a portfolio of publicly held resource companies, including a 15.3% interest in Osisko Mining Inc., 14.7% in Osisko Metals Ltd., 13.3% in Falco Resources Ltd. and 33.4% in Barkerville Gold Mines Ltd.

Osisko’s head office is located at 1100 Avenue des Canadiens-de-Montréal, Suite 300, Montréal, Québec, H3B 2S2. For more information, visit www.osiskogr.com.

Forward-looking statements

Certain statements contained in this press release may be deemed „forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws. These forward-looking statements, by their nature, require Osisko to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Forward-looking statements are not guarantees of performance. These forward-looking statements, may involve, but are not limited to, comments with respect to the directors and officers of Osisko, the performance of the assets of Osisko, the realization of the anticipated benefits deriving from Osisko’s acquisition of the Orion Portfolio. Words such as „may”, „will”, „would”, „could”, „expect”, „believe”, „plan”, „anticipate”, „intend”, „estimate”, „continue”, or the negative or comparable terminology, as well as terms usually used in the future and the conditional, are intended to identify forward-looking statements. Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management’s perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. Osisko considers its assumptions to be reasonable based on information currently available, but cautions the reader that their assumptions regarding future events, many of which are beyond the control of Osisko, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect Osisko and its business.

For additional information with respect to these and other factors and assumptions underlying the forward-looking statements made in this press release, see the section entitled „Risk Factors” in the most recent Annual Information Form of Osisko which is filed with the Canadian securities commissions and available electronically under Osisko’s issuer profile on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission and available electronically under Osisko’s issuer profile on EDGAR at www.sec.gov. The forward-looking information set forth herein reflects Osisko’s expectations as at the date of this press release and is subject to change after such date. Osisko disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by law.

Osisko clôture l’acquisition du portefeuille de redevances d’Orion

31 juil. 2017 19h28 HE

MONTRÉAL, QUÉBEC–(Marketwired – 31 juillet 2017) – Redevances Aurifères Osisko Ltée (TSX:OR)(NYSE:OR) (la « Société » ou « Osisko ») est heureuse d’annoncer qu’elle a clôturé avec succès l’acquisition antérieurement annoncée (l’« acquisition ») d’un portefeuille d’actifs de métaux précieux de grande qualité qui se compose de 74 redevances, flux de métaux et ententes d’écoulement de métaux précieux (le « portefeuille d’Orion ») auprès d’Orion Mine Finance Group en contrepartie d’une somme en espèces de 675 millions de dollars et de l’émission de 30 906 594 actions ordinaires de la Société.

À la suite de l’acquisition, Osisko détient maintenant un total de 131 redevances, flux de métaux et ententes d’écoulement de métaux précieux, y compris sa redevance phare de 5 % en rendement net de fonderie (« NSR ») sur la mine aurifère de calibre mondial et à longue durée de vie Canadian Malartic (la plus importante mine d’or canadienne quant à la production) et la redevance de 2,0 % à 3,5 % NSR sur la mine aurifère de calibre mondial Éléonore. En outre, la Société a fait l’acquisition d’un flux diamantifère de 9,6 % sur la mine Renard et d’un flux aurifère et argentifère de 4,0 % sur la mine Brucejack, de nouvelles mines de grande qualité situées au Canada, en plus d’un flux argentifère de 100 % issu de l’importante mine de cuivre Mantos Blancos, située au Chili.

M. Sean Roosen, président du conseil d’administration et chef de la direction, a déclaré ce qui suit à la clôture de l’opération : « Nous sommes heureux de faire l’acquisition du portefeuille d’actifs de grande qualité d’Orion, ce qui positionne Osisko comme la société de redevances en croissance de premier plan dans le secteur des métaux précieux. »

Financement de l’opération

En plus des actions émises à Orion, la Société a réalisé un placement privé totalisant 275 millions de dollars avec la Caisse de dépôt et placement du Québec (« La Caisse ») (200 millions de dollars) et le Fonds de solidarité FTQ (le « Fonds ») (75 millions de dollars) au prix de 14,56 $ par action. La Société a également émis 385 457 actions dans le cadre d’un paiement d’engagement de capital.

La Société a également prélevé une somme de 118 millions de dollars US sur sa ligne de crédit relative à l’acquisition auprès de la Banque Nationale du Canada et de la Banque de Montréal.

La tranche en espèces restante a été prélevée des ressources de trésorerie de la Société. Après la réalisation de l’opération, on estime que l’encaisse d’Osisko s’élève à environ 100 millions de dollars.

Propriété d’actions

« Nous sommes heureux d’accueillir Orion Mine Finance à titre de nouvel actionnaire à 19,7 %, et nous apprécions la confiance accordée par deux actionnaires de longue date situés au Québec, soit La Caisse et le Fonds, qui ont respectivement augmenté leur position à 12,1 % et à 5,5 % » a déclaré M. Roosen.

Après la réalisation de l’opération, Osisko a 156 964 269 actions en circulation.

Nomination au conseil

Conformément à la convention d’acquisition, M. Oskar Lewnowski, fondateur et chef des placements d’Orion Mine Finance, a été nommé au conseil d’administration d’Osisko. M. Lewnowski est un financier qui possède une vaste expérience dans le domaine du financement minier et avec les fonds de capital d’investissement privé et les banques d’investissement.

La Caisse a également le droit de nommer un membre pour siéger au conseil d’administration. La Caisse devrait exercer ce droit au cours du troisième trimestre.

Conseillers

M. Sean Roosen a également déclaré : « Nous tenons à remercier les équipes d’Osisko et d’Orion, ainsi que leurs conseillers respectifs, pour tous les efforts qu’ils ont déployés dans la réalisation de cette importante transaction. »

Maxit Capital LP est le principal conseiller financier d’Osisko, avec BMO Marchés des capitaux, Financière Banque Nationale et PricewaterhouseCoopers agissant à titre de conseillers financiers. Les conseillers juridiques sont Bennett Jones LLP et Lavery de Billy, S.E.N.C.R.L., au Canada, et Paul, Weiss, Rifkind, Wharton & Garrison LLP, aux États-Unis.

Les conseillers financiers d’Orion sont Marchés mondiaux CIBC Inc. et Valeurs mobilières Haywood Inc., et leur conseiller juridique est Fasken Martineau DuMoulin, S.E.N.C.R.L., s.r.l.

À propos de Redevances Aurifères Osisko Ltée

Redevances Aurifères Osisko Ltée est une société de redevances intermédiaire de métaux précieux axée sur les Amériques ayant débuté ses activités en juin 2014. Après l’acquisition du portefeuille d’Orion, elle détient maintenant un portefeuille concentré en Amérique du Nord qui se compose de plus de 130 redevances, flux de métaux et conventions d’achat de la production de métaux précieux. Le portefeuille d’Osisko se compose de cinq principaux actifs, y compris une redevance de 5 % NSR sur la mine Canadian Malartic, laquelle est la plus importante mine aurifère au Canada. Osisko détient également un portefeuille de participations dans des sociétés de ressources publiques, incluant des participations de 15,3 % dans Minière Osisko inc., de 14,7 % dans Osisko Metals Ltd., de 13,3 % dans Falco Ressources Ltd. et de 33,4 % dans Barkerville Gold Mines Ltd.

Le siège social d’Osisko est situé au 1100, avenue des Canadiens-de-Montréal, bureau 300, Montréal (Québec) H3B 2S2. Pour plus d’information, visitez le www.osiskogr.com.

Énoncés prospectifs

Certains énoncés contenus dans le présent communiqué peuvent être considérés comme des « énoncés prospectifs » au sens des lois sur les valeurs mobilières applicables du Canada et des États-Unis. Compte tenu de leur nature, ces énoncés prospectifs obligent Osisko à poser certaines hypothèses et comportent nécessairement des risques connus et inconnus ainsi que des incertitudes qui pourraient faire en sorte que les résultats réels diffèrent sensiblement des résultats prévus ou attendus. Les énoncés prospectifs ne comportent aucune garantie de performance. Ces énoncés prospectifs peuvent notamment comprendre des commentaires liés aux administrateurs et dirigeants d’Osisko, au rendement des actifs d’Osisko et à la réalisation des bénéfices prévus découlant de l’acquisition par Osisko du portefeuille d’Orion. Des mots tels que « peut », « serait de nature à », « sera », « serait », « pourrait », « s’attend à », « croit », « prévoit », « anticipe », « à l’intention de », « évalue », « estime », « continue », ou leur forme négative ou toute autre terminologie semblable, ainsi que les termes habituellement utilisés au futur et au conditionnel, identifient des énoncés prospectifs. L’information contenue dans les énoncés prospectifs est fondée sur des hypothèses importantes ayant permis de tirer une conclusion ou d’effectuer une prévision ou une projection, incluant les perceptions de la direction des tendances historiques, des conditions actuelles et de l’évolution future prévue ainsi que d’autres facteurs considérés comme appropriés dans les circonstances. Osisko considère que ses hypothèses sont raisonnables compte tenu de l’information disponible, mais elle avertit le lecteur que ses hypothèses à l’égard d’événements futurs dont plusieurs échappent à son contrôle, pourraient se révéler inexactes puisqu’elles sont soumises à des risques et à des incertitudes qui touchent Osisko et ses activités.

Pour plus de détails au sujet de ces facteurs et hypothèses ainsi que des autres facteurs et hypothèses qui sous-tendent les énoncés prospectifs présentés dans le présent communiqué, se reporter à la rubrique « Facteurs de risque » de la dernière notice annuelle d’Osisko, déposée auprès des commissions en valeurs mobilières canadiennes et disponible en version électronique sous le profil de l’émetteur d’Osisko dans SEDAR, au www.sedar.com, et déposée auprès de la Securities and Exchange Commission des États-Unis et disponible en version électronique sous le profil de l’émetteur d’Osisko dans EDGAR, au www.sec.gov. L’information prospective présentée dans le présent communiqué reflète les attentes d’Osisko au moment de l’émission du présent communiqué et pourrait changer après cette date. Osisko décline toute intention ou obligation de mettre à jour ou de réviser tout énoncé prospectif, que ce soit à la suite de la réception de nouveaux renseignements, de la survenance d’événements futurs ou autrement, à l’exception de ce qui est exigé par la loi.

Paralyzed Veterans of America Challenges Administration Rollback of Protections for Disabled Air Travelers

Lawsuit Filed After Administration Delays Rule Intended to Hold Airlines Accountable for Losing, Damaging Wheelchairs

WASHINGTON, July 31, 2017 /PRNewswire-USNewswire/ -- Paralyzed Veterans of America (Paralyzed Veterans) today filed suit against the U.S. Department of Transportation (DOT) for abruptly rolling back a rule intended to make airline travel safer and easier for passengers with disabilities. The rule, which requires domestic airlines to track and report data on lost and damaged wheelchairs and scooters, was delayed by the Administration without seeking input from people with disabilities.

"Too often, Paralyzed Veterans of America hears reports on how disabled veterans are reluctant to board planes, fearing their wheelchairs will be damaged or get lost during transport," said Paralyzed Veterans of America National President David Zurfluh. "Wheelchairs are not a luxury. It's just like having your legs end up in one city when you land in another, if you can imagine that. Wheelchairs replace functionality and provide independence. Having your only means of leaving the plane get lost or damaged is demoralizing. It is a significant issue for all travelers with mobility limitations, and one Paralyzed Veterans of America will not relent on until it's fixed. Persons with disabilities don't pay lesser costs for travel, so their experience should be as dignified and as comfortable as everyone else's. This is especially true for those whose missing limbs and paralysis were the result of military service."

DOT originally published the rule in November 2016, following a five-year rulemaking process that included input from air travelers, consumer and disability advocacy groups, and airlines. The rule was scheduled for implementation in January 2018. In March 2017, DOT abruptly delayed the rule's implementation date by one year, until January 2019, without providing the public any notice or opportunity to comment, in violation of the Administrative Procedure Act. DOT claimed the delay was necessary due to implementation "challenges" faced by the airline industry. However, the only evidence of these challenges DOT presented was a single email the agency received from the airline industry.

Since DOT's decision, Paralyzed Veterans of America has informed Administration officials and members of Congress about how the rule's delay will hurt people with disabilities and asked that DOT allow these critical protections to move forward.

Together with the complaint, Paralyzed Veterans of America filed a motion to reinstate the rule's original effective date.

The case will be filed on July 31, 2017 at 6:00 p.m. in the United States District Court for the District of Columbia.

About Paralyzed Veterans
Paralyzed Veterans of America is the only congressionally chartered veterans service organization dedicated solely for the benefit and representation of veterans with spinal cord injury or disease. For more than 70 years, we have ensured that veterans have received the benefits earned through their service to our nation; monitored their care in VA spinal cord injury units; and funded research and education in the search for a cure and improved care for individuals with paralysis.

As a partner for life, Paralyzed Veterans also develops training and career services, works to ensure accessibility in public buildings and spaces, provides health and rehabilitation opportunities through sports and recreation and advocates for veterans and all people with disabilities. With more than 70 offices and 33 chapters, Paralyzed Veterans serves veterans, their families and their caregivers in all 50 states, the District of Columbia and Puerto Rico (pva.org).

View original content:http://www.prnewswire.com/news-releases/paralyzed-veterans-of-america-challenges-administration-rollback-of-protections-for-disabled-air-travelers-300496976.html

SOURCE Paralyzed Veterans of America

Global Elevator & Escalator Market: Industry Analysis & Outlook (2017-2021) – Higher Focus on Energy Conservation and Sustainability – Research and Markets

DUBLIN–(BUSINESS WIRE)–The „Global Elevator & Escalator Market: Industry Analysis & Outlook (2017-2021)” report has been added to Research and Markets’ offering.

The global E&E market comprises three main segments namely new equipment, modernization and maintenance. The factors such as growing urbanization, increased old-age population, aging E&E installed base and codes & regulations are expected to drive market growth. However, the growth of respective industry is challenged by high price of E&E equipment, lack of skilled workforce and safety issues.

There are a small number of major players in E&E industry but innovation and technology is at the center of it. Energy conservation is a major trend of the industry. Hydraulic lifts are being replaced with more technologically advanced, energy efficient, space saving and environmental friendly lifts, such as MRL (machine room less elevators).

The report provides a comprehensive study of global elevator and escalator market and also major regional markets. Furthermore, market dynamics such as key trends and development; and challenges are analyzed in depth. The global elevator and escalator industry is highly competitive consisting of several large enterprises including the United Technologies Corporation, Kone Corporation, ThyssenKrupp and Schindler Holdings Ltd. The competitive landscape of the respective market, along with the company profiles of the leading players are also discussed in detail.

Companies Mentioned

  • KONE Oyj
  • Schindler Holding AG
  • ThyssenKrupp AG
  • United Technologies Corp

Key Topics Covered:

1. Overview

2. Global Elevator & Escalator Market

3. Regional Markets

4. Smart Elevators Market

5. Market Dynamics

For more information about this report visit https://www.researchandmarkets.com/research/5sdhm9/global_elevator

Global Baby Food Market: Analysis By Type, Product Type, Region & Country: Opportunities and Forecast (2017-2022) – Research and Markets

DUBLIN–(BUSINESS WIRE)–The „Global Baby Food Market: Analysis By Type, By Product Type, By Region, By Country: Opportunities and Forecast (2017-2022) „ report has been added to Research and Markets’ offering.

The global baby food market is anticipated to exhibit a healthy growth of over 7.01% during 2017-2022, chiefly driven by rising women employment, mounting population growth, decline in infant death rates, and increasing awareness among parents about infant nutrition in the emerging regions.

Over the next five years, demand and growth for natural-based, organic/prebiotic/probiotic based and customized variants of infant formulas and baby foods is projected to display the maximum advancement owing to increasing awareness among parents of infant nutrition. Growing number of women entering workforce and rising disposable income especially in the emerging nations of Asia Pacific, like India and China is expected to further propel the market for baby foods.

Regions accounting for major share of baby foods in 2016 as well as forecasted to gain major share in 2022 are Asia-Pacific, North America and Middle-East. Factors driving growth are humongous population, elevated disposable incomes, lifestyle and perceptive changes towards indulgence and the demand for niche and premiumized retail goods. Other factors backing the Global Baby Food Market is the existence of large baby food companies offering numerous varieties of baby food at competitive prices and innovative packaging, their synergical investments and R&D initiatives inclining to propel the market.

Companies Mentioned

  • Abbott
  • Danone
  • Hain Celestial
  • Hipp Organic
  • Holle GMBH
  • Krafts Heinz
  • Little Freddie Organic Baby Food
  • Nestle
  • SMA Nutrition Milk Formula
  • The Honest Co.
  • Topfer

Key Topics Covered:

1. Research Methodology

2. Executive Summary

3. Strategic Recommendation

4. Global Baby Food Market: An Overview

5. Global Baby Food Market: Growth and Forecast

6. North America Baby Food Market: Growth and Forecast

7. North America Baby Food Market: Country Analysis

8. Europe Baby Food Market: Growth and Forecast

9. Europe Baby Food Market: Country Analysis

10. Asia-Pacific Baby Food Market: Growth and Forecast

11. Middle East Baby Food Market: Growth and Forecast

12. ROW Baby Food Market: Growth and Forecast

13. Market Drivers

14. Baby Food Market Trends

15. Porter’s Five Forces Analysis

16. SWOT Analysis Baby Food Market

17. Policy and Regulatory Landscape

18. Competitive Landscape

19. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/nj7nvn/global_baby_food

Global Fatty Liver Disease Drugs Market By Type, Stages of ALD and NAFLD, Region & Country: Opportunities and Forecast (2017-2022) – Research and Markets

DUBLIN–(BUSINESS WIRE)–The „Global Fatty Liver Disease Drugs Market By Type (ALD, NAFLD), By Stages of ALD and NAFLD, By Region, By Country: Opportunities and Forecast (2017-2022) „ report has been added to Research and Markets’ offering.

The global market is projected to display a robust growth represented by a CAGR of 22.67% during 2017-2022, chiefly driven by rising prevalence of obesity, diabetes and hypertension, rising clinical trials in Asian countries, heavy investments by government of different countries in their health care sector, rising research in developing the different health care machines and methodology for the detection of alcohol and non-alcohol steatosis at its early stage.

Over the recent years, the global fatty liver disease incidence has been growing rapidly with increase in prevalence of obesity, type II diabetes along with rising consumption of alcohol. Globally, the growth in the fatty liver disease market is driven by rising awareness among people by government organizations and private companies, heavy investments by pharmaceutical companies for the development of drugs along with launch of drugs for NASH in the forecasted period.

Companies Mentioned

  • Allergan
  • Astra Zenca
  • Conatus
  • Gilead Sciences
  • Immuron
  • Intercept Pharmaceuticals
  • Novartis
  • Pfizer
  • Takeda

Key Topics Covered:

1. Research Methodology

2. Executive Summary

3. Strategic Recommendation

4. Fatty Liver Market Outlook

5. Global Fatty Liver Disease Market: Growth and Forecast

6. Global Fatty Liver Disease – Analysis By Type

7. Global Alcoholic Fatty Liver Disease Market – Analysis By Stages

8. Global Non Alcoholic Fatty Liver Disease Market- Analysis By Stages

9. Global Alcoholic Fatty Liver Disease Market – Analysis By Drugs

10. Global Non Alcoholic Fatty Liver Disease Market -By Drugs

11. Global Fatty Liver Disease Market – Pipeline Analysis (By developer, Phase and indication)

12. Global Fatty Liver Disease Market – Regional Analysis

13. North America Fatty liver Disease Market- An Analysis

14. North America Fatty Liver Disease Market -By Country Analysis

15. Asia Pacific Fatty liver Disease Market – An Analysis

16. Asia Pacific Fatty Liver Disease Market – By Country Analysis

17. Europe Pacific Fatty liver Disease Market- An Analysis

18. Europe Fatty Liver Disease Market – By Country Analysis

19. Rest of World Fatty liver Disease Market- An Analysis

20. Rest of World Fatty Liver Disease Market – By Country Analysis

21. Market Dynamics

22. Market Trends

23. Policy and Regulations

24. Porter Five Force

25. SWOT Analysis

26. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/f2skbj/global_fatty

Global Vascular Access Device Market (2017-2022): Driven by Increasing Number of Patients with Chronic Diseases – Research and Markets

DUBLIN–(BUSINESS WIRE)–The „Global Vascular Access Device Market: Analysis By Type, By Mode of Insertion, By Region, By Country: Opportunities and Forecast (2012-2022)” report has been added to Research and Markets’ offering.

The global market is projected to display a modest growth represented by a CAGR of 5.51% during 2017-2022, chiefly driven by increasing number of patients with chronic diseases, rising geriatric population, rapidly growing medical tourism industry as well as increasing per capita expenditure on healthcare.

The segment of peripherally inserted central catheter has developed at a noteworthy rate since its institution in the medical industry. Amongst the regions, North America accounts for the largest regional share in the Global Vascular Access Device market in 2016. However, Asia Pacific is projected to progress at the highest rate, mainly driven by increase in per capita expenditure on healthcare coupled with growing medical tourism industry in countries such as China and India.

In the recent years, medical device manufacturers such as C.R. Bard, B. Braun Melsungen AG, Cook Medical Inc., Teleflex, Inc., Baxter International and Medtronic, Inc. amongst others, have dedicated themselves in developing vascular access devices that can provide low risk of infection & further complications as well as ensure maximum comfort to the patients.

The segment of peripherally inserted central catheter has developed at a noteworthy pace since its introduction in the market. Amongst the regions, North America accounts for the largest regional share in the Global Vascular Access Device market in 2016. Nevertheless, Asia Pacific is projected to progress at the highest rate, mainly driven by increase in healthcare expenditure, growing prevalence of chronic ailments as well as ongoing developments in the medical infrastructures.

Companies Mentioned

  • Argon Medical Devices
  • B.Braun Melsungen AG
  • BD Medical Technology
  • Baxter International
  • C.R. Bard
  • Cook Medical Inc.
  • Fresenius Medical Care
  • Medcomp
  • Medtronic Inc.
  • Teleflex Inc.

Key Topics Covered:

1. Research Methodology

2. Executive Summary

3. Strategic Recommendation

4. Vascular Access Device Outlook

5. Global Vascular Access Device Market: Growth and Forecast

6. Global Vascular Access Device Market – Segment Analysis

7. Global Vascular Access Device Market – Regional Analysis

8. Global Vascular Access Device Market Dynamics

9. Market Trends

10. Porter’s Five Force Analysis

11. SWOT Analysis

12. Supply Chain Analysis

13. Pricing Analysis

14. Competitive Landscape

15. Policy and Regulatory Landscape

16. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/gn9pzz/global_vascular