Latest news with #DavidOConnor
Globe and Mail
16-07-2025
- Business
- Globe and Mail
Why Arm Holdings Stock Was Moving Higher Today
Key Points BNP Paribas upgraded its rating on Arm Holdings. The bank sees it benefiting from a push into custom chips. The stock remains expensive, but its future is promising. 10 stocks we like better than Arm Holdings › Shares of Arm Holdings (NASDAQ: ARM) were climbing today as one Wall Street analyst took a brighter view of the company. In a note this morning, BNP Paribas raised its rating on the CPU architecture specialist from neutral to outperform, and lifted its price target from $110 all the way up to $210. As a result, the stock was up 4.2% as of 1:11 p.m. ET. Arm moves into ASICs The bank upgraded the stock as analyst David O'Connor said that its new ASIC (application-specific integrated circuit) business, which refers to custom chips, could double the company's operating profit, even if it only captured 7% of the addressable market. O'Connor also said that there's still "significant upside" in the stock, as the ASIC product line is not being fully valued. By nearly doubling the price target on Arm, the analyst is giving the stock an implied upside of 40%. Arm is moving further into custom chips, scoring Meta Platforms as its first major customer in February. The move represents a shift from the company's historical business model of licensing its architecture designs, but it also exposes it to a large market, and investors have priced in growth as the company trades at a high valuation. Can Arm keep climbing? Arm stock is expensive, trading at a price-to-sales ratio of 38, but the stock deserves a premium. Not only is it delivering strong growth and impressive margins, but it has a resilient business model of licensing its battery-efficient CPU technology, which has given the company a competitive advantage in markets like smartphones and, increasingly, data centers. Additionally, its combination of revenue streams from licensing and royalties also ensures it has a long pipeline of revenue. The business is in great shape, though Arm's growth will be tested by its valuation. Should you invest $1,000 in Arm Holdings right now? Before you buy stock in Arm Holdings, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Arm Holdings wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $679,653!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,046,308!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025
The Independent
07-07-2025
- Business
- The Independent
Unison members accept two-year council pay deal
Members of the trade union Unison have voted to accept a two-year pay deal. Cosla offered staff an increase of 4% this year and 3.5% next year, with 83% of Unison members voting in a ballot to accept the offer. Unison Scotland's local government committee chairwoman Suzanne Gens said: 'This pay deal is a crucial step in turning round cuts to council staff pay. 'It gives local government workers some financial security now they know their pay will be higher than inflation over the next couple of years. 'This has only been achieved because of the determination of council workers to demand better.' The union's co-lead for local government David O'Connor said there was 'no room for complacency', despite the offer being accepted. 'Local government has suffered over a decade of cuts,' he added. 'This pay deal shows what can be done when people stand together. Our campaign to protect council services continues.' Scottish Finance Secretary Shona Robison welcomed the news, urging other unions to also accept the offer. 'I am delighted that Unison members have voted to accept this improved pay offer, which will see valued local government workers receive pay increases of 4% in 2025-26 and 3.5% in 2026-27,' she said. 'Although the Scottish Government has no formal role in local government pay negotiations, we recognise the importance of an agreement being reached by Cosla – as the employer – and trade unions. 'I would urge members of Unite and GMB to join Unison members in recognising the clear benefit of this offer so that all workers can get the pay they deserve without delay.'
The Independent
13-06-2025
- Politics
- The Independent
Council workers to be balloted on new pay offer amid threat of strikes
Council staff are to be balloted on whether to accept a new two-year pay offer. Unison Scotland said Cosla has offered local government workers 4% this year and 3.5% next year. The union said it will recommend staff accept the offer. Unison, which represents 80,000 workers across Scotland's 32 councils, began balloting members on strike action last month after local authority staff were offered a 3% pay rise. The union said the ballot amounted to the biggest vote of its kind in years and was held after 92% of members indicated they would support industrial action. [xdelx] Unison Scotland's head of local government, David O'Connor, said: 'The threat of possible strikes by council employees has forced Cosla back to the table. 'But it should not have taken the possibility of staff walkouts closing services to get Cosla and the Scottish Government to listen to the workforce. 'Local authority workers were due a pay rise in April. Despite the delay, this is a sensible offer. 'The union will be putting the new amount to council staff over next few weeks, recommending that they accept.' Cosla has been approached for comment.
CBS News
23-05-2025
- General
- CBS News
Why the Army feels safe resuming use of horse-drawn funeral carriages at Arlington National Cemetery
Arlington, Virginia — Soldiers of the U.S. Army's Old Guard are taking on intensive drills as they prepare to resume next month their sacred and solemn duty of using horse-drawn caissons, or carriages, for servicemembers being laid to rest at Arlington National Cemetery. These horse-drawn funerals were suspended by the Army in May 2023 following the deaths of two of the horses within a 96-hour period back in February 2022, prompting an Army investigation. As CBS News previously reported, other horses pulling the caissons were also suffering painful muscle and tendon injuries. At the time, the Army said that 27 Arlington horses were sent to multiple rehabilitation facilities, and the horses were replaced with hearses. The horses were performing up to eight funerals a day, in all weather, and pulling wagons that weighed more than a ton. Most of those horses are retired now, replaced by dozens of new ones. But Army commanders knew they needed professional help to bring the caissons back. So, they called in equestrian David O'Connor, an Olympic gold medalist with the U.S. Equestrian Federation. "The commanding general gets up there and he goes, 'OK, I would like for all of you guys to realize that we do not know what we're talking about,'" O'Connor recounted to CBS News. "I thought it was the greatest opening line I've ever heard. That humility was surprising to me: 'We're in serious trouble. We need to really look at this whole thing.'" According to Lt. Col. Jason Crawford, a veterinarian and the new commander of the Caisson Detachment, much of the issue centered around education. "Once we brought the right experts in, I think everyone then starts having the aha moment," Crawford said. "Like, we didn't know the horses were kind of working too much." Starting in June, two squads of 11 horses will perform two services a day for a total of about 10 funerals per week. Before the pause, some of the horses were working 45 days straight when they were supposed to get two weeks rest after 14 days of work. And it isn't just the welfare of the animals that is a focus, but the equipment. The old caisson weighed about 2,600 pounds. The new one is more than 1,000 pounds lighter. There has also been extensive training for unit personnel. Staff Sgt. Isaac Melton, a squad leader, told CBS News he didn't grow up riding horses, and says the first time he even came in contact with one was when he began training 15 months ago. He says that training has averaged about "eight to 10 hours a day." Melton says "perfection" will be going through his mind on day one of the program's return. Sgt. Daimien Copeland was part of the program before it was suspended. "Something inside your chest, let's you just feel — you're proud, you're nervous, you're excited," Copeland said of his feelings of resuming horse-drawn caissons. "You know, you're honored to be able to be the one that's saying, 'I'm helping bring this back to the cemetery to those service members and their families.'" Charlie D'Agata Charlie D'Agata is CBS News' senior national security correspondent. He was previously a senior foreign correspondent and has spent more than two decades covering international news for CBS. contributed to this report.
