Latest news with #Olin
Yahoo
03-07-2025
- Business
- Yahoo
A new Boston-area college president is named amid financial strain and a resignation
Olin College of Engineering, a small four-year private institution in Needham, named its third president following the resignation of its former president, according to an announcement from the college. R. May Lee, the college's new president, comes from Rensselaer Polytechnic Institute, where she was the president and chief strategy officer for institutional impact. She worked to shape and execute the institute's long-term strategic plan. 'I am incredibly honored to be chosen to lead Olin College as its next president,' May Lee said in a statement. 'I am an engineer at heart, if not by training. My career has been defined by building — whether it's organizations, strategies, products or teams. Along the way, I've immersed myself in new industries, carrying forward insights from one sector to the next and using them as fuel for innovation in each new context. I am inspired by Olin's mission and its people, and its resolute dedication to constant innovation.' She will begin on August 18. Gilda Barabino announced her resignation as the president of the top-ranked engineering college in November 2024. She had been at the institution since July 2020. An internationally recognized leader in science and engineering with a particular focus on race, ethnicity and gender, she became the first Black and female president to run the college, according to the college's website. Read more: Boston-area college president resigns amid financial turmoil Beyond working at Rensselaer Polytechnic Institute, Lee has also worked at The Seelig Group, an investment firm focused on media and technology, and was the founding dean of the School of Entrepreneurship and Management at Shanghai Tech University. During her dean position, she created the first interdisciplinary curriculum for science and engineering students, bringing in social sciences, entrepreneurship and critical thinking. She was also the vice chancellor at New York University, spearheading the development of NYU Shanghai. Lee is 'precisely the kind of strategic, community-minded leader Olin needs right now,' according to Jeannie Diefenderfer, chair of the Olin Board of Trustees. She is also described as an 'accessible and transparent leader who values shared governance and co-creation,' according to Emily Tow, professor of mechanical engineering and a member of the search committee. 'She is both a down-to-earth person whom I look forward to chatting with in the dining hall and a bold thinker who will enable our small school to achieve global impact,' Tow said. The college, founded in 1997, was funded in part by a $460 million gift from the Olin Foundation to reform engineering education, according to the college's website. It was once known for offering free tuition but that program ended in the 2010 academic year, dropping to 50%, according to The Chronicle of Higher Education. Since then, the college has been facing financial difficulties. In July 2024, the college announced it would decrease its merit scholarship from 50% of Olin's annual tuition to $10,000 per year beginning in fall 2026, according to a letter sent to the community. This was to 'safeguard Olin's long-term financial sustainability,' according to the July letter. The college's net operating losses amount to around $4 million annually, the college told MassLive in January. Read more: College presidents are leaving jobs sooner. 8 Mass. presidents say why An accreditor of the college, ABET, also signaled issues with the college's academic programs. The college described this as a resolvable matter in January. Olin's difficulties aren't necessarily unique, as smaller colleges in Massachusetts are struggling financially, as many face challenges with enrollment. More than two dozen colleges and universities in the Commonwealth closed or merged over the past decade, according to the state Department of Higher Education. Bard College at Simon's Rock in Great Barrington announced in November it would close due to declining enrollment and a competitive free public early college market. Eastern Nazarene College, a private liberal arts college in Quincy, announced in June 2024 it would close due to financial issues. There had been a series of presidential resignations in colleges and universities in 2024. Many of those were due in part to controversies about how to respond to the war in Gaza. Among them were Brandeis University's Ronald Liebowitz, Harvard University's President Claudine Gay, Liz Magill from the University of Pennsylvania and Minouche Shafik from Columbia University. Trump admin appeals federal judge's decision rejecting ban of foreign Harvard students Harvard subpoenaed in Ivy League tuition price-fixing investigation Should Harvard enter into a deal with the Trump administration? Lawsuit: MIT professor harassed Israeli researcher, Jewish student as president stood by Harvard Kennedy's backup plan for foreign students: Study online, or in Canada Read the original article on MassLive.
Fibre2Fashion
02-07-2025
- Business
- Fibre2Fashion
Olin & K2 collaboration enhances bleach distribution in Western US
Olin Corporation (NYSE: OLN) and K2 Pure Solutions are pleased to announce an expansion of their strategic partnership to strengthen bleach distribution across California and the broader Western United States. This enhanced collaboration builds on a successful foundation and is aimed at improving supply reliability, regional coverage, and service responsiveness for a wide range of customers. In addition to improving regional bleach availability, this expanded partnership is expected to significantly reduce the amount of railcar chlorine transported into the region by enabling more localized bleach production and distribution, supporting collectively broader goals of safety, environmental responsibility, and supply chain resilience. Ken Lane, President and CEO of Olin , highlighted the importance of this expanded partnership: "Olin's exclusive bleach distribution agreement expands on a successful partnership with K2's reliable, regional production. It is another proof point of Olin's long-term strategy to enhance the safe and reliable supply of this critical product to help maintain public health and safety." Olin Corporation and K2 Pure Solutions have expanded their strategic partnership to boost bleach distribution across California and the Western US. The collaboration will enhance regional supply, reduce chlorine rail transport, and support safety and sustainability goals. The move strengthens local production, supply reliability, and customer service responsiveness. David Cynamon, Co-Founder and Chairman of K2 Pure Solutions , expressed enthusiasm for the partnership, stating: "This enhanced partnership aligns with our vision to expand our reach and advance product delivery optionality. Olin brings deep market expertise and long-standing customer relationships to this partnership." Together, Olin and K2 are committed to driving innovation and excellence in bleach production and distribution, setting a new standard for industry best practices, and ensuring the highest-quality products for their customers. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (RM)
Yahoo
30-05-2025
- Business
- Yahoo
Olin's (NYSE:OLN) earnings have declined over three years, contributing to shareholders 68% loss
Investing in stocks inevitably means buying into some companies that perform poorly. But the last three years have been particularly tough on longer term Olin Corporation (NYSE:OLN) shareholders. Sadly for them, the share price is down 70% in that time. The more recent news is of little comfort, with the share price down 62% in a year. Furthermore, it's down 21% in about a quarter. That's not much fun for holders. On a more encouraging note the company has added US$69m to its market cap in just the last 7 days, so let's see if we can determine what's driven the three-year loss for shareholders. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. During the three years that the share price fell, Olin's earnings per share (EPS) dropped by 61% each year. In comparison the 33% compound annual share price decline isn't as bad as the EPS drop-off. This suggests that the market retains some optimism around long term earnings stability, despite past EPS declines. The image below shows how EPS has tracked over time (if you click on the image you can see greater detail). We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. It might be well worthwhile taking a look at our free report on Olin's earnings, revenue and cash flow. While the broader market gained around 14% in the last year, Olin shareholders lost 61% (even including dividends). Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Longer term investors wouldn't be so upset, since they would have made 10%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Consider for instance, the ever-present spectre of investment risk. We've identified 4 warning signs with Olin (at least 2 which don't sit too well with us) , and understanding them should be part of your investment process. There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
See - Sada Elbalad
21-05-2025
- Politics
- See - Sada Elbalad
Chemical Leak at Texas Plant Triggers Emergency, Evacuations
Israa Farhan Thousands of residents in southern Texas were forced to seek shelter after a dangerous chlorine gas leak occurred at an industrial facility operated by Olin Corporation, one of the largest chemical producers in the United States. The incident triggered a local emergency response, with authorities issuing immediate shelter-in-place orders to protect nearby communities. According to local police, the leak involved a Level 3 chlorine release, indicating that the toxic gas cloud had spread beyond the facility's boundaries. Initial reports suggest that several individuals inside the plant may have been affected, though these injuries have not yet been confirmed by officials. The Olin facility, where the leak occurred, is known for producing and distributing a wide range of industrial chemicals used in manufacturing plastics, detergents, and paper products. The company is also one of the country's major ammunition manufacturers. Emergency teams, including hazardous materials units, responded swiftly to contain the situation and assess the environmental impact. Local health officials are monitoring air quality and have warned residents in nearby areas to remain indoors until further notice. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies
Yahoo
19-05-2025
- Business
- Yahoo
Northcoast Research Downgrades GE Aerospace (GE) Citing Valuation, Trade Concerns
Northcoast Research on Monday downgraded GE Aerospace (NYSE:GE) to Neutral from Buy, amid concerns about the company's valuation, following a 29% surge over the past month. The stock has had impressive returns this year on the back of GE Aerospace (NYSE:GE)'s ambitious plan to invest up to $1 billion in its US facilities in 2025 to strengthen manufacturing and innovation. Investor sentiment has also been bolstered by notable high-value contracts, including a $5 billion IDIQ award from the US Air Force to support Foreign Military Sales (FMS) for the F110-GE-129 engines. A huge in-process machining center producing parts for aircraft and aerospace systems. However, analysts at Northcoast Research argue that GE Aerospace (NYSE:GE)'s rally also coincided with reducing concerns about the ongoing trade wars, a manageable import tariff impact seen for aerospace OEMs and suppliers, improved aircraft production, and press reports about positive developments in the industry. Analysts say that while there could be short-term momentum, the risk-reward profile has diminished for GE Aerospace (NYSE:GE) in the wake of recent contrasting views from Wall Street and aerospace suppliers. Chris Olin, analyst at Northcoast Research, believes ongoing trade disputes could reignite inflation and result in aircraft delivery delays. He also noted slowing domestic airline traffic, which could jeopardize GE Aerospace (NYSE:GE)'s forecasted 10% CES service sales growth. Olin stated the following in a note to clients on May 19: 'There are just too many unsolved questions surrounding the aero peer group for us to keep buy ratings in place.' While we acknowledge the potential of GE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GE and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Best Drone Stocks to Buy According to Billionaires and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
