Latest news with #Schaumburg
Yahoo
4 days ago
- Business
- Yahoo
Raja Krishnamoorthi first up on TV in the Illinois US Senate race to succeed Dick Durbin
U.S. Rep. Raja Krishnamoorthi is the first contender to launch TV ads in the race to succeed U.S. Sen. Dick Durbin, with the five-term congressman billing himself as an 'underdog' who has a history of fighting bullies and singling out President Donald Trump as the biggest. 'Growing up with a name and a background like mine, I always felt like an underdog and I still do,' the Democrat from Schaumburg who moved from New Delhi, India, when he was 3 months old and was raised in Peoria, says in the ad. 'As your senator, I'll take on the biggest bully of them all. Because underdogs? We just fight harder,' he says. 'I'm Raja Krishnamoorthi, and I approve this message because bullies like Trump can call us names, but you can just call me Raja,' he says at the end of the ad, reiterating a campaign slogan Krishnamoorthi has used for years. The campaign said it was putting $500,000 behind the 30-second spot for one week alone in airing it statewide on broadcast and streaming services. It also was the start of a sustained TV presence leading up to the March 17 Democratic primary, his campaign said. Krishnamoorthi is joined in the Democratic U.S. Senate primary by Lt. Gov. Juliana Stratton and U.S. Rep. Robin Kelly of Matteson. While billionaire Gov. JB Pritzker is backing Stratton, Krishnamoorthi has been a prolific fundraiser since entering Congress in 2017, which is reflected by the early ad buy. Since the first of the year, Krishnamoorthi has raised more than $6 million, including more than $3.1 million from April through June. And his campaign said he entered July with more than $21 million in available cash. Federal candidates are scheduled to formally release their fundraising data for the second quarter of the year on Tuesday. Stratton, who announced she would not accept corporate political action committee funding, has said she would report raising more than $1 million in the second quarter. Kelly had $2 million in her federal account at the end of the first quarter of the year. Krishnamoorthi's ad is interspersed with various television news clips of his early Senate campaign, including a statewide tour to criticize Trump's imposition of trade tariffs on imports and Krishnamoorthi vowing to protect Social Security and Medicaid against administration cuts. On Friday, Krishnamoorthi and his rivals for the Senate nomination are scheduled to appear before Cook County Democratic ward and township committee members to seek the county party's endorsement.
Yahoo
01-07-2025
- Business
- Yahoo
Convergint Earns U.S. News & World Report's 2025-2026 'Best Company to Work For' Recognition
For the second consecutive year, Convergint has been named a 'Best Company to Work For' by U.S. News SCHAUMBURG, Ill., July 01, 2025--(BUSINESS WIRE)--Convergint, a global systems integrator, has been named a U.S. News & World Report 2025-2026 "Best Company to Work For," earning recognition in the Real Estate and Facilities Management category. Convergint has received this recognition from U.S. News for a second year in a row, a reflection of the company's long-standing Values & Beliefs and the role colleagues play in powering its positive culture. This year's award was based on U.S. News' independent review of nearly 1,100 privately held companies and non-profit organizations across the United States. The evaluation draws from publicly available information to assess how organizations prioritize and support employee experience. "Being named a 'Best Company to Work For' for two years in a row is a testament to the strong vision, values, and culture that have been integral to the foundation of Convergint since day one," said Ann Fandozzi, CEO, Convergint. "Our colleagues are the backbone of Convergint's success, and we're deeply invested in creating a workplace where everyone feels supported, inspired, and genuinely valued." To determine the best workplaces, U.S. News' editorial team analyzed employee perceptions across six factors that are important to employee well-being: quality of pay and benefits, work-life balance and flexibility, job and company stability, physical and psychological comfort, belongingness and esteem, and career opportunities and professional development. Only companies that landed in the top 25% of their industry and region earned a place on the list. About Convergint Convergint is a $2.6 billion global, industry-leading systems integrator that designs, installs, and services electronic security, cybersecurity, fire and life safety, building automation, and audio-visual systems. Listed as the #1 systems integrator in SDM Magazine's Top Systems Integrators Report for the past 6 years and a U.S. News & World Report 'Best Company to Work For,' Convergint leads with over 10,000 colleagues and more than 220 locations worldwide. To learn more about Convergint, visit View source version on Contacts Media Contact Convergint PRConvergint@ 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
Yahoo
30-06-2025
- Business
- Yahoo
Ascent Industries Co. to Divest American Stainless Tubing for $16 Million, Marking Final Step in Strategic Portfolio Realignment
SCHAUMBURG, Ill., June 23, 2025--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) ("Ascent" or the "Company"), a company focused on the production and distribution of specialty chemicals, today announced that it has entered into an Asset Purchase Agreement (the "Purchase Agreement") to sell substantially all of the assets related to American Stainless Tubing, LLC ("ASTI"), a North Carolina-based manufacturer of ornamental stainless-steel tubing, to First Tube, LLC, a wholly owned subsidiary of Triple-S Steel Holdings, Inc. a Texas-based provider of steel products and processing services, for approximately $16 million in an all-cash transaction, subject to customary closing conditions. The transaction is expected to close on June 30, 2025. ASTI is a recognized leader in the production of high-quality ornamental stainless-steel tubing, serving a wide range of attractive end markets. "The sale of ASTI, the last of our operating tubular assets, underscores our commitment to completing our pivot to a focused, high-return specialty chemicals platform" said Bryan Kitchen, President and Chief Executive Officer of Ascent. "This follows the successful divestiture of other tubular assets over the past 18 months, culminating in a sharper focus on the Company's core specialty chemical operations." "We are proud of the performance and legacy of ASTI under our ownership. The business is well-positioned for continued growth and success with First Tube, LLC., a buyer whose platform and strategy align well with ASTI's strengths and capabilities." Proceeds from the transaction will be used to support both organic and inorganic growth initiatives within Ascent's Specialty Chemicals segment, as well as for general corporate purposes. Angle Advisors acted as financial advisor and Amundsen Davis, LLC acted as legal advisor to Ascent. About Ascent Industries Co. Ascent Industries Co. (Nasdaq: ACNT) is a company that engages in the production and distribution of specialty chemicals. For more information about Ascent, please visit its website at Forward Looking Statements This press release may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable federal securities laws. All statements that are not historical facts are forward-looking statements. Forward looking statements can be identified through the use of words such as "estimate," "project," "intend," "expect," "believe," "should," "anticipate," "hope," "optimistic," "plan," "outlook," "should," "could," "may" and similar expressions. The forward-looking statements are subject to certain risks and uncertainties which could cause actual results to differ materially from historical results or those anticipated. Readers are cautioned not to place undue reliance on these forward-looking statements and to review the risks as set forth in more detail in Ascent Industries Co.'s Securities and Exchange Commission filings, including our Annual Report on Form 10-K, which filings are available from the SEC or on our website. Ascent Industries Co. assumes no obligation to update any forward-looking information included in this release. View source version on Contacts Company Contact Ryan KavalauskasChief Financial Officer1-630-884-9181 Investor Relations Ralf EsperGateway Group, Inc.1-949-574-3860ACNT@
Yahoo
30-06-2025
- Business
- Yahoo
Ascent Industries Co. Completes Sale of American Stainless Tubing, Finalizing Transformation to Pure-Play Specialty Chemicals Platform
SCHAUMBURG, Ill., June 30, 2025--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) ("Ascent" or the "Company") today announced the successful closing of the previously announced sale of American Stainless Tubing, LLC ("ASTI") to First Tube, LLC, a wholly owned subsidiary of Triple-S Steel Holdings, Inc. for $16 million in an all-cash transaction, subject to customary closing conditions. "The sale of ASTI, our final operating tubular asset, is more than a milestone — it's a defining moment in Ascent's transformation" said Bryan Kitchen, President and Chief Executive Officer of Ascent. "We are now a pure-play specialty chemicals company, fully aligned with our vision to build a scalable, high-margin chemicals platform poised for sustainable value creation. With this additional capital, we are well-positioned to reinvest in innovation, expand commercial reach, and pursue new growth opportunities that enhance returns for shareholders." We are confident that Triple-S will be an excellent steward of ASTI's strong talent and capabilities. Angle Advisors served as financial advisor and Amundsen Davis, LLC served as legal advisor to Ascent. About Ascent Industries Co. Ascent Industries Co. (Nasdaq: ACNT) is a company that engages in the production and distribution of specialty chemicals. For more information about Ascent, please visit its website at Forward Looking Statements This press release may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable federal securities laws. All statements that are not historical facts are forward-looking statements. Forward looking statements can be identified through the use of words such as "estimate," "project," "intend," "expect," "believe," "should," "anticipate," "hope," "optimistic," "plan," "outlook," "should," "could," "may" and similar expressions. The forward-looking statements are subject to certain risks and uncertainties which could cause actual results to differ materially from historical results or those anticipated. Readers are cautioned not to place undue reliance on these forward-looking statements and to review the risks as set forth in more detail in Ascent Industries Co.'s Securities and Exchange Commission filings, including our Annual Report on Form 10-K, which filings are available from the SEC or on our website. Ascent Industries Co. assumes no obligation to update any forward-looking information included in this release. View source version on Contacts Company Contact Ryan KavalauskasChief Financial Officer1-630-884-9181 Investor Relations Ralf EsperGateway Group, Inc.1-949-574-3860ACNT@ Error in retrieving data Sign in to access your portfolio Error in retrieving data
CBS News
26-06-2025
- General
- CBS News
Recreation center in Schaumburg, Illinois, closed until further notice after fire
The Meineke Recreation Center in Schaumburg, Illinois, will remain closed until further notice after a fire nearby earlier this week. A construction crew hit a gas line in the 200-block of East Weathersfield Way Monday around 11 a.m., causing a fire. The recreation center and its outdoor pool were both evacuated. The fire was contained to the construction site and no injuries were reported, village officials said. NICOR was called to the scene to shut off the gas and the road was closed for hours during the response and investigation. The Schaumburg Park District said as of Wednesday, it was still working to restore critical systems and ensure the facility is safe. The Meineke Pool at the recreation center will also remain closed until further notice. Members of the Meineke Recreation Center may use the CRC and the Schaumburg Tennis Plus facilities.
