Latest news with #REG
Hans India
30-06-2025
- Business
- Hans India
WNBA announces expansion to 18 teams with Cleveland, Detroit and Philadelphia added
New York: The Women's National Basketball Association (WNBA) announced a major expansion to 18 teams, with new teams in Cleveland, Detroit, and Philadelphia. This expansion, subject to WNBA and NBA Boards of Governors approval, marks a significant milestone in the WNBA's commitment to growing the game. The three new teams join the league's 15 existing teams, including the Golden State Valkyries, who tipped off play in May 2025, as well as the previously announced expansion markets in Toronto, Canada (2026) and Portland, Oregon (2026). The Cleveland team will begin play in 2028, followed by Detroit in 2029, and Philadelphia in 2030. As per the statement by the WNBA, each location was selected based on an analysis of market viability, committed long-term ownership groups, potential for significant local fan, corporate, media, and city and state support, arena and practice facilities, and community commitment to advancing the sport, among other factors. 'The demand for women's basketball has never been higher, and we are thrilled to welcome Cleveland, Detroit, and Philadelphia to the WNBA family,' said WNBA Commissioner Cathy Engelbert. The new WNBA team in Cleveland will be owned and operated by Rock Entertainment Group (REG), the umbrella entity that houses REG Chairman Dan Gilbert's sports and entertainment properties under the Rock Family of Companies. Dan Gilbert acquired the Cleveland Cavaliers in 2005, and under his leadership, the team has won the Central Division seven times, five Eastern Conference titles, and, most notably, the 2016 NBA Championship. 'The WNBA's return to Cleveland marks a pivotal moment for women's sports. Years from now, we will reflect on this day as a truly monumental point in Cleveland sports history,' said Rock Entertainment Group Chairman Gilbert. The Detroit WNBA ownership group is led by Tom Gores, his wife Holly, and some of the most accomplished women and men in global sports, business, entertainment, media, and finance. Gores is the owner of the Detroit Pistons. The WNBA is also making its return to Detroit, where the Shock played from 1998-2009, winning three championships. The Philadelphia WNBA Team will be owned and operated by Harris Blitzer Sports & Entertainment and join the organization's dynamic global sports portfolio. The team will be an extension of HBSE's commitment to delivering high-performing teams that strengthen the communities where they play.
Yahoo
25-06-2025
- Business
- Yahoo
Is Regency Centers Stock Outperforming the Nasdaq?
Valued at a market cap of $13 billion, Regency Centers Corporation (REG) is a leading publicly traded retail REIT. The company owns, operates, and develops high-quality shopping centers in affluent, densely populated suburban trade areas across the U.S. Companies valued at $10 billion or more are generally considered "large-cap" stocks, and Regency Centers fits this criterion perfectly. Its portfolio features top-performing grocers, restaurants, service providers, and retailers that are deeply connected to their local communities. Super Micro Computer Just Struck a Deal with Ericsson. Should You Buy SMCI Stock Here? CEO Jensen Huang Just Sold Nvidia Stock. Should You? Broadcom Just Got a New Street-High Price Target. Should You Buy AVGO Stock Here? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Shares of the Jacksonville, Florida-based company have declined 9.4% from its 52-week high of $78.18. REG stock has decreased 1.9% over the past three months, lagging behind the Nasdaq Composite's ($NASX) 9.6% rise over the same time frame. In the longer term, REG stock is down 4.2% on a YTD basis, underperforming NASX's 3.7% gain. However, shares of the shopping center REIT have increased 15.5% over the past 52 weeks, slightly exceeding NASX's over 13% return over the same time frame. Yet, the stock has fallen below its 200-day moving average since late May. Shares of Regency Centers rose marginally following its Q1 2025 results on Apr. 29. The company reported Nareit FFO of $1.15 per share, beating the consensus estimate and delivered a 4.3% year-over-year increase in Same Property NOI, with 1.4 million square feet of leases executed at an 8.1% blended cash rent spread. Additionally, occupancy remained strong at 96.5%, and Regency reaffirmed its full-year FFO guidance of $4.52 per share to $4.58 per share while highlighting its $499 million development pipeline. In comparison, Regency Centers stock has outpaced its rival Simon Property Group, Inc. (SPG). SPG stock has risen 7.5% over the past 52 weeks and dipped 7.7% on a YTD basis. Due to the stock's outperformance over the past year, analysts remain bullish on REG. The stock has a consensus rating of 'Strong Buy' from 17 analysts in coverage, and as of writing, REG is trading below the mean price target of $79.06. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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
21-05-2025
- Business
- Yahoo
Chevron announces layoffs from Ames-based renewable fuel operation
Chevron USA Inc. of Ames has announced it will be laying off 70 employees on June 18, according to Iowa's Worker Adjustment and Retraining Notification, or WARN, website. In a statement to the Des Moines Register on Tuesday, May 20, the company said it is 'taking action to simplify our operating model, execute work faster and more effectively, and position the company for long-term competitiveness.' Chevron called the layoffs 'a difficult decision and we do not make it lightly." 'We understand the impact this news may have on our employees, their families and the communities where we operate," Chevron said. "Our priority is to support our employees through this transition. We are offering severance benefits and outplacement support,' Chevron completed its $3.15 billion purchase of Renewable Energy Group in June 2022. A biodiesel and renewable diesel company based in Ames, it became the oil giant's renewable fuels headquarters. At the time of the acquisition of REG, Chevron executive Kevin Lucke, an Iowan who was named president of Chevron Renewable Energy Group, said Chevron wanted to produce about 4 million gallons of renewable fuel daily by 2030. At the time of the purchase, REG already was producing about a third of that amount. Recently, Chevron, which employs about 300 people in Ames, has seen a decline in its stock price amid a shaky oil market. It closed Tuesday at $137.33, down $1.22 for the day and $30.98 from its 2025 high on April 1. Kevin Baskins covers jobs and the economy for the Register. Reach him at kbaskins@ This article originally appeared on Des Moines Register: Chevron announces layoffs at Ames renewable fuel division Sign in to access your portfolio
Yahoo
13-05-2025
- Business
- Yahoo
Regency Centers price target lowered to $75 from $76 at Scotiabank
Scotiabank lowered the firm's price target on Regency Centers (REG) to $75 from $76 and keeps a Sector Perform rating on the shares. The firm is adjusting its estimates on U.S. Real Estate & REITs in its coverage following Q1 results, the analyst tells investors. Quarterly results contained some negative surprises, but generally played out as expected, with most companies maintaining FY25 guidance, the firm notes. Real estate fundamentals tend to lag, so many are looking to see the potential impact of the slowing economy on H2 2025 results, the firm adds. Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on REG: Disclaimer & DisclosureReport an Issue Regency Centers Declares Quarterly Dividends Post-Shareholder Meeting Regency Centers Declares Quarterly Dividends for July 2025 Regency Centers Reports Strong Q1 2025 Results Regency Centers Corp. Earnings Call Highlights Strong Growth Regency Centers: Strong Financial Performance and Growth Prospects Justify Buy Rating 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
