Tag: North

Business in North York worried about insurance after break-ins


A North York business owner says she’s constantly worried her business will be broken into after experiencing a series of break-ins within the last year.


“Since 2023, and I’ve been reading my proof of loss records, there has been seven or eight break-ins destroying the walls the windows and the doors,” said Karen Weidenfelder, the owner of Pipe Tools Supply Limited.


The business is 106 years old and has been run by Weidenfelder for the past 50 years after taking over from her father.


Weidenfelder contacted CTV News after seeing a story about Toronto police’s summit held at city hall earlier this month, as police are seeing a 40 per cent increase in break-ins in the city in the past six months.


At the summit, several business owners shared how they’re having trouble getting insurance after being broken into or expressed how they’re afraid to make any claims as their premiums will go up.


Weidenfelder thought that after more than a century in operation, her business might have to close as she was denied insurance for having too many break-and-enter claims.


“They cancelled me in January or December, and I panicked. They declined the insurance, and I thought I was done,” said Weidenfelder.


She says she often won’t make a claim since her deductible is so high, and she feels it’s not worth it.


While her daughter Candice wants to continue with the family business, Weidenfelder sometimes feels it is becoming too much work.


“You just get so turned off, and you wonder is it worth it or should you just liquidate and get out,” said Weidenfelder.


After searching for almost two months and making security upgrades, Weidenfelder was able to get insurance, but she hopes she will never

Semmel Concerts & Concerts West Present Hans Zimmer Live North American Tour 2024

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The award-winning film composer returns to perform in North America for the first time in seven years

Tickets On Sale Friday, March 22 at 10am Local Time at HansZimmerLive.com

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NEW YORK — Award-winning film composer Hans Zimmer announced he will bring his smash-hit tour Hans Zimmer Live to North America this Fall with arena dates across the United States and Canada, including a birthday show at the iconic Madison Square Garden. Following a sold-out European run, the tour marks the North American return of the “Hollywood Rebel” (according to the BBC) who rocked Coachella in 2017. With the support of his outstanding 18-piece live band and a full orchestra, audiences will be swept away from the sound of the first note and journey through an array of well-loved scores throughout Zimmer’s career. Hans Zimmer Live kicks off in Duluth, GA at the Gas South Arena on September 6 and will visit 17 cities across the U.S. and Canada, concluding at the Rogers Arena in Vancouver, BC on October 6.

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Tickets can be purchased at www.hanszimmerlive.com starting March 22 at 10am local time.

In a groundbreaking audio and visual show, the multiple Academy Award® and Grammy winning Zimmer, his band and the orchestra will perform a selection of the composer’s scores from some of cinema’s biggest films. The newly arranged concert suites include music from Gladiator, Pirates of the Caribbean, The Dark Knight, Interstellar, The Lion King, The Last Samurai and Dune, for which Zimmer received his second Academy Award®.

“I’m thrilled to return to perform in North America with my wonderful band and excited to share this phenomenal show,” said Zimmer. “I love this feeling of uniting my family of extraordinary musicians with you, the audience. Just an

Fubo’s North American Business Closed Q4 2023 With Record 1.618 Million Paid Subscribers, 29% Year-Over-Year Revenue Growth; Exceeded Guidance Across Key Performance Metrics

NEW YORK, March 01, 2024–(BUSINESS WIRE)–FuboTV Inc. (d/b/a/ Fubo) (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced its financial results for the fourth quarter and full year ended December 31, 2023.

The Company exceeded guidance across key financial and operating metrics in North America, posting double digit year-over-year (YoY) revenue and subscriber growth during the fourth quarter. Fubo ended the quarter with 1.618 million paid subscribers, up 12% YoY, and $402 million in total revenue, up 29% YoY. Ad revenue in the quarter also increased double digits, closing at $38.6 million, up 15% YoY. Furthermore, ad revenue grew 14% for the full year 2023, totaling $114 million, despite an overall challenged ad market in 2023. Additionally, Fubo achieved an all-time high $86.65 average revenue per user (ARPU), up 15% YoY, and 10% gross margin, representing an 888 basis points (bps) YoY improvement.

In the Rest of World (ROW), Fubo delivered $8.4 million total revenue, up 18% year-over-year, and 406,000 paid subscribers, down 3% year-over-year, during the quarter. ARPU was $6.81, up 12% YoY. ROW includes the results of Molotov, the French live TV streaming service acquired by Fubo in December 2021.

During the quarter, Fubo achieved YoY improvement in net loss of $25 million and a $19 million improvement in net cash used in operating activities. Fubo also achieved a $15 million improvement in Free Cash Flow and a $25 million improvement in Adjusted EBITDA (AEBITDA), when compared to the fourth quarter of 2022. These improvements were a result of the Company’s ongoing efforts to drive operating leverage across the business, and represent the fourth consecutive quarter of YoY improvements in these metrics.

Fubo continued to maintain a strong balance sheet and healthy liquidity position, ending the quarter with $251 million in cash, cash

Chicago crime: Thieves target North Center Fettes Love and Sieben plumbing business on Lincoln Avenue 3 times in 2 months

CHICAGO (WLS) — A plumbing and heating business on the North Side was broken into Monday morning for the third time in two months.

The crime happened in the 4300-block of North Lincoln Avenue.

“I can promise you we’re gonna get hit again,” Fettes Love and Sieben owner Scott Hoffman said. “This is just ridiculous.”

The most recent robbery happened Monday morning at around 4:15 a.m.

“We boarded that up and then this morning, they decided to go through this one,” Hoffman said. “I am at a loss. I really am.”

Twice, surveillance video shows the same white SUV pull up on the side.

Now, they’re fearful for their lives when they come here. It’s terrible

business owner Scott Hoffman

Thieves broke a window and stole hand tools, pipe threaders and other power tools. The owner said in all, over $100,000 worth of equipment has been stolen.

“They just want the tools. They’re expensive pieces of equipment,” he said. “They literally said, ‘Where are your sewer cameras? Where are your pro press guns? Where are your pipefitters?’ They knew exactly what they wanted.”

Hoffman’s business was also broken into last Wednesday at 5 a.m. and Jan. 18 at 6 a.m. He said that January incident, when two of his employees were held at gunpoint, was perhaps the most frightening.

“My two plumbers that came in early and had guns to their heads,” Hoffman said. “Dragged into the office, guns to their heads, demanding equipment, and loaded their trucks.”

In both instances, thieves broke a window and stayed inside 15 minutes before leaving with tools.

“They have young families. They’re trying to do a job. These are plumbers, and now, they’re fearful for their lives when they come here. It’s terrible,” Hoffman said.

SEE ALSO: Hammer-wielding burglars behind 5 Wicker Park,

Holcim to list North American business in the US

Company announces full capital market separation and US listing of its North American business 

HOLCIM have announced their intention to list their North American business in the US with a full capital market separation, a process that will create the leading pure-play building solutions company in the region. The newly listed business will look to drive long-term growth in the rapidly expanding North American market, unlocking value for all its stakeholders.

The transaction is intended to be executed as a spin-off, with the final structure to be communicated in the second half of this year and the US listing expected to be completed in the first half of 2025, subject to shareholder approval at an Extraordinary General Meeting in the first quarter of 2025, as well as other customary approvals.

 

With more than 850 state-of-the-art operations, the North American business is the leading player in cement and strongly positioned in aggregates and ready-mixed concrete. Building on this footprint, Holcim say the business is well positioned to capitalize on the strong construction spend and once-in-a-generation infrastructure investments across the region.

The transaction is intended to unlock value by creating two distinct and compelling investment profiles with attractive shareholder returns. Holcim post US listing of North America is expected to remain included in the Swiss Market Index, with both companies pursuing tailored strategies and capital structures to support growth and value creation. The board has tasked Holcim chairman and chief executive officer Jan Jenisch with leading the planned US listing of the North American business.

Mr Jenisch said: ‘Holcim have reached a new level of financial performance and a superior earnings profile with industry-leading margins and a strong balance sheet. The success of our North American business makes it the leading pure-play building solutions company in the region. With a US listing,

Holcim eyes $30 billion valuation with North American business listing, picks new CEO

Switzerland’s Holcim will spin off 100% of its North American operations in a New York flotation which could value the business at $30 billion, the building materials giant said on Sunday, as it also named a new chief executive.

Its shares were almost 4% higher on Monday afternoon in Europe.

Miljan Gutovic, currently head of Europe at Holcim, will replace Jan Jenisch as CEO beginning May 1, said the company, one of the world’s biggest cement makers.

In the biggest shake-up at Holcim since the Swiss company took over French rival Lafarge in 2015, the divestment will likely be completed in the first half of 2025.

“Our North American business is a real rock star. We doubled the company just in the last four years by strong organic growth, by acquisitions. And we have leading margins, the EBITDA margin is already above 27%,” Jenisch told CNBC on Monday.

“Now I’m happy we can kick off the next level of performance for the business to take it to $20 billion of sales. We want to separate it to have more focus on the North American customers, on getting all the synergies from our supply chain.”

The spin-off could value the new company at around $30 billion, Jenisch told reporters, with Holcim retaining no stake.

“We’re going to do a full capital market separation of our North American business, so we will list 100% of the business on the New York Stock Exchange,” said Jenisch, who was confident of getting shareholder backing for the flotation.

Jenisch told CNBC that Holcim’s operating model was already focused on North America, with five R&D centers in the region. The company sees “minimum implementation costs” of the spin-off, he added.

The U.S. business aims to boost annual sales from around $11 billion at present to more

Holcim intends to list its North American business in the US

Holcim announces its intent to list its North American business in the US with a full capital market separation.

This process will create the leading pure-play building solutions company in the region. The newly-listed business will be committed to driving long-term growth in the rapidly expanding North American market and unlocking value for all its stakeholders. Holcim post US listing of North America is expected to remain included in the Swiss Market Index and the leader in innovative and sustainable building solutions. The Board has tasked Jan Jenisch to lead the planned US listing of Holcim’s North America business.

Jan Jenisch, Chairman and CEO: “Holcim has reached a new level of financial performance and a superior earnings profile with industry-leading margins and a strong balance sheet. The success of our North American business makes it the leading pure-play building solutions company in the region. With a US listing, we will unleash its full potential to be the partner of choice for our customers in one of the world’s most attractive construction markets. As we fully capitalise on the region’s infrastructure and construction boom, we will accelerate growth and unlock value for our stakeholders.

“Holcim post US listing of North America will further advance its leadership in innovative and sustainable building solutions. With decarbonisation and M&A as drivers of profitable growth, the company will continue to deliver leading margins and attractive shareholder returns.

“This next step of growth and value creation is possible thanks to the outstanding leadership of our empowered teams around the world delivering record results year after year.”

US listing of North America

The listed North American business will be the leading pure-play building solutions company in the region, with an estimated EBITDA margin of more than 27% for 2023. This business has a proven track record of

What trends are driving cyber risk for North American companies?



What trends are driving cyber risk for North American companies? | Insurance Business America















Allianz Commercial head weighs in on the threat landscape

What trends are driving cyber risk for North American companies?

Generative artificial intelligence (AI), the resurgence of ransomware, an evolving regulatory environment, and a heated election year in the US are driving shifts in the cyber risk landscape for North American businesses this year.

That’s as cyber incidents remained the most significant global risk for the third year in a row, according to the 2024 Allianz Risk Barometer.

Cyber events are the top peril in 17 countries, including the US, and the second-biggest risk in Canada. Business leaders polled by Allianz were most concerned about data breaches (59%), attacks on critical infrastructure and physical assets (53%), and ransomware (53%).

“Unfortunately, I’m not surprised to see that cyber is still the highest risk on the list,” said Tresa Stephens (pictured), Allianz Commercial North America head of cyber. “It’s [no surprise] given how quickly those cyber exposures keep shifting alongside emerging developments in technology, like AI, and the regulatory landscape that must evolve to keep pace with how much we utilize technology and the new ways we use it.

“On top of that, cyber events are driven by threat actors with financial and political motives. So, in a tough economy or a challenging geopolitical or socio-political environment, you’ll see more individuals incentivized to participate in criminal activity online.”

‘Cat-and-mouse games’ – will ransomware surge continue in 2024?

The resurgence of ransomware attacks in 2023 helped stoke worries for US and Canadian organizations. Insurance claims activity linked to ransomware was up more than 50% last year compared with 2022, according to Allianz.

“Broadly speaking, I don’t think it’s likely to go away anytime soon. But we did see peaks

Holcim takes ‘rock-star’ North American business to Wall Street

Holcim Ltd. chief executive Jan Jenisch on Monday described his company’s North American operation, which the Swiss building materials firm plans to spin off next year, as a “rock-star business.”

Although he would hardly say much else about a business he wants to list in New York next year, with a potential US$30-billion valuation, he may be right, analysts and investors said.

Holcim on Sunday announced it was spinning off 100 per cent of its North American business in the biggest shakeup at the cement maker since it bought French rival Lafarge in 2015.

Its shares closed 4.7 per cent higher, making Holcim the second-best performer among European stocks on Monday.

Its biggest shareholder, Thomas Schmidheiny – a member of the company’s founding family and a former chairman – said the transaction followed “industrial logic.”

The division, which now has sales of US$11-billion, has been a star performer for Holcim in recent years, increasing its sales by an average of 20 per cent a year.

Helped by a string of big-ticket acquisitions, particularly in roofing, operating profit has also sharply increased.

The business, which also supplies cement and aggregates, now wants to increase annual sales to US$20-billion by 2030, mainly through organic growth and small acquisitions.

Doing deals in dollars will be an advantage, Mr. Jenisch said.

With 850 sites and 16,000 staff, Holcim has the scale to succeed in the vast U.S. building materials market where a constantly growing population – unlike in China, where the population is declining – will provide market opportunities, analysts said.

The company has already identified a potential market of US$175-billion for its products in North America.

Accelerated growth with U.S. President Joe Biden’s signature Infrastructure Investment and Jobs Act and Inflation Reduction Act will unleash spending to help rebuild the country’s crumbling airports,

North America Business Jet Market Size & Share Analysis – Growth Trends & Forecasts (2023

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North America Business Jet Market North America Business Jet Market C A G R By Body Type 2022 2028

North America Business Jet Market North America Business Jet Market C A G R By Body Type 2022 2028

North America Business Jet Market North America Business Jet Market C A G R By Body Type 2022 2028

Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) — The “North America Business Jet Market Size & Share Analysis – Growth Trends & Forecasts (2023 – 2028)” report has been added to ResearchAndMarkets.com’s offering.

The North America Business Jet Market size is estimated at USD 12.71 billion in 2023, and is expected to reach USD 14.41 billion by 2028, growing at a CAGR of 2.54% during the forecast period (2023-2028).

Key Highlights

  • The overall aircraft deliveries in the business jet sector were affected during the COVID-19 pandemic, and the growth between 2019 and 2021 decreased by 14%. The reduction in economic activities and travel restrictions affected the utilization and procurement of business jets in the region. However, as the pandemic restrictions loosened and aircraft production resumed in 2021, the business jets market in North America started to get agile.

  • The increasing number of high-net worth-individuals (HNWIs) and ultra-HNIs (UHNWIs) is driving the demand for large business jets. Regional air travel and the capability to access remote airports/locations are making light jets more attractive to customers, therefore driving their demand in the market. A strong economy and the procurement and usage of business jets by various sectors/individuals are leading to the growth of the business jet market in North America.

North America Business Jet Market Trends

  • The North American region accounted for around 66% of the global business jet deliveries in 2021, making it the biggest general aviation market globally.

  • Among all the jets, the light jet category accounted for the largest share of over 52% of the deliveries in 2021 in the