Stadium Developer CEO Charged with Bid-Rigging Over New Texas Arena
Timothy Leiweke told a rival that it would receive contracts to operate concessions and sell premium seats if it didn't compete against his company to build the new venue, according to the indictment. He was charged with conspiracy to eliminate competition by rigging the bid to build the Moody Center in Austin, a 15,000-seat venue on the University of Texas campus that opened in 2022 and hosts the Longhorns' men's and women's basketball teams.
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Construction of IRF and Upgrade of Ore Haulage Access Road Underway
Highlights Groundbreaking ceremony kicks of the construction of the Inland Rail Facility (IRF) and upgrade of the ore haulage access road The IRF and road are critical infrastructure projects for the transfer bauxite from the Minim Martap Mine to the Port of Douala Engineering work for rail and port infrastructure to start soon, and Canyon remains on track for start of production in early 2026 and first shipment in 1H 2026 PERTH, Australia, July 16, 2025 (GLOBE NEWSWIRE) -- Leading bauxite developer Canyon Resources Limited (ASX: CAY) ('Canyon' or the 'Company') is pleased to announce that construction of the Inland Rail Facility at Makor, Cameroon has commenced. The Inland Rail Facility is a key piece of infrastructure that will underpin the export supply chain for the flagship Minim Martap Bauxite Project ('Minim Martap' or 'the Project'). A ground breaking ceremony at the site was attended by senior government members, including community members, Canyon Executive Chairman Mr Mark Hohnen, and Canyon cornerstone investor Eagle Eye Asset Holdings Pte. Ltd. Construction of the IRF has commenced just months after the Company received approval from the Cameroon Government for the site location1, demonstrating its commitment to fast-tracking development of the Project. In addition to the above, the Company has also commenced upgrading the ore haulage access road which connects the Minim Martap Project to the IRF. Mr Mark Hohnen, Canyon Executive Chairman commented: 'Commencing construction of the IRF and upgrading the ore haulage access road were two key development milestones, as the Company continues to fast-track Minim Martap towards first production anticipated for early 2026 and delivering its maiden shipment of bauxite in 1H 2026.' 'The ore haulage access road and IRF will allow us to safely and cost effectively tranship bauxite from the mine to Port of Douala, from where we will export our product to growing global markets.' 'This is a great moment for our team and our very supportive stakeholders in Cameroon to celebrate. I'd like to thank the Canyon team for their ongoing hard work and dedication and our major shareholder Eagle Eye, who has been instrumental to our success to date. The future of Canyon is very exciting and I look forward to executing on our strategic plans and become the next major ASX-listed bauxite producer.' Canyon has secured rail access from Makor to the Port of Douala, and 65,000 m2 of land for the storage and loading of bauxite at the port. This will enable the Company to efficiently store and transport up to 6Mtpa of bauxite ore, which the Company intends to ultimately expand to 10Mtpa in line with increased production at Minim Martap. Mr Peter Secker, Canyon's Chief Executive Officer commented: 'The execution of these key project items will coincide with other infrastructure development works to underpin the Project's supply chain." 'Following the placement of the orders for critical path items including road construction and locomotives earlier this year, this is the next step in the Minim Martap development program. We are also gearing up to commence engineering and design work for other critical rail and port infrastructure. This includes rail sidings and passing bays, and port storage and loading infrastructure.' 'This an exciting time for Minim Martap and we look forward to updating investors on the development of the IRF and other milestones as we head towards production.'Ribbon cutting to launch the Minim Martap Bauxite Project Interim Minister of Mines, Industries & Technological Development Prof. Fuh Calistus Gentry, Camalco CEO Mr Rana Singh, Canyon Executive Chairman Mr Mark Hohnen, community leaders and members Technical launch of the Minim Martap Bauxite Project This announcement has been approved for release by Canyon's Board of Directors. Enquiries: Peter Secker Cameron Gilenko Chief Executive Officer Investor Relations & Media Canyon Resources Limited Sodali & Co T +61 8 6385 2263 T +61 6160 4909 E: info@ E: __________________________________1 Refer ASX Announcement 4 February 2025 'Approval of Inland Rail Facility by Government of Cameroon' Photos accompanying this announcement are available at
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Here's What to Expect From Vulcan Materials' Next Earnings Report
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2 hours ago
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NRG Energy (NRG) Dips More Than Broader Market: What You Should Know
NRG Energy (NRG) ended the recent trading session at $146.88, demonstrating a -2.77% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.4% for the day. Meanwhile, the Dow lost 0.98%, and the Nasdaq, a tech-heavy index, added 0.18%. Shares of the power company have depreciated by 1.87% over the course of the past month, underperforming the Utilities sector's loss of 0.96%, and the S&P 500's gain of 4.97%. The investment community will be paying close attention to the earnings performance of NRG Energy in its upcoming release. It is anticipated that the company will report an EPS of $1.07, marking a 27.7% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $6.31 billion, down 5.26% from the year-ago period. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.77 per share and revenue of $28.87 billion, indicating changes of +17.02% and +2.64%, respectively, compared to the previous year. Investors might also notice recent changes to analyst estimates for NRG Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 6.61% higher. NRG Energy is holding a Zacks Rank of #3 (Hold) right now. Valuation is also important, so investors should note that NRG Energy has a Forward P/E ratio of 19.45 right now. This indicates a premium in contrast to its industry's Forward P/E of 18.15. Also, we should mention that NRG has a PEG ratio of 1.2. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Utility - Electric Power industry held an average PEG ratio of 2.64. The Utility - Electric Power industry is part of the Utilities sector. At present, this industry carries a Zacks Industry Rank of 94, placing it within the top 39% of over 250 industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply to follow these and more stock-moving metrics during the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NRG Energy, Inc. (NRG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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