Latest news with #GEO
Yahoo
21 hours ago
- Business
- Yahoo
Onfolio launches Pace Generative to help brands appear in AI-generated answers
Onfolio (ONFO) announced the launch of Pace Generative, a dedicated Generative Engine Optimization, GEO, agency created to help brands appear in AI-generated answers – a rapidly emerging opportunity in digital discovery and trust-building. As AI assistants start to replace traditional search engines as the primary way people discover and evaluate services, GEO has emerged as a mission-critical strategy. It ensures that a brand's insights and authority are embedded in the answers delivered by AI tools – positioning businesses at the point of decision-making, not just after the fact. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on ONFO: Disclaimer & DisclosureReport an Issue Onfolio reports Q1 EPS (18c) vs (11c) last year Onfolio reports Q4 EPS 1c vs. (37c) last year 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
Business Wire
a day ago
- Business
- Business Wire
The GEO Group Announces It Has Entered Into a Purchase Agreement to Sell Company-Owned Lawton Correctional Facility in Oklahoma for $312 Million
BUSINESS WIRE)-- The GEO Group, Inc. (NYSE: GEO) ('GEO' or the 'Company') announced today that it has entered into a purchase agreement with the Oklahoma Department of Corrections for the sale of the GEO-owned Lawton Correctional Facility (the 'Facility') located in Lawton, Oklahoma for $312 million. The sale of the Facility is expected to close on July 25, 2025, subject to the satisfaction of customary closing conditions, and GEO expects to transition Facility operations to the Oklahoma Department of Corrections simultaneously on July 25, 2025. GEO expects to use the net proceeds from the sale of the Facility to pay down debt and for general corporate purposes. George C. Zoley, Executive Chairman of GEO, said, 'The sale of our Company-owned Lawton Correctional Facility is expected to be a significant deleveraging event for our Company. We believe that this important transaction is representative of the intrinsic value of our Company-owned facilities, which total more than 52,000 beds. Our Management Team and Board of Directors remain focused on the disciplined allocation of capital to enhance long-term value for our shareholders.' About The GEO Group The GEO Group, Inc. (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO's diversified services include enhanced in-custody rehabilitation and post-release support through the award-winning GEO Continuum of Care®, secure transportation, electronic monitoring, community-based programs, and correctional health and mental health care. GEO's worldwide operations include the ownership and/or delivery of support services for 98 facilities totaling approximately 77,000 beds, including idle facilities and projects under development, with a workforce of up to approximately 18,000 employees. Use of forward-looking statements This news release may contain 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the cautionary statements and risk factors contained in GEO's filings with the U.S. Securities and Exchange Commission including its Form 10-K, 10-Q and 8-K reports. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements and risk factors contained in GEO's filings with the U.S. Securities and Exchange Commission, including those referenced above. GEO disclaims any obligation to update or revise any forward-looking statements, except as required by law.
Yahoo
a day ago
- Business
- Yahoo
The GEO Group Announces It Has Entered Into a Purchase Agreement to Sell Company-Owned Lawton Correctional Facility in Oklahoma for $312 Million
BOCA RATON, Fla., June 05, 2025--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) ("GEO" or the "Company") announced today that it has entered into a purchase agreement with the Oklahoma Department of Corrections for the sale of the GEO-owned Lawton Correctional Facility (the "Facility") located in Lawton, Oklahoma for $312 million. The sale of the Facility is expected to close on July 25, 2025, subject to the satisfaction of customary closing conditions, and GEO expects to transition Facility operations to the Oklahoma Department of Corrections simultaneously on July 25, 2025. GEO expects to use the net proceeds from the sale of the Facility to pay down debt and for general corporate purposes. George C. Zoley, Executive Chairman of GEO, said, "The sale of our Company-owned Lawton Correctional Facility is expected to be a significant deleveraging event for our Company. We believe that this important transaction is representative of the intrinsic value of our Company-owned facilities, which total more than 52,000 beds. Our Management Team and Board of Directors remain focused on the disciplined allocation of capital to enhance long-term value for our shareholders." About The GEO GroupThe GEO Group, Inc. (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO's diversified services include enhanced in-custody rehabilitation and post-release support through the award-winning GEO Continuum of Care®, secure transportation, electronic monitoring, community-based programs, and correctional health and mental health care. GEO's worldwide operations include the ownership and/or delivery of support services for 98 facilities totaling approximately 77,000 beds, including idle facilities and projects under development, with a workforce of up to approximately 18,000 employees. Use of forward-looking statementsThis news release may contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the cautionary statements and risk factors contained in GEO's filings with the U.S. Securities and Exchange Commission including its Form 10-K, 10-Q and 8-K reports. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements and risk factors contained in GEO's filings with the U.S. Securities and Exchange Commission, including those referenced above. GEO disclaims any obligation to update or revise any forward-looking statements, except as required by law. View source version on Contacts Pablo E. Paez, (866) 301 4436Executive Vice President, Corporate Relations Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Fibre2Fashion
3 days ago
- Business
- Fibre2Fashion
PBoC likely to cut key rate further as policy eases, says Fitch
People's Bank of China (PBoC) is expected to make further cuts to its seven-day reverse repo (RR) rate in 2025, following a reduction from 1.5 per cent to 1.4 per cent on May 9, according to Fitch Ratings. The move aligns with the central bank's shift from a 'prudent' to a 'moderately loose' monetary stance, as announced in December 2024. The PBoC also reduced the Reserve Requirement Ratio for large banks to 9 per cent from 9.5 per cent. Fitch has updated its Global Economic Outlook (GEO) to reflect the seven-day RR as China's primary policy interest rate, replacing the Medium-Term Lending Facility (MLF) rate due to structural changes in its implementation. If MLF rate forecasts were applied mechanically, the RR rate could fall to as low as 0.5 per cent by the end of 2025, Fitch said in a press release. Despite a move towards a more price-based policy framework, the PBoC continues to use both price- and quantity-based tools. The central bank reaffirmed the role of the seven-day RR rate as its main policy rate and has created a tighter corridor for interbank rates, with overnight repo and reverse repo operations pegged 20 basis points below and 50 basis points above the RR rate, respectively. PBoC may implement further cuts to its seven-day reverse repo (RR) rate in 2025, following a reduction to 1.4 per cent in May, according to Fitch Ratings. This aligns with its shift to a 'moderately loose' monetary stance. Fitch now considers the seven-day RR as China's main policy rate. Although deep cuts are projected, easing could be constrained by recent US-China trade de-escalation. While aggressive easing is anticipated, the recent easing in US-China trade tensions may moderate the extent of future rate cuts. Fibre2Fashion News Desk (KD)
Yahoo
3 days ago
- Business
- Yahoo
Intelsat Inflight Connectivity Coming to Royal Brunei Airlines
Passengers to benefit from reliable multi-orbit connectivity MCLEAN, Va., June 03, 2025--(BUSINESS WIRE)--Intelsat, operator of the world's largest integrated satellite and terrestrial network, was selected by Royal Brunei Airlines (RB), the country's flag carrier, to provide multi-orbit inflight connectivity service to the airline's Airbus A320neo fleet, solidifying Intelsat's position as one of the top providers of broadband service among Asian-Pacific airlines. "Royal Brunei's passengers will soon benefit from reliable, multi-orbit connectivity that will provide the same fast and dependable internet access they enjoy at home no matter where or when they fly," said Mike DeMarco, Intelsat Chief Commercial Officer. "The Intelsat team is proud to have been selected by RB to deliver a product that will keep the airline on the cutting edge." RB provides scheduled services across Asia, the Middle East, Australia, and the United Kingdom. Intelsat in the fourth quarter of 2025 will start installing the new multi-orbit system on the A320s, including the new electronically steered array (ESA) antenna, which is less than seven centimeters tall and delivers unmatched reliability connecting to both Intelsat's geostationary (GEO) satellites and low-Earth Orbit (LEO) satellites. Captain Sabirin Haji Abdul Hamid, RB Chief Executive Officer said, "We're excited to bring this next generation of connectivity to our Airbus A320neo fleet, ensuring our guests stay seamlessly connected wherever their journeys take them. This technology not only sets a new standard for in-flight internet, but also reflects our commitment to innovation and delivering an exceptional experience for travelers across the region. We believe that staying connected in the air is a necessity, and we're proud to partner with Intelsat in delivering this next-level experience to our travelers across the Asia-Pacific region." About Intelsat Intelsat's global team of professionals is focused on providing seamless and secure, satellite-based communications to government, NGO and commercial customers through the company's next-generation worldwide network and managed services. Bridging the digital divide by operating one of the world's largest and most advanced satellite fleet and connectivity infrastructures, Intelsat enables people and their tools to speak over oceans, see across continents and listen through the skies to communicate, cooperate and coexist. Since its founding six decades ago, the company has been synonymous with satellite-industry "firsts" in service to its customers and the planet. Leaning on a legacy of innovation and focusing on addressing a new generation of challenges, Intelsat team members now have their sights on the "next firsts" in space as they disrupt the field and lead in the digital transformation of the industry. About Royal Brunei Airlines Established in 1974, Royal Brunei Airlines (RB) is the national carrier of Brunei Darussalam. RB operates a fleet of five Boeing 787-8 Dreamliners and seven Airbus A320NEOs. From 2018 to 2020 TripAdvisor recognised RB in the Travellers' Choice Regional Airlines (Asia) for three consecutive years. In 2019, RB received a Five-Star rating from APEX and won Four Stars at the SKYTRAX Awards. RB's commitment to safety and service was reaffirmed in 2021 with a seven-star COVID-19 safety rating from In 2021, RB also won Asia's and the World's Leading Cabin Crew titles from the World Travel Awards (WTA), honours it held through 2022. In 2024, Crescent Rating named RB the Muslim-Friendly Airline of the Year and was named the World's Leading Cabin Crew by WTA for the fifth consecutive year. RB was awarded 2025 APEX Best in Cabin Service & Food and Beverage Award in East Asia and recognised as a 2025 APEX Four-Star Major Airline. As it celebrates 50 years of connecting Brunei to the world, RB continues to deliver exceptional service, grounded in the principles of care, community, and ikhlas – sincerely from the heart. For more information, visit: Follow Us on Social Media:LinkedIn Instagram YouTube View source version on Contacts Media Contacts: Melissa Longo - +1 240-308-1881 Royal Brunei Airlines Corporate CommunicationsEmail: media@ Website:
