Latest news with #JohnMeyer
Associated Press
4 days ago
- Business
- Associated Press
Gateway Fiber Bringing New High-Speed Fiber Internet Service to Residents and Businesses in Fargo, ND
WRIGHT CITY, Mo.--(BUSINESS WIRE)--May 28, 2025-- High-speed internet provider Gateway Fiber is excited to announce its upcoming network expansion into Fargo, North Dakota, offering residents and businesses a fast and powerful new way to connect online. This expansion into Fargo marks the latest step in Gateway Fiber's mission to bridge the digital divide in the Upper Midwest, as it grows its service footprint from Minneapolis into eastern North Dakota. 'Having another excellent internet option available to our community is a big win for the future of our city,' said Fargo City Commissioner Dave Piepkorn. 'We are proud to work with Gateway Fiber to bring 100% fiber connectivity to our neighborhoods and businesses. This investment in our digital future will support economic growth, education, and quality of life for years to come.' Construction is set to begin in June, with Gateway Fiber teams working closely alongside city officials to ensure a smooth rollout. Residents and business owners will receive regular updates on construction timelines with neighborhood door hangers and emails and will be notified as service becomes available in their areas. Gateway Fiber's 100% fiber network delivers symmetrical multi-gig speeds, superior reliability, and scalable capacity to meet the growing connectivity demands of modern life. 'We are thrilled to bring our high-speed, 100% fiber-optic network to Fargo,' said Gateway Fiber Chief Customer Officer John Meyer, whose family has deep connections to the area. 'Our mission is to provide fast, reliable internet with straightforward pricing and industry-leading support. Fargo residents and businesses will soon enjoy the benefits of fiber technology, including enhanced remote work, online learning, streaming, and gaming—all with the bandwidth to power future innovations.' The company's commitment extends beyond speed to empowering residents, businesses, and school districts with seamless connectivity, advanced security features, and innovative tools like cloud-optimized Wi-Fi management. Gateway Fiber is building a stronger digital infrastructure that transforms lives and strengthens communities nationwide. In addition to the new Fargo network, Gateway Fiber has expanded over the last two years into the greater Minneapolis area with high-speed service to the suburbs of Blaine, Brooklyn Park, Champlin, Coon Rapids, Maple Grove, Plymouth, and Shoreview. Residents and businesses interested in Gateway Fiber services can visit to learn more, sign up, or receive construction updates. The company will hire salespeople, installation technicians, and customer support staff in the Fargo area. Are you looking for a career in fiber? Check out the Gateway Fiber career page: About Gateway Fiber Gateway Fiber is on a mission to positively impact communities through a better internet. As data requirements for residences and businesses continue to expand, Gateway is creating a leading, national fiber-to-the-home platform to serve this critical unmet need. Gateway provides faster, more reliable internet with a simple pricing model and industry-leading customer service. In February, Gateway Fiber announced a strategic merger with E-Rate leader WANRack and its residential subsidiary, KWIKOM Communications. The merger creates a more powerful, scalable organization with enhanced growth opportunities for its employees while expanding the combined organization's offerings to meet the diverse internet needs of commercial, small and medium-sized businesses (SMB), and enterprise clients. For more information, visit View source version on CONTACT: For more information, press only: David Workman PR & Communications Manager 314-265-8974 [email protected] KEYWORD: NORTH DAKOTA MISSOURI UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: NETWORKS INTERNET HARDWARE TECHNOLOGY TELECOMMUNICATIONS SOURCE: Gateway Fiber Copyright Business Wire 2025. PUB: 05/28/2025 11:55 AM/DISC: 05/28/2025 11:53 AM
Business Recorder
21-05-2025
- Business
- Business Recorder
Copper dips as tariff uncertainty counters weaker dollar
LONDON: Copper prices inched lower on Tuesday as worries about growth and demand due to US tariffs dominated sentiment, overshadowing support from a weaker dollar and stimulus efforts from top consumer China. Benchmark three-month copper on the London Metal Exchange (LME) was down 0.1% at $9,519 a metric ton in official open-outcry trading. Last week's trade truce between Beijing and Washington offered temporary relief to the market, but uncertainty looms over what will follow after the 90-day pause. Focus is also on an ongoing investigation into possible new tariffs on US copper imports, aimed at rebuilding domestic production of the metal critical to electric vehicles, military hardware and semiconductors. 'Investors are concerned at the potential volatility from the... investigation into copper,' said SP Angel analyst John Meyer. The probe has resulted in a price premium for COMEX copper futures against LME contracts, which traders have capitalised on by redirecting copper supplies from other markets to the United States. Inventories in COMEX-registered warehouses have surged 77% since the end of March. Meanwhile, the US dollar remained subdued, supporting prices. A weaker dollar makes metals more affordable to other currency holders. 'The weaker US dollar may be encouraging some small-scale restocking of commodities,' said Meyer. Elsewhere, China cut benchmark lending rates for the first time since October, and major state banks lowered deposit rates to aid the economy as trade war simmers. However, the sizes of the rate reductions were mild, reflecting a gradual approach to monetary easing. Among other metals, aluminium rose 0.4% to $2,459.5 a ton, zinc was up 0.8% at $2,697, lead gained 1.1% to $1,983, tin firmed 0.2% to $32,950 while nickel edged down 0.2% to $15,525.
Business Wire
13-05-2025
- Business
- Business Wire
Regal Rexnord Aerospace Solutions Introduces New Electro-Mechanical Actuator (EMA) Subsystem Capabilities for Aerospace and Defense
MILWAUKEE--(BUSINESS WIRE)--Regal Rexnord Aerospace Solutions, enabled by its family of leading brands -- Rexnord Aerospace, Kollmorgen, Portescap, Nook, Thomson, Delevan, and Formsprag -- is advancing the next generation of electro-mechanical actuators purpose-built for the unique requirements of aerospace and defense applications. This strategic, collaborative approach unites deep domain expertise and one of the industry's most comprehensive motion control portfolios to deliver EMA solutions designed for optimal performance, efficiency, and operational versatility. This new EMA capability is just one example of the overall Regal Rexnord strategy for delivering exceptional value to customers through advanced solutions that enhance performance and promote sustainability. Share For more than 75 years, Regal Rexnord Aerospace Solutions has supported flight-critical commercial and military applications with precision engineering and leading-edge motion control technologies. The company's expanded offering in subsystems leverages the unique strengths of its trusted portfolio, spanning high-performance motors, rotary and oscillatory bearings, dynamic seals, resolvers, magnetics, ball and lead screws, clutches, and brakes. By uniting these core technologies under a collaborative design model, Regal Rexnord Aerospace Solutions is positioned to deliver complete EMA subsystems designed and tested to the most rigorous standards for reliability in extreme environments. 'We're seeing unprecedented acceleration in the shift from hydraulic to electric aircraft design. Nowhere is this growth more apparent than in the areas of advanced air mobility and electric vertical take off and landing (eVTOL)', said John Meyer, Senior Director of Marketing at Regal Rexnord Aerospace Solutions. 'By consolidating our trusted technologies and collaborative engineering expertise, we're able to provide complete, performance-optimized EMA subsystems that accelerate time to market, simplify supply chains, and prioritize uncompromising quality and reliability.' Regal Rexnord Aerospace Solutions' new EMA capabilities can offer customers these benefits: Seamless Vertical Integration: Solutions are designed and manufactured in-house at one or more of our 12 global AS9100-certified facilities, enabling accelerated transitions from prototyping to full-scale production. Performance-Optimized Design: Access to Regal Rexnord Aerospace Solutions' comprehensive motion control building blocks streamlines engineering, enabling tailored actuator systems that are positioned to meet stringent aerospace and defense specifications. Supply Chain Simplification: EMA subsystems designed primarily with components from our Regal Rexnord Aerospace Solutions family of brands reduce the need to source and manage components from multiple suppliers, decreasing complexity and accelerating time to market. Reliability in Harsh Environments: Each system will undergo rigorous testing for compliance and durability, enabling mission-critical performance under extreme conditions of shock, vibration, and temperature. Collaborative Application Expertise: Regal Rexnord Aerospace Solutions' engineering teams engage directly with customers to solve their most complex design challenges, rapidly adapting our proven technologies for unique application requirements across commercial aerospace, defense, and emerging sectors like advanced air mobility and eVTOL. Sustainable Design: Electro-mechanical actuation offers inherent benefits over traditional hydraulic solutions, enabling the conservation of resources through low-weight design, increased reliability, and longer lifetimes. 'We are proud to play a role in accelerating innovation in aircraft design,' said Kevin Zaba, Executive Vice President and President, Automation & Motion Control Segment, Regal Rexnord. 'And we have a lot more to offer. This new EMA capability is just one example of the overall Regal Rexnord strategy for delivering exceptional value to customers through advanced solutions that enhance performance and promote sustainability. From aerospace to robotics to factory automation, we're a strategic partner helping bring today's most important innovations to life.' For more information, or to consult with an application expert, visit About Regal Rexnord At Regal Rexnord, we create a better tomorrow with sustainable solutions that power, transmit, and control motion. With more than 125 years of expertise, our technologies range from high-performance motion control systems in surgical robots and satellites, to advanced automation and precision-engineered components optimizing efficiency from factory floors to renewable energy. Our global team of over 30,000 professionals, supported by a worldwide network of design and manufacturing centers, collaborates closely with customers to deliver tailored solutions that fuel innovation across a broad range of industries including robotics, aerospace, medical, agriculture, and more. Regal Rexnord (NYSE: RRX) is headquartered in Milwaukee, Wisconsin, US.
Business Recorder
09-05-2025
- Business
- Business Recorder
Copper slips as dollar firms ahead of US-China talks
LONDON: Copper prices drifted lower on Thursday as the dollar held firm while market attention turned to US-China talks this weekend. Benchmark copper on the London Metal Exchange (LME) lost 0.3% to $9,390 a metric ton in official open-outcry trading. The US dollar index ticked up. A stronger US currency makes dollar-priced commodities more expensive for buyers with other currencies. Copper is under slight pressure from traders locking in short-term profits as well as the marginal turnaround in the US dollar, said said SP Angel analyst John Meyer, adding that he believes that 'the market is not taking big positions in this environment'. US Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet China's economic tsar He Lifeng in Switzerland this weekend. Adding to positive trade sentiment was news that the US and Britain are expected to announce a deal to reduce tariffs on certain goods. 'Specific to copper, the dichotomy remains the strength in Chinese copper demand in the here and now versus the street's bearish macro outlook,' said Alastair Munro, senior base metals strategist at broker Marex. The Yangshan copper premium, a gauge of Chinese import demand, is at $100 a ton, its highest since December 2023. Copper stocks in Shanghai Futures Exchange-monitored warehouses have recently registered massive drops while inventories in COMEX-owned warehouses were at their highest since late 2018. 'Amid US tariff expectations, all the metal is being drawn to CME, creating a tight supply situation in other parts of the world,' Munro said, adding that the Chinese situation is exacerbated by a shortage of scrap metal. Goldman Sachs raised its quarterly copper price forecast, citing de-escalation in trade tensions and resilient Chinese copper demand. LME aluminium added 0.2% to $2,388 a ton. Two people with knowledge of the matter told Reuters on Wednesday that Guinea has initiated a process to revoke Emirates Global Aluminium's mining licence in the West African nation. LME zinc eased 0.8% to $2,596 a ton, lead dipped 1.3% to $1,933, tin gained 1% to $31,965 and nickel was little changed at $15,555.
Business Recorder
30-04-2025
- Business
- Business Recorder
Copper falls over 2%, heads for worst month since November
Copper prices fell over 2% on Wednesday, heading towards their worst month since November amid weak data from top metals consumer China and lingering trade uncertainty. Benchmark copper on the London Metal Exchange (LME) fell 2.2% to $9,231 a metric ton by 1045 GMT, its lowest level since April 17. Prices fell 5% in April. The Comex copper contract was down 4.3% to $4.63 per lb, lowest since April 17. Data on Wednesday showed that China's factory activity contracted at the fastest pace in 16 months in April, keeping alive calls for further stimulus. 'Copper is currently being held back by macroeconomic uncertainty,' said SP Angel analyst John Meyer. 'While Trump tariffs threaten to create a mini-recession in the West, we feel that new stimulus in China and much of Asia will continue to keep manufacturers going and drive growth.' Weighing on financial markets was a lack of progress in de-escalating the U.S.-China trade conflict. China demand drives up copper prices ahead of national holiday Despite claims from U.S. officials that talks are ongoing, China has denied any active discussions. U.S. Treasury Secretary Scott Bessent said on Tuesday that over time, it will be evident to Beijing that Chinese tariffs are not sustainable for the world's second-largest economy. Data due to be released on Wednesday is likely to show that the U.S. economy likely stalled or even contracted in the first quarter. The dollar index edged up, making dollar-priced metals costlier for buyers using other currencies. Keeping a floor under copper prices were another huge drop in inventories in warehouses monitored by the Shanghai Futures Exchange (SHFE), which dropped 23.5% from last Friday to 89,307 tons, their lowest since January 17. Last week, they slid 32%. The reduction in stocks has been driven by diverted copper to the U.S. amid tariff threats on U.S. imports, as well as tight scrap supplies. 'The shortage of scrap into China is a major issue with a huge copper concentrate deficit causing Chinese smelters to reduce capacity,' said Meyer. Aluminium fell 1% to $2,442 a ton, zinc lost 0.5% to $2,635.5, lead eased 0.7% to $1,963.5, tin rose 0.4% to $32,015 and nickel rose 0.3% at $15,595. All the metals were headed for monthly declines.
