Latest news with #SouthernCalifornia-based
Hamilton Spectator
a day ago
- Automotive
- Hamilton Spectator
Mullen Automotive Inc. Changes Name to Bollinger Innovations, Inc. Effective Today
BREA, Calif., July 28, 2025 (GLOBE NEWSWIRE) — via IBN – Bollinger Innovations, Inc. (Nasdaq: BINI) ('Bollinger Innovations' or the 'Company'), an electric vehicle ('EV') manufacturer, today announces that the Company's previously announced name change from Mullen Automotive Inc. to Bollinger Innovations, Inc. is effective July 28, 2025. The Company's Nasdaq stock symbol change to BINI is effective as of the market open on the same date. The CUSIP number for the Company's common stock is not affected by the name or stock symbol change. The Company's name and stock symbol change has no affect on the Company's legal structure or business operations. Stockholders are not required to take any actions in connection with these changes. 'Our transition to Bollinger Innovation is complete and we now have commercial Class 1, 3 and 4 under one unified brand,' said David Michery, CEO and chairman of Bollinger Innovations, Inc. About Bollinger Innovations, Inc. Bollinger Innovations, Inc. (NASDAQ: BINI), effective July 28, 2025, and formerly, Mullen Automotive Inc. (Nasdaq: MULN), is a Southern California-based automotive company building the next generation of commercial electric vehicles ('EVs') with U.S. based vehicle manufacturing located in Tunica, Mississippi. As of January 2024, both the ONE, a Class 1 EV cargo van, and THREE, a Class 3 EV cab chassis truck, are California Air Resource Board ('CARB') and EPA certified and available for sale in the U.S. The Company's commercial dealer network consists of seven dealers, which includes Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, Eco Auto, and Randy Marion Auto Group, providing sales and service coverage in key West Coast, Midwest, Pacific Northwest, New England, and Mid-Atlantic markets. In September 2022, Bollinger Motors, of Oak Park, Michigan, became a majority-owned EV truck company of Bollinger Innovations. Bollinger Motors has passed numerous milestones including its B4, Class 4 electric truck production launch on Sept. 16, 2024, and the development of a world-class dealer network with over 50 locations across the United States for sales and service support. To learn more about the Company, visit . Forward-Looking Statements Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as 'continue,' 'will,' 'may,' 'could,' 'should,' 'expect,' 'expected,' 'plans,' 'intend,' 'anticipate,' 'believe,' 'estimate,' 'predict,' 'potential' and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Bollinger Innovations and are difficult to predict. Examples of such risks and uncertainties include but are not limited to Bollinger Innovations plan and timeframe related to changing its Company name and stock symbol. Additional examples of such risks and uncertainties include but are not limited to: (i) Bollinger Innovations ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Bollinger Innovations ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Bollinger Innovations ability to successfully expand in existing markets and enter new markets; (iv) Bollinger Innovations ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Bollinger Innovations business; (viii) changes in government licensing and regulation that may adversely affect Bollinger Innovations business; (ix) the risk that changes in consumer behavior could adversely affect Bollinger Innovations business; (x) Bollinger Innovations ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Bollinger Innovations with the Securities and Exchange Commission. Bollinger Innovations anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Bollinger Innovations assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Bollinger Innovations plans and expectations as of any subsequent date. Contact: Bollinger Innovations, Inc. +1 (714) 613-1900 Corporate Communications IBN Austin, Texas 512.354.7000 Office Editor@
Yahoo
5 days ago
- Business
- Yahoo
Sutter Health names new chief operating officer
This story was originally published on Healthcare Dive. To receive daily news and insights, subscribe to our free daily Healthcare Dive newsletter. Name: Kevin Manemann Previous title: Executive vice president and chief integration officer, City of Hope New title: Chief operating officer, Sutter Health Manemann, an executive with more than two decades of leadership experience in large health systems, will be Sutter Health's next chief operating officer, the Sacramento, California-based system announced Tuesday. He'll be filling a role that's sat vacant since March, when previous COO Mark Sevco left Sutter to become the CEO of Pittsburgh-based Alleghany Health Network. Manemann, who assumes his new role on Sept. 15, was formerly an executive at Southern California-based City of Hope, a $6 billion cancer care system. Prior to that, Manemann held several leadership roles at Providence St. Joseph Health, the third-largest nonprofit health system in the U.S. — including leading a $10 billion division overseeing Northern and Southern California. Manemann was at Providence for more than 16 years, according to his LinkedIn. Manemann's selection as COO is the latest in a string of executive appointments for Sutter. The system named a new chief financial officer in May, a new chief scientific officer and chief nurse officer in January, and a new senior vice president of population health in December. At Sutter, Manemann will work closely with the system's chief physician executive to co-lead clinical and nonclinical operations, according to the release. Manemann's specific purview includes Sutter's operating structure, service lines, ambulatory surgery centers, nursing and home care. One of his priorities will be to support Sutter's ambulatory growth plans, the release said. The system, already a powerhouse in Northern California with more than two dozen hospitals, has been steadily snapping up more of the region's care delivery market, adding roughly 1,000 doctors and advanced practice clinicians in 2024. Sutter also opened or expanded a number of care centers last year, while announcing other capital projects, including an advanced neurological and neurosurgical care complex and a comprehensive cancer center. The system is also pursuing growth through a joint venture with SCAN Health Plan to offer new Medicare Advantage products next year, and a deal with GE Healthcare to integrate artificial intelligence into its operations. Amid these initiatives, Sutter's finances have remained relatively stable compared to some of its nonprofit peers, according to ratings agencies. Still, the system hasn't been immune to pressures hitting hospitals, including rising costs of labor and medical supplies. Sutter reported $142 million in operating income in 2024, down from $320 million the year prior. Though, hefty investment income in both years hiked Sutter's profits to $1 billion and $1.2 billion in 2024 and 2023, respectively. Sutter is also dealing with other operational challenges facing providers, including contract spats with major insurers. Sutter also been hit with multimillion-dollar settlements this year to settle legal actions over alleged anticompetitive behavior, retirement plan mismanagement and fraudulent billing for anesthesia services. Recommended Reading Sutter Health taps new CFO
The Hill
5 days ago
- Business
- The Hill
In-N-Out isn't coming to these states anytime soon
(KTLA) — In-N-Out Burger's expansion into Tennessee gained new attention this week when CEO Lynsi Snyder announced on a podcast that she is moving her family from California to the Volunteer State. However, buried within the interview was a comment that will certainly disappoint fans of the fast-food giant across a wide swath of the U.S. In-N-Out isn't coming to the East Coast anytime soon. 'Florida has begged us, and we're still saying no,' Snyder, 43, told Allie Beth Stuckey, host of the faith-focused podcast Relatable. 'The [other] East Coast states—we're still saying no.' The Southern California-based chain announced its Tennessee expansion in January 2023, with a regional office in Franklin, a suburb of Nashville, slated to open next year. According to the Nashville Business Journal, the burger giant is eyeing 35 potential locations in Tennessee, which will be served by the company's distribution center in Lancaster, Texas. In-N-Out is known for using only fresh ingredients — never frozen — including ground beef, so its stores are generally located within 500 miles of its distribution centers. 'We're not putting a whole meat facility where we do all our own beef [in Tennessee]. We'll have a warehouse, but not do our own meat there,' Snyder said. She added that other states within range of the Lancaster facility could also be part of the burger chain's expansion plans — likely leaving In-N-Out fans in Oklahoma, Arkansas, Louisiana, Kansas, Mississippi, and Missouri salivating over the possibility of Double-Doubles and Animal Fries in their future. Lynsi, the granddaughter of In-N-Out founders Harry and Esther Snyder, said the company needs to approach growth with a focus on quality over quantity. 'We have to have some growth, but we also don't want to be on every corner. We don't want to be in every state, and we don't want to ever compromise our values and standards—the cornerstones that my grandparents laid down,' she said. In-N-Out currently operates over 400 stores in eight states: California, Texas, Arizona, Nevada, Utah, Colorado, Oregon and Idaho. Its first Washington state location is expected to open within the next several weeks.
Hindustan Times
22-07-2025
- Business
- Hindustan Times
Who is Chenguang Gong? China-born engineer pleads guilty to stealing US defense secrets
Chenguang Gong, a former engineer at a Southern California-based company, has pleaded guilty for stealing highly sensitive trade secret technologies related to national security, according to an official press release by the US Department of Justice. The 59-year-old, who is a dual citizen of the United States and China, allegedly stole technologies specifically designed to detect nuclear missile launches, track ballistic and hypersonic threats. Gong pleaded guilty in the Los Angeles-based federal court on Monday, July 21. Chenguang Gong pleaded guilty to one count of theft of trade secrets(Unsplash) Who is Chenguang Gong? The accused transferred over 3,600 files from his former employer to personal storage devices during his brief tenure at the Los Angeles-area research and development company last year. Gong, who pleaded guilty to one count of theft of trade secrets, remains free on $1.75 million bond. According to the official statement from the US Department of Justice, the files that Gong transferred included blueprints for advanced infrared sensors used in space-based missile warning systems and sensors designed to enable US military aircraft to detect and evade heat-seeking missiles. A few of these files were later discovered on storage devices at Gong's temporary residence in Thousand Oaks. These included documents, which have been marked as "PROPRIETARY," "EXPORT CONTROLLED," and "FOR OFFICIAL USE ONLY," the statement said. The company hired Gong as its circuit design manager in January 2023, but he was terminated on April 26, 2023. According to court filings, Gong used his work laptop to transfer thousands of files to three personal storage devices even as he accepted a job offer at one of the company's key competitors. Gong is also linked to multiple applications submitted to 'Talent Programs'. Officials in the US have stated that these were designed to recruit overseas experts to transfer technology. The People's Republic of China is believed to have established such talent programs to identify individuals who have expert skills, abilities and knowledge of advanced sciences. FAQs: 1. What happens next with Chenguang Gong? Gong is facing a maximum sentence of 10 years in jail, and the sentencing hearing is on September 29. 2. How much loss did the US face due to Chenguang Gong? As per the plea agreement, the intended economic loss from his criminal conduct is well over $3.5 million. 3. Where is Chenguang Gong now? He continues to remain free on a $1.75 million bond.
CNBC
18-07-2025
- Business
- CNBC
These stocks reporting earnings next have a history of beating expectations
As earnings season ramps up next week, a select group of stocks could exceed Wall Street's estimates and outperform again, if history is any guide. Next week is a doozy for the second-quarter earnings season, with 98 companies in the S & P 500 — about 20% of the index — scheduled to report their latest results. The week is led by such market stalwarts as Alphabet , Tesla and General Motors , but will also notable for telecom and defense stocks. Stocks can often rise if they post earnings or revenue surprises that beat analysts' expectations. With that history in mind, CNBC Pro screened Bespoke Investor Group data to find stocks that tend to top Street forecasts and then rally afterward. Specifically, the companies below have beaten earnings per share estimates at least 75% of the time and average a gain of 1.5% or more the first day after posting their latest financials. Fast-casual Mexican restaurant chain Chipotle Mexican Grill reports earnings next Wednesday . The Southern California-based company has historically topped analysts' earnings estimates 78% of the time, on average has risen 1.6% following the earnings report. Ahead of Chipotle's second-quarter earnings release, Deutsche Bank reiterated its buy rating on the $73 billion stock on Tuesday. "Sentiment on CMG has improved over the last several weeks as underlying trends accelerated exiting 2Q, and continued momentum should support upside to 2H estimates," analyst Lauren Silberman wrote in a report. "We expect 2Q fundamentals to be a trough with an improving setup from here, and together with current valuation, believe CMG offers a favorable risk/reward." Shares of Chipotle Mexican Grill have slipped about 11% this year. Deutsche Bank's $70 price target implies potential upside of about 31% for Chipotle over the next 12 months. Intuitive Surgical is another company reporting next week with a history of beating earnings expectations. The medical device maker has topped bottom-line estimates 88% of the time, with its stock averaging a 2.5% gain on days its results are released. Shares are about flat in 2025. However, they have gained nearly 7% over the past three months as investors grow optimistic about the company's Da Vinci 5 robotic surgery system. "We often get asked about what new procedures DV5 will unlock and thus grow ISRG's already massive [total addressable market]. While we do believe DV5 will bring soft tissue robotics into uncharted waters over time, we also think some investors may be overlooking ISRG's endoluminal robot (Ion) and VC (venture capital) portfolio, which we believe could also expand the company's TAM in the future," Piper Sandler analyst Adam Maeder said in a recent note.
