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Teamsters Proposal to Establish Equal Voting Rights at Swift Transportation Recommended by Leading Proxy Voting Advisors






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PHOENIX, April 24, 2015 /PRNewswire-USNewswire/ — The country’s two leading proxy voting advisors, ISS and Glass Lewis, recommend that shareholders of Swift Transportation [NYSE: SWFT] vote for a shareholder proposal sponsored by the Worldwide Brotherhood of Teamsters that calls on the firm to pursue a strategy to recapitalize the firm and change the most recent dual class stock structure along with one that ensures equal voting rights for every one of shareholders. 

Both ISS and Glass Lewis likewise recommend that Swift shareholders withhold support from the board’s four independent directors status for election, Richard H. Dozer, David Vander Ploeg, Glenn Brown, and José Cárdenas, at the company’s May 8, 2015 shareholder meeting. 

Noting that the directors, as members of the board’s governance committee, failed to act on this proposal last year despite solid majority support by Class A voting shareholders, Glass Lewis questions whether the board’s independent directors are adequately performing their duties to outside shareholders. The proposal won 79.2 percent support of Class A shares voted in 2014 or 60.8 percent of every one of publicly traded shares outstanding.

ISS recommends investors withhold support for the four independent directors who, as members of the board’s audit committee, have actually failed to protect shareholders from the potential conflicts of interest or financial risk made by the substantial pledging of stock by the company’s CEO and controlling shareholder Jerry Moyes. ISS likewise recommended shareholders withhold support from members of Swift’s audit committee in 2014 for these very same concerns.

According to disclosures in the company’s 2015 proxy statement, Moyes and his affiliates have actually pledged about 63 percent of total holdings or about 24 percent of the company’s total remarkable shares.

In an April 20 letter to Swift shareholders, Teamsters urge support for the proposal to change the dual class structure along with a one-share, one-vote system and urge investors to withhold support for 3 of the incumbent directors.

“The inability or unwillingness by the incumbent, independent board members, to rein in the pledging of stock by CEO Moyes reveals substantial deficiencies within the company’s governance structure and has actually made material risk for public shareholders,” said Ken Hall, General Secretary-Treasurer of the Teamsters Union.   “We believe the most recent dual class stock structure, which gives disproportionate voting energy and manage to a solitary holder of a minority of the remarkable shares, is the fundamental problem at Swift and should be addressed.”

Founded in 1903, the Worldwide Brotherhood of Teamsters represents 1.4 million hardworking men and women throughout the United States, Canada and Puerto Rico. Visit www.teamster.org for much more information. Follow us on Twitter @Teamsters and on Facebook at www.facebook.com/teamsters.  

Contact:
Galen Munroe, (202) 624-6911
gmunroe@teamster.org

Logo – http://photos.prnewswire.com/prnh/20100127/IBTLOGO  

SOURCE Worldwide Brotherhood of Teamsters

RELATED LINKS
http://www.teamster.org

$4.2 million ‘Boulder House’ for sale in North Scottsdale


$4.2 thousand ‘Boulder House’ when it come to sale in North Scottsdale

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Updated: Thursday, April 23 2015 9:43 AM EDT2015-04-23 13:43:55 GMT
Police claim a SkyWest Airlines flight from Chicago has actually earned an emergency situation getting in Buffalo, Brand-new York, after that a minimum of one passenger shed consciousness.Much more >
A SkyWest airlines flight to Connecticut was diverted, descended steeply after that earned an emergency situation …
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Republic Services, Inc. Reports First Quarter Results






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PHOENIX, April 23, 2015 /PRNewswire/ — Republic Services, Inc. (NYSE: RSG) today reported net income of $172.4 million, or $0.49 per diluted share, for the three months ended March 31, 2015, versus $132.5 million, or $0.37 per diluted share, for the comparable 2014 period. The prior year’s adjusted diluted earnings per share of $0.43 excluded a remediation charge of $0.06 per diluted share.

“We started the year strong and continued to execute our strategic initiatives which helped drive earnings and free cash flow growth,” said Donald W. Slager, president and chief executive officer. “Our 2015 plan assumed business conditions would certainly continue to improve, which we confirmed along with our initial quarter performance. We remain well-positioned to achieve our full year goals.”

Earnings before interest, taxes, depreciation, depletion, amortization and accretion (EBITDA) during the three months ended March 31, 2015, was $625.9 million, or 28.9 percent of revenue, compared to adjusted EBITDA of $574.8 million, or 27.7 percent of revenue, for the comparable 2014 period. EBITDA and adjusted EBITDA are described in the Reconciliation of Certain Non-GAAP Measures section of this document.

Revenue for the three months ended March 31, 2015, increased to $2,169.4 million from $2,077.2 million for the comparable 2014 period. This growth in revenue of 4.4 percent was made up of increases in standard yield of 2.1 percent, volume of 1.9 percent, and acquisitions, net of divestitures of 2.1 percent, partially offset by decreases in fuel recovery fees of 0.7 percent and recycled commodities of 1.0 percent.

Company Declares Quarterly Dividend

Republic announced today that its Board of Directors declared a regular quarterly dividend of $0.28 per share for shareholders of record on July 1, 2015. The dividend will be paid on July 15, 2015.

About Republic Services

Republic Services, Inc. (NYSE: RSG) is an industry leader in U.S. recycling and non-hazardous solid waste. Through its subsidiaries, Republic’s series companies, recycling centers, transfer stations and landfills focus on providing effective solutions to make proper waste disposal effortless for their commercial, industrial, municipal, residential and oilfield customers. We’ll handle it from here., the brand’s tagline, lets customers know they can count on Republic to provide a superior experience while fostering a sustainable Blue Planet for future generations to enjoy a cleaner, safer and healthier world.

For more information, visit the Republic Services website at RepublicServices.com. “Like” Republic on Facebook at www.facebook.com/RepublicServices and follow on Twitter @RepublicService.

 

 

SUPPLEMENTAL UNAUDITED FINANCIAL INFORMATION

AND OPERATING DATA

REPUBLIC SERVICES, INC.

CONSOLIDATED BALANCE SHEETS

 (in millions, except per share amounts)

March 31,

December 31,

2015

2014

(Unaudited)

ASSETS

Current assets:

Cash and cash equivalents

$

134.3

$

75.2

Accounts receivable, much less allowance for doubtful accounts and other of $48.2 and $38.9, respectively

930.4

930.4

Prepaid expenses and other current assets

156.6

263.4

Deferred tax assets

122.4

122.0

Total current assets

1,343.7

1,391.0

Restricted cash and marketable securities

112.7

115.6

Property and equipment, net

7,447.0

7,165.3

Goodwill

11,095.5

10,830.9

Other intangible assets, net

289.4

298.9

Other assets

305.4

292.3

Total assets

$

20,593.7

$

20,094.0

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:

Accounts payable

$

491.6

$

527.3

Notes payable and current maturities of long-term debt

10.1

10.4

Deferred revenue

314.6

306.3

Accrued landfill and environmental costs, current portion

165.3

164.3

Accrued interest

69.9

67.0

Other accrued liabilities

704.9

750.7

Total current liabilities

1,756.4

1,826.0

Long-term debt, net of current maturities

7,554.5

7,050.8

Accrued landfill and environmental costs, net of current portion

1,696.1

1,677.5

Deferred income taxes and other long-term tax liabilities

1,140.1

1,149.0

Insurance reserves, net of current portion

292.4

298.0

Other long-term liabilities

389.5

344.9

Commitments and contingencies

Stockholders’ equity:

Preferred stock, par value $0.01 per share; 50 shares authorized; none issued

Common stock, par value $0.01 per share; 750 shares authorized; 415.6 and 414.4 issued including shares held in treasury, respectively

4.2

4.1

Additional paid-in capital

6,914.4

6,876.9

Retained earnings

2,868.3

2,795.0

Treasury stock, at cost (63.8 and 61.7 shares, respectively)

(1,997.0)

(1,901.8)

Accumulated other comprehensive loss, net of tax

(27.8)

(28.9)

Total Republic Services, Inc. stockholders’ equity

7,762.1

7,745.3

Noncontrolling interests

2.6

2.5

Total stockholders’ equity

7,764.7

7,747.8

Total liabilities and stockholders’ equity

$

20,593.7

$

20,094.0

 

REPUBLIC SERVICES, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME

 (in millions, except per share data)

Three Months Ended March 31,

2015

2014

Revenue

$

2,169.4

$

2,077.2

Expenses:

Cost of operations

1,304.3

1,324.7

Depreciation, amortization and depletion

233.4

213.1

Accretion

19.7

19.5

Selling, general and administrative

239.2

213.8

Operating income

372.8

306.1

Interest expense

(88.6)

(87.0)

Interest income

0.3

0.1

Other income, net

1.0

Income before income taxes

284.5

220.2

Provision for income taxes

112.0

87.6

Net income

172.5

132.6

Net income attributable to noncontrolling interests

(0.1)

(0.1)

Net income attributable to Republic Services, Inc.

$

172.4

$

132.5

Basic earnings per share attributable to Republic Services, Inc. stockholders:

Basic earnings per share

$

0.49

$

0.37

Weighted standard common shares outstanding

353.3

359.8

Diluted earnings per share attributable to Republic Services, Inc. stockholders:

Diluted earnings per share

$

0.49

$

0.37

 Weighted standard common and common equivalent shares outstanding

354.8

361.0

Cash dividends per common share

$

0.28

$

0.26

 

REPUBLIC SERVICES, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

 (in millions)

Three Months Ended March 31,

2015

2014

Cash provided by operating activities:

Net income

$

172.5

$

132.6

Adjustments to reconcile net income to cash provided by operating activities:

Depreciation, amortization, depletion and accretion

253.1

232.6

Non-cash interest expense

11.0

11.2

Stock-based compensation

7.2

6.7

Deferred tax benefit

(11.4)

(19.2)

Provision for doubtful accounts, net of adjustments

4.9

3.4

Gain on disposition of assets, net and asset impairments

(1.4)

(1.6)

Environmental adjustments

(1.3)

36.2

Excess income tax benefit from stock option exercises and other non-cash items

(4.1)

0.4

Change in assets and liabilities, net of effects from business acquisitions and divestitures:

Accounts receivable

31.3

14.0

Prepaid expenses and other assets

12.3

(9.6)

Accounts payable

(34.0)

(22.1)

Capping, closure and post-closure expenditures

(9.3)

(8.7)

Remediation expenditures

(15.3)

(27.1)

Other liabilities

80.6

47.6

Cash provided by operating activities

496.1

396.4

Cash used in investing activities:

Purchases of property and equipment

(269.6)

(213.7)

Proceeds from sales of property and equipment

3.2

2.5

Cash used in business acquisitions, net of cash acquired

(509.4)

(6.2)

Change in restricted cash and marketable securities

2.9

8.0

Other

(0.5)

(0.7)

Cash used in investing activities

(773.4)

(210.1)

Cash used in financing activities:

Proceeds from notes payable and long-term debt

658.0

Proceeds from issuance of senior notes, net of discount

497.9

Payments of notes payable and long-term debt

(660.8)

(13.8)

Fees paid to issue senior notes and retire certain hedging relationships

(3.3)

Issuances of common stock

26.2

15.9

Excess income tax benefit from stock option exercises

3.6

0.2

Purchases of common stock for treasury

(86.1)

(132.2)

Cash dividends paid

(98.7)

(93.7)

Other

(0.4)

(0.2)

Cash provided by (used in) financing activities

336.4

(223.8)

Increase (decrease) in cash and cash equivalents

59.1

(37.5)

Cash and cash equivalents at beginning of year

75.2

213.3

Cash and cash equivalents at end of period

$

134.3

$

175.8

 

You need to read the following information in conjunction along with our audited consolidated financial statements and notes thereto appearing in our Annual Report on Form 10-K as of and for the year ended December 31, 2014. All amounts below are in millions and as a percentage of our revenue, except per share data.

REVENUE

The following table reflects our total revenue by line of business for the three months ended March 31, 2015 and 2014:

Three Months Ended March 31,

2015

2014

Collection:

   Residential

$

551.7

25.4

%

$

537.9

25.9

%

   Commercial

694.8

32.0

664.2

32.0

   Industrial

435.0

20.1

402.4

19.4

   Other

8.7

0.4

9.0

0.4

   Total collection

1,690.2

77.9

1,613.5

77.7

Transfer

250.8

237.6

Less: intercompany

(157.5)

(148.6)

   Transfer, net

93.3

4.3

89.0

4.3

Landfill

456.5

437.2

Less: intercompany

(217.6)

(209.5)

   Landfill, net

238.9

11.0

227.7

11.0

E&P waste services

23.8

1.1

9.1

0.4

Other:

Sale of recycled commodities

85.7

4.0

99.0

4.7

Other non-core

37.5

1.7

38.9

1.9

   Total other

123.2

5.7

137.9

6.6

Total revenue

$

2,169.4

100.0

%

$

2,077.2

100.0

%

 

The following table reflects changes in our revenue for the three months ended March 31, 2015 and 2014:

Three Months Ended March 31,

2015

2014

Average yield (as a percent of total revenue)

2.1

%

1.2

%

Fuel recovery fees

(0.7)

0.1

Total price

1.4

1.3

Volume

1.9

1.5

Recycled commodities

(1.0)

0.4

Total internal growth

2.3

3.2

Acquisitions / divestitures, net

2.1

0.6

Total

4.4

%

3.8

%

Core price

3.7

%

3.2

%

 

Average yield as a percentage of related-business revenue was 2.4% and 1.3% for the three months ended March 31, 2015 and 2014, respectively.  Core price as a percentage of related-business revenue was 4.1% and 3.5% for the three months ended March 31, 2015 and 2014, respectively.  We measure changes in standard yield and core price as a percentage of related-business revenue, defined as total revenue excluding recycled commodities and fuel recovery fees, to determine the effectiveness of our pricing strategies.

COST OF OPERATIONS

The following table summarizes the major components of our cost of operations for the three months ended March 31, 2015 and 2014:

Three Months Ended March 31,

2015

2014

Labor and related benefits

$

442.9

20.4

%

$

416.0

20.0

%

Transfer and disposal costs

160.4

7.4

151.3

7.3

Maintenance and repairs

198.5

9.1

182.9

8.8

Transportation and subcontract costs

117.3

5.4

114.4

5.5

Fuel

93.0

4.3

129.3

6.2

Franchise fees and taxes

102.7

4.7

96.9

4.7

Landfill operating costs

32.9

1.5

35.1

1.7

Risk management

36.7

1.7

42.9

2.1

Cost of goods sold

39.1

1.8

42.6

2.0

Other

80.8

3.8

77.2

3.7

Subtotal

1,304.3

60.1

1,288.6

62.0

Bridgeton remediation

36.1

1.8

Total cost of operations

$

1,304.3

60.1

%

$

1,324.7

63.8

%

These cost categories may Adjustment from time to time and may not be comparable to similarly titled categories used by other companies. As such, you need to take care when comparing our cost of operations by cost component to that of other companies.

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

The following table summarizes our selling, general and administrative expenses for the three months ended March 31, 2015 and 2014:

Three Months Ended March 31,

2015

2014

Salaries

$

154.2

7.1

%

$

141.8

6.8

%

Provision for doubtful accounts

4.9

0.2

3.4

0.2

Other

80.1

3.7

68.6

3.3

Total selling, general and administrative expenses

$

239.2

11.0

%

$

213.8

10.3

%

These cost categories may Adjustment from time to time and may not be comparable to similarly titled categories used by other companies. As such, you need to take care when comparing our selling, general and administrative expenses by cost component to those of other companies.

RECONCILIATION OF CERTAIN NON-GAAP MEASURES

Earnings Before Interest, Taxes, Depreciation, Depletion, Amortization and Accretion

The following table calculates earnings before interest, taxes, depreciation, depletion, amortization and accretion (EBITDA), which is not a measure determined in accordance along with U.S. generally accepted accounting principles (U.S. GAAP), for the three months ended March 31, 2015 and 2014:

Three Months Ended March 31,

2015

2014

Net income attributable to Republic Services, Inc.

$

172.4

$

132.5

Net income attributable to noncontrolling interests

0.1

0.1

Provision for income taxes

112.0

87.6

Other income, net

(1.0)

Interest income

(0.3)

(0.1)

Interest expense

88.6

87.0

Depreciation, amortization and depletion

233.4

213.1

Accretion

19.7

19.5

EBITDA

$

625.9

$

538.7

 

We believe that presenting EBITDA is useful to investors because it provides important information concerning our operating performance exclusive of certain non-cash and other costs. EBITDA demonstrates our ability to execute our financial strategy, which includes reinvesting in existing capital assets to ensure a higher level of customer service, investing in capital assets to facilitate growth in our customer base and services provided, maintaining our investment grade credit rating and minimizing debt, paying cash dividends, repurchasing our common stock, and maintaining and enhancing our market position through business optimization. This measure has actually limitations. Despite the fact that depreciation, depletion, amortization and accretion are considered operating costs in accordance along with U.S. GAAP, they represent the allocation of non-cash costs generally associated along with long-lived assets acquired or constructed in prior years. Our definition of EBITDA may not be comparable to similarly titled measures presented by other companies.

Adjusted Earnings

Reported diluted earnings per share were $0.49 for the three months ended March 31, 2015, as compared to $0.37 for the same period in 2014. During the three months ended March 31, 2014, we recorded a remediation charge that impacted our EBITDA, pre-tax income, net income attributable to Republic Services, Inc. (Net Income – Republic) and diluted earnings per share. These items primarily consist of the following:

Three Months Ended March 31, 2014

Net

Diluted

Pre-tax

Income –

Earnings

EBITDA

Income

Republic

per Share

As reported

$

538.7

$

220.2

$

132.5

$

0.37

Bridgeton remediation

36.1

36.1

21.8

0.06

As adjusted

$

574.8

$

256.3

$

154.3

$

0.43

 

We believe that presenting adjusted EBITDA, adjusted pre-tax income, adjusted net income attributable to Republic Services, Inc., and adjusted diluted earnings per share, which are not measures determined in accordance along with U.S. GAAP, provides an understanding of operational activities before the financial impact of certain items. We use these measures, and believe investors will find them helpful, in understanding the ongoing performance of our operations separate from items that have actually a disproportionate impact on our results for a particular period. We have actually incurred comparable charges and costs in prior periods, and similar types of adjustments can reasonably be expected to be recorded in future periods. In the case of the Bridgeton remediation charges, we are adjusting such amounts due to their substantial effect on our operating results. However, in the ordinary course of our business, we often incur remediation adjustments that we do not adjust from our operating results. Our definitions of adjusted EBITDA, adjusted pre-tax income, adjusted net income attributable to Republic Services Inc., and adjusted diluted earnings per share may not be comparable to similarly titled measures presented by other companies.

Adjusted Free Cash Flow

The following table calculates our adjusted free cash flow, which is not a measure determined in accordance along with U.S. GAAP, for the three months ended March 31, 2015 and 2014:

Three Months Ended March 31,

2015

2014

Cash provided by operating activities

$

496.1

$

396.4

Property and equipment received

(261.0)

(215.8)

Proceeds from sales of property and equipment

3.2

2.5

Cash paid related to negotiation and withdrawal costs – Central States Pension and Other Funds, net of tax

2.5

2.5

Adjusted free cash flow

$

240.8

$

185.6

 

We believe that presenting adjusted free cash flow provides useful information regarding our recurring cash provided by operating activities after certain payments. It additionally demonstrates our ability to execute our financial strategy and is a key metric we use to determine compensation. The presentation of adjusted free cash flow has actually material limitations. Adjusted free cash flow does not represent our cash flow available for discretionary payments because it excludes certain payments that are needed or to which we have actually committed, such as debt service requirements and dividend payments. Our definition of adjusted free cash flow may not be comparable to similarly titled measures presented by other companies.

Purchases of property and equipment as reflected on our consolidated statements of cash flows and the adjusted free cash flow presented above represent amounts paid during the period for such expenditures. A reconciliation of property and equipment reflected on our consolidated statements of cash flows to property and equipment received during the period follows for the three months ended March 31, 2015 and 2014:

Three Months Ended March 31,

2015

2014

Purchases of property and equipment per the unaudited consolidated statements of cash flows

$

269.6

$

213.7

Adjustments for property and equipment received during the prior period yet paid for in the following period, net

(8.6)

2.1

Property and equipment received during the period

$

261.0

$

215.8

 

The adjustments noted above do not affect our net Adjustment in cash and cash equivalents as reflected in our consolidated statements of cash flows.

ACCOUNTS RECEIVABLE

As of March 31, 2015 and December 31, 2014, accounts receivable were each $930.4 million, net of allowance for doubtful accounts and other of $48.2 million and $38.9 million, resulting in days sales outstanding, net of acquisitions, of 38 (or 25 net of deferred revenue), respectively.

CASH DIVIDENDS

In January 2015, we paid a cash dividend of $98.7 million to shareholders of record as of January 2, 2015. As of March 31, 2015, we recorded a quarterly dividend payable of $98.5 million to shareholders of record at the close of business on April 1 2015, which was paid on April 15, 2015. 

STOCK REPURCHASE PROGRAM

During the three months ended March 31, 2015, we repurchased 2.1 million shares of our stock for $86.1 million at a weighted standard cost per share of $41.01.  As of March 31, 2015, 0.2 million repurchased shares were pending settlement and $9.1 million were unpaid and included within other accrued liabilities.

As of March 31, 2015, we had 351.8 million shares of common stock issued and outstanding.

INFORMATION REGARDING FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking information about us that is intended to be covered by the safe harbor for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995.  Forward-looking statements are statements that are not historical facts.  Words such as “guidance,” “expect,” “will,” “may,” “anticipate,” “plan,” “estimate,” “project,” “intend,” “should,” “can,” “likely,” “could,” “outlook” and similar expressions are intended to identify forward-looking statements.  These statements include statements about our plans, strategies and prospects. Forward-looking statements are not guarantees of performance.  These statements are based upon the current beliefs and expectations of our management and are subject to risk and uncertainties that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements.  Despite the fact that we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot assure you that the expectations will prove to be correct.  Among the factors that could cause actual results to differ materially from the expectations expressed in the forward-looking statements are:

  • general economic and market conditions, including inflation and changes in commodity pricing, fuel, interest rates, labor, risk, health insurance and other variable costs that generally are not within our control, and our exposure to credit and counterparty risk;
  • whether our estimates and assumptions concerning our picked balance sheet accounts, income tax accounts, final capping, closure, post-closure and remediation costs, available airspace, and projected costs and expenses related to our landfills and property and equipment (including our estimates of the reasonable values of the assets and liabilities acquired in our acquisition of Allied Waste Industries, Inc.), and labor, fuel rates and economic and inflationary trends, turn out to be correct or appropriate;
  • competition and demand for services in the solid waste industry;
  • price increases to our customers may not be adequate to offset the impact of increased costs, including labor, third-party disposal and fuel, and may cause us to lose volume;
  • our ability to manage growth and execute our growth strategy;
  • our compliance with, and future changes in, environmental and flow control regulations and our ability to obtain approvals from regulatory agencies in connection along with operating and expanding our landfills;
  • the impact on us of our substantial indebtedness, including on our ability to obtain financing on acceptable terms to finance our operations and growth strategy and to operate within the limitations imposed by financing arrangements;
  • our ability to retain our investment grade ratings for our debt;
  • our dependence on key personnel;
  • our dependence on large, long-term collection, transfer and disposal contracts;
  • our business is capital intensive and may consume cash in excess of cash flow from operations;
  • any exposure to environmental liabilities or remediation requirements, to the extent not adequately covered by insurance, could result in substantial expenses;
  • risks associated along with undisclosed liabilities of acquired businesses;
  • risks associated along with pending and future legal proceedings, including litigation, audits or investigations brought by or before any governmental body;
  • severe weather conditions, including those brought about by climate change, which could impair our financial results by causing increased costs, loss of revenue, low operational efficiency or disruptions to our operations;
  • compliance along with existing and future legal and regulatory requirements, including limitations or bans on disposal of certain types of wastes or on the transportation of waste, which could limit our ability to conduct or grow our business, increase our costs to operate or require additional capital expenditures;
  • potential increases in our costs if we are needed to provide additional funding to any multiemployer pension plan to which we contribute or if a withdrawal event occurs along with respect to any multiemployer pension plan to which we contribute;
  • the negative impact on our operations of union organizing campaigns, job stoppages or labor shortages;
  • the negative effect that trends toward requiring recycling, waste reduction at the source and prohibiting the disposal of certain types of wastes could have actually on volumes of waste going to landfills;
  • changes by the Financial Accounting Standards Board or other accounting regulatory bodies to generally accepted accounting principles or policies;
  • a cyber security incident could negatively impact our business and our relationships along with customers; and
  • acts of war, riots or terrorism, including the continuing war on terrorism, as well as actions taken or to be taken by the United States or other governments as a result of further acts or threats of terrorism, and the impact of these acts on economic, financial and social conditions in the United States.

The risks included here are not exhaustive. Refer to “Part I, Item 1A — Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2014 for further discussion regarding our exposure to risks.  You need to be aware that any forward-looking statement made by us in this press release, speaks only as of the date on which we make it. Additionally, brand-new risk factors emerge from time to time and it is not possible for us to predict all such risk factors, or to assess the impact such risk factors might have actually on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements made in this press release.  You need to not place undue reliance on these forward-looking statements.  Except to the extent needed by applicable law or regulation, we undertake no obligation to update or publish revised forward-looking statements to reflect events or circumstances after the date of this press release, or to reflect the occurrence of unanticipated events.

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SOURCE Republic Services, Inc.

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Arizona State University and edX Reimagine First Year of College, Offer Alternative Entry Into Higher Education






WASHINGTON, April 22, 2015 /PRNewswire/ — Arizona State University and edX, two leaders in interactive online education, announce the Global Freshman Academy, a first-of-its-kind program that offers a unique entry point to an undergraduate degree.

The Global Freshman Academy will certainly offer learners anywhere worldwide the opportunity to earn freshman-level university credit after successfully completing a collection of digital immersion courses hosted on edX, designed and taught by leading scholars from ASU. By allowing students to learn, explore and finish courses prior to applying or paying for credit, the Global Freshman Academy reimagines the freshman year and reduces academic and monetary tension while opening a Brand-new path to a college degree for several students.

“At ASU, we’re committed to academic inclusion and student success, regardless of a student’s family circumstances. We will certainly not be successful unless we reach ability from all backgrounds about the world, and the international reach of the revolutionary edX platform allows us to open this program to anyone along with the drive to obtain their degree,” said ASU President Michael M. Crow. “The Global Freshman Academy will certainly empower students to prepare for college and achieve just what they might not have actually believed they could. There are several pathways to success, both academically and in life. This is now one of them.”

Since it was founded by Harvard University and the Massachusetts Institute of Technology in 2012, edX has offered Massive Open Online Courses (MOOCs) from leading global institutions, for learners about the world. This is the very first time that the power of the edX platform will certainly be harnessed to recommendations students earn credit on a global scale.

“We’re proud to welcome ASU as an edX Charter member,” said Anant Agarwal, edX CEO. “ASU has actually established itself as a Brand-new model for the American research university along with a focus on inclusion and global thinking. This partnership delivers on the founding mission of edX: the promise to transform education while increasing access to high-quality learning. As along with various other innovative technologies in the digital space, so too will certainly the Global Freshman Academy adjustment the educational opportunities that will certainly recommendations individuals transform their lives.”

The program differs from various other digital immersion undergraduate programs in the following ways:

  • Course Credit for Open Online Courses – By completing the full collection of eight Global Freshman Academy courses, students earn full college credit for freshman year; students will certainly additionally have the ability to choose taking specific courses for credit if they prefer.
  • Cost Effective – Freshman year credit earned through Global Freshman Academy is a fraction of the cost students typically pay.
  • Learning prior to Payment – Students might decide to take a course for credit at the beginning or after coursework has actually been completed – reducing financial risk while opening a pathway for exploration and preparation for qualified students that might not otherwise seek a degree.
  • Unlimited Reach – Due to the open course format, learning takes place while scaling completely – there are no limits to how several learners can easily take the courses online.
  • Innovative Admissions Option – The Global Freshman Academy’s approach is different from the traditional admissions process of various other credit-bearing courses, eliminating such barriers to entry as standardized examinations and transcripts that are section of the traditional application process.
  • Track Tape-record of triumph – This partnership brings with each other a globally recognized online educational platform founded by Harvard University and the Massachusetts Institute of Technology along with a university whose innovative online degree programs boast an 89 percent retention rate.

Crow and Agarwal will certainly officially announce the program’s launch on Thursday, April 23 at the Brand-new America annual conference in Washington, D.C. This year’s Brand-new America conference theme is “Exploring a Brand-new America: just what Drives Innovation about the Country?” and one focus is on innovation in education.

“Innovations in education are critical on moral, economic, and national security grounds,” said Anne-Marie Slaughter, president and CEO of Brand-new America.

The Global Freshman Academy will certainly offer a collection of first-year courses designed to fulfill a individual set of general education requirements. Upon completion of each Global Freshman Academy course, students that pass the final exam will certainly have actually an option to pay a small fee of no much more compared to $200 per credit hour to get hold of college credit for the course. Completion of eight courses in the series, including several called for courses and some elective, equals the requirements for a full freshman year at ASU – at concerning half the cost of the national standard for a year of in-state tuition at public universities.

The general studies focus areas will certainly include mathematical studies, humanities, arts and design, social-behavioral sciences and natural sciences. The very first course, Introduction to Solar Units Astronomy, is now open for enrollment, and starts in August 2015. It will certainly be taught by Dr. Frank Timmes, an astrophysicist that focuses on nuclear astrophysics, supernovae and cosmic chemical evolution.

Two additional courses will certainly be offered starting fall 2015, along with the remaining courses scheduled to be released within the next 24 months. Human Origins will certainly be taught by Dr. Donald Johanson, that most notably discovered the hominid skeleton known as “Lucy”. Western Civilizations: Ancient and Medieval Europe will certainly additionally be offered.

Because the collection is hosted and administered completely online, learning can easily occur anywhere, at any time of day, any day of the week. The program is perfect for ambitious students that need a much more flexible, economically viable model for their education that enables them to hold jobs, job remotely, and save money. The Global Freshman Academy will certainly additionally enable students to get hold of a jump-start on their college education while still in higher school.

“These classes and assessments are being designed, built and administered by leading scholars and faculty at ASU,” said Adrian Sannier, Chief Academic Officer for EdPlus at ASU. “These courses are made to their rigorous standards, and course faculty are committed to ensuring their students understand college-level material so that they can easily be all set to successfully finish college.”

For much more information, please visit: http://www.edx.org/gfa

About ASU 
Arizona State University is one of the nation’s leading public research universities and is ranked among the top 100 universities in the world. Known for innovation and entrepreneurism, ASU has actually pioneered the model for a Brand-new American University along with a focus on accessibility and quality education, training students to learn for a lifetime. According to its charter, ASU is “measured not by whom we exclude, yet very by whom we include and how they succeed; advancing research and discovery of public value; and assuming fundamental responsibility for the economic, social, cultural and overall health of the communities it serves.” By becoming a Charter member of edX, ASU joins such universities as the Massachusetts Institute of Technology, Harvard, Caltech, Berkeley and Georgetown in a shared commitment to excellence in teaching and learning.

About edX 
EdX is a nonprofit, open-source enterprise offering online courses from much more compared to 65 member institutions, composed of both leading global universities and colleges and a diverse group of prominent organizations from about the world. Founded by Harvard University and the Massachusetts Institute of Technology, edX is focused on transforming online and on-campus learning through groundbreaking methodologies, game-like experiences and cutting-edge research on an open-source platform. Based in Cambridge, MA, USA, edX is focused on people, not profit.

 

SOURCE edX and Arizona State University

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Commercial Real Estate Tech adopters corner property markets with Free Service






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TUCSON, Ariz., April 21, 2015 /PRNewswire/ — The Free Monthly Service, named Starter Plan, provides leasing groups and corporate end-users, full-featured, limited-access, to its breakthrough technology in real-globe problem solving in lease finance; Lease Optimizer. At its core, the Lease Optimizer empowers the end-user along with the capability to solve, structure, and optimize leases to strike financial goals. along with one financial target in mind, a corporate end-user can easily effectively modify every financial term of a lease, and have actually a solution to their financial target in seconds.

In a Nutshell – Exactly how does F9Analytics Lease Optimizer translate in to much better leasing—a lot more leasing? Let’s take the adhering to example:

1.  Your Landlord Leasing Rep meets Tenant at Bldg. A.

  • The Tenant asks just what the Landlord Terms are to lease the space.
  • The Leasing Rep quotes the Tenant the terms – that is the Landlord’s (firm plan) leasing guideline for the space.

2.   The Tenant, in this case, knows from the quote that 3 terms of the quote should adjustment – Lease Term, Tenant Improvements, and Lease Escalations.

3.   The Tenant communicates these adjustments to the Leasing Rep; however, under the most recent process the Leasing Rep has actually No timely response. It will certainly now take substantial time for Leasing Rep to verify Tenant adjustments along with Landlord to identify if lease meets or exceeds its financial goal.

With F9Analytics Lease Optimizer, these Tenant changes, this approval process, now happens in real-time. The Leasing Rep merely inputs the Landlord’s lease quote, modifies the terms requested by tenant, after that selects the desired lease variable and clicks Optimize.

Think of the possibilities; Leasing Rep is empowered to engineer an approvable deal; Tenant is given actionable data, and Landlord accelerated their leasing process (12 million times) to strike financial goals.

For further information, please visit F9analytics, the App Store, or contact (800) 851-3572 to learn a lot more regarding F9Analytics corporate services.

F9Analytics was founded to deliver superior technology centric financial solutions to the commercial actual estate industry. F9Analytics, through its direct and corporate enterprise cloud services, provides companies, property investors, and property service firms exceptional cloud technologies to simplify the complexity of property finance. Whether you are a Property Services Firm, an Institutional Investor, or a Small or Large Business that leases space, we build the intelligent tools so you can easily lease smarter.

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SOURCE F9Analytics

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