Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability
of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost
of accommodating, announced increases in the build
rates of certain aircraft; 6) the effect on aircraft demand and build
rates of changing customer preferences for business aircraft, including the effect
of global economic conditions on the business aircraft
market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result
of global economic uncertainty or otherwise; 8) the effect
of economic conditions in the industries and
markets in which we operate in the U.S. and globally and any
changes therein, including fluctuations in foreign currency exchange
rates; 9) the success and timely execution
of key milestones such as the receipt
of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation
of our announced acquisition
of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability
of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk
of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production
of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts
of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak
of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact
of future discount
rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition
of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect
of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect
of changes in tax law, such as the effect
of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and
changes to the interpretations
of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect
of such
changes; 21) any reduction in our credit
ratings; 22) our dependence on our suppliers, as well as the cost and availability
of raw materials and purchased components; 23) our ability to recruit and retain a critical mass
of highly - skilled employees and our relationships with the unions representing many
of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment
of interest on, and principal
of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest
rates increase substantially; 27) the effectiveness
of any interest
rate hedging programs; 28) the effectiveness
of our internal control over financial reporting; 29) the outcome or impact
of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition
of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse
changes to business relationships and other business disruptions for ourselves and Asco as a result
of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks
of doing business internationally, including fluctuations in foreign current exchange
rates, impositions
of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Iran moved this month to formally unify its official and open
market exchange
rates and banned money
changing outside
of banks, after its currency, the...
Markets do not expect a
change in interest
rates from the Federal Reserve at the conclusion
of its meeting on Wednesday, though analysts will be watching for any
change in language and indications that a June hike is likely.
But recent
market turmoil reminded the world that share prices don't always go up, as rising interest
rates, sweeping technological
change, and the possibility
of a trade war stoked anxiety on Main Street and Wall Street.
As for «peak earnings,» Michael Wilson, chief U.S. equity strategist and CIO
of Morgan Stanley Wealth Management, said in a note to clients on Sunday that» [W] e think the
market is digesting the fact that the tax cut last year has created a lower quality increase in US earnings growth that almost guarantees a peak
rate of change by 3Q.»
While a small business owner tends to get stuck in a particular
market, with a particular revenue stream and low growth
rate, an entrepreneur is continually seeking
change opportunities to break out
of flatlined growth and find new
markets, customers and employees to drive growth.
the impact
of investment (including
changes in interest
rates), economic (including inflation, recent
changes in tax law, rapid
changes in commodity prices and fluctuations in foreign currency exchange
rates) and underwriting
market conditions;
A few things stand out about this particular
rate change: first, the magnitude
of influence that just a quarter percentage - point
change had on the stock
market; second, the current
rate with an upper range
of.50 % compared to the various long - term averages
of about 5 %; and third, the
rate remains historically low, with only minute incremental
changes, despite the relatively good news we continue to read about the economy.
His money should, at least, be in a bank (money
market account) savings account or tied up in a (certificate
of deposit) ladder to take advantage
of any future
rate changes.
«When you
change your trading relationship and population movements with the world, it has to
change everything from the cost and supply
of labour, the cost
of good (exchange
rate), the availability
of market access (in and out), government finances (fiscal policy) or as we know very well monetary policy.
«In some
of our
markets the reality is that we haven't been
changing at the same
rate as customers» eating - out expectations — or more specifically, their expectations
of us at McDonald's,» he said on the call.
«The startups in the tech incubator Y Combinator, whose acceptance
rate is less than 3 percent,
change products and
markets so frequently that the idea they applied with is often irrelevant to the final product,» said Paul Graham
of Y Combinator.
Such risks, uncertainties and other factors include, without limitation: (1) the effect
of economic conditions in the industries and
markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any
changes therein, including financial
market conditions, fluctuations in commodity prices, interest
rates and foreign currency exchange
rates, levels
of end
market demand in construction and in both the commercial and defense segments
of the aerospace industry, levels
of air travel, financial condition
of commercial airlines, the impact
of weather conditions and natural disasters and the financial condition
of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization
of the anticipated benefits
of advanced technologies and new products and services; (3) the scope, nature, impact or timing
of acquisition and divestiture or restructuring activity, including the pending acquisition
of Rockwell Collins, including among other things integration
of acquired businesses into United Technologies» existing businesses and realization
of synergies and opportunities for growth and innovation; (4) future timing and levels
of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability
of credit and factors that may affect such availability, including credit
market conditions and our capital structure; (6) the timing and scope
of future repurchases
of United Technologies» common stock, which may be suspended at any time due to various factors, including
market conditions and the level
of other investing activities and uses
of cash, including in connection with the proposed acquisition
of Rockwell; (7) delays and disruption in delivery
of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits
of organizational
changes; (11) the anticipated benefits
of diversification and balance
of operations across product lines, regions and industries; (12) the outcome
of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact
of the negotiation
of collective bargaining agreements and labor disputes; (15) the effect
of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect
of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general
market conditions, global trade policies and currency exchange
rates in the near term and beyond; (16) the effect
of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act
of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability
of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition
of conditions that could adversely affect the combined company or the expected benefits
of the merger) and to satisfy the other conditions to the closing
of the pending acquisition on a timely basis or at all; (18) the occurrence
of events that may give rise to a right
of one or both
of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee
of $ 695 million to United Technologies or $ 50 million
of expense reimbursement; (19) negative effects
of the announcement or the completion
of the merger on the
market price
of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation
of their businesses while the merger agreement is in effect; (21) risks relating to the value
of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability
of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
Since then, a sputtering economy and lackluster inflation have
changed Wall Street's perception
of when the central bank's Federal Open
Market Committee will enact its first hike since taking its funds
rate to zero in late 2008.
Just a few weeks after the
market finally had come around to the Fed's way
of thinking that three quarter - point
rate hikes would be appropriate this year, the day's trading
changed sentiment.
Bell points out reducing insurance
rates won't overheat the housing
market since it doesn't
change any
of the other eligibility criteria; it would simply lower the price.
Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital
markets conditions and other factors beyond the Company's control, including natural and other disasters or climate
change affecting the operations
of the Company or its customers and suppliers; (2) the Company's credit
ratings and its cost
of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange
rates and fluctuations in those
rates; (5) the timing and
market acceptance
of new product offerings; (6) the availability and cost
of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact
of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation
of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial
market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).
The fact that U.S. home ownership
rates exceed those in Canada puts to rest any argument that these sorts
of changes will undermine the domestic housing
market.
These risks and uncertainties include: Gilead's ability to achieve its anticipated full year 2018 financial results; Gilead's ability to sustain growth in revenues for its antiviral and other programs; the risk that private and public payers may be reluctant to provide, or continue to provide, coverage or reimbursement for new products, including Vosevi, Yescarta, Epclusa, Harvoni, Genvoya, Odefsey, Descovy, Biktarvy and Vemlidy ®; austerity measures in European countries that may increase the amount
of discount required on Gilead's products; an increase in discounts, chargebacks and rebates due to ongoing contracts and future negotiations with commercial and government payers; a larger than anticipated shift in payer mix to more highly discounted payer segments and geographic regions and decreases in treatment duration; availability
of funding for state AIDS Drug Assistance Programs (ADAPs); continued fluctuations in ADAP purchases driven by federal and state grant cycles which may not mirror patient demand and may cause fluctuations in Gilead's earnings;
market share and price erosion caused by the introduction
of generic versions
of Viread and Truvada, an uncertain global macroeconomic environment; and potential amendments to the Affordable Care Act or other government action that could have the effect
of lowering prices or reducing the number
of insured patients; the possibility
of unfavorable results from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials in its currently anticipated timeframes; the levels
of inventory held by wholesalers and retailers which may cause fluctuations in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits
of the Sangamo partnership; Gilead's ability to submit new drug applications for new product candidates in the timelines currently anticipated; Gilead's ability to receive regulatory approvals in a timely manner or at all, for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages
of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development
of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to
changes in its stock price, corporate or other
market conditions; fluctuations in the foreign exchange
rate of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future revenues and pre-tax earnings; and other risks identified from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (the SEC).
These risks include, in no particular order, the following: the trends toward more high - definition, on - demand and anytime, anywhere video will not continue to develop at its current pace or will expire; the possibility that our products will not generate sales that are commensurate with our expectations or that our cost
of revenue or operating expenses may exceed our expectations; the mix
of products and services sold in various geographies and the effect it has on gross margins; delays or decreases in capital spending in the cable, satellite, telco, broadcast and media industries; customer concentration and consolidation; the impact
of general economic conditions on our sales and operations; our ability to develop new and enhanced products in a timely manner and
market acceptance
of our new or existing products; losses
of one or more key customers; risks associated with our international operations; exchange
rate fluctuations
of the currencies in which we conduct business; risks associated with our CableOS ™ and VOS ™ product solutions; dependence on
market acceptance
of various types
of broadband services, on the adoption
of new broadband technologies and on broadband industry trends; inventory management; the lack
of timely availability
of parts or raw materials necessary to produce our products; the impact
of increases in the prices
of raw materials and oil; the effect
of competition, on both revenue and gross margins; difficulties associated with rapid technological
changes in our
markets; risks associated with unpredictable sales cycles; our dependence on contract manufacturers and sole or limited source suppliers; and the effect on our business
of natural disasters.
If interest
rates rise,
market prices
of existing bonds will typically decline, despite the lack
of change in both the coupon
rate and maturity.
The
market expected that Britain would have to devalue its currency and no amount
of interest
rate hikes or currency purchasing would
change that.
The
market expected that Britain would have to devalue its currency and that no amount
of interest
rate hikes or currency purchasing would
change that.
Commentary: «Revenues were up 8.3 % for the third quarter versus the prior - year period, due primarily to higher commodity prices impacting the Company's supply chain revenues, higher same store sales in both domestic and international stores, store count growth in international
markets and the positive impact
of changes in foreign currency exchange
rates.»
The new interest
rate can be lower or higher than the weighted average
of the old loans and can be fixed (the interest
rate won't ever
change) or variable (the
rate changes based on the
market conditions).
Indeed, in a classic paper written in the early 1960s, Mundell (Mundell, 1963) showed how, in a world
of complete asset substitutability and perfect capital mobility, real interest
rates would be largely determined by international
market forces with the exchange
rate moving in response to
changes in domestic monetary policy to provide most
of the desired accommodation or tightening.
The net position — contracts to buy a foreign currency at a future date minus contracts to sell the same currency — is often watched by
market analysts, who interpret its movements as a proxy for speculators»
changing views
of the short - term direction
of exchange
rates.
It is
of great importance that the public is confident that the federal funds
rate will be, on average over time, within the target range set forth by the FOMC, and that other money
market rates will continue to move closely with
changes in the federal funds
rate.
Exchange
Rate Changes and Net Positions of Speculators in the Futures Market Research by Thomas Klitgaard and Laura Weir finds a strong and stable contemporaneous relationship between weekly changes in the net positions of futures market speculators and exchange rate movements, but that such data do not appear to be useful in anticipating such changes over the following w
Rate Changes and Net Positions of Speculators in the Futures Market Research by Thomas Klitgaard and Laura Weir finds a strong and stable contemporaneous relationship between weekly changes in the net positions of futures market speculators and exchange rate movements, but that such data do not appear to be useful in anticipating such changes over the followin
Changes and Net Positions
of Speculators in the Futures
Market Research by Thomas Klitgaard and Laura Weir finds a strong and stable contemporaneous relationship between weekly changes in the net positions of futures market speculators and exchange rate movements, but that such data do not appear to be useful in anticipating such changes over the following
Market Research by Thomas Klitgaard and Laura Weir finds a strong and stable contemporaneous relationship between weekly
changes in the net positions of futures market speculators and exchange rate movements, but that such data do not appear to be useful in anticipating such changes over the followin
changes in the net positions
of futures
market speculators and exchange rate movements, but that such data do not appear to be useful in anticipating such changes over the following
market speculators and exchange
rate movements, but that such data do not appear to be useful in anticipating such changes over the following w
rate movements, but that such data do not appear to be useful in anticipating such
changes over the followin
changes over the following week.
A number
of operational features were required to implement such an overnight reverse repo, or ON RRP, facility: It would need same - day settlement; 16 the operation would need to be run predictably, every day, and as late in the day as possible, to give lenders time to bargain with other counterparties using the outside option
of investing with the Federal Reserve; 17 an appropriate spread below IOR would be required to ensure that the facility neither induced large
changes in the structure
of money
markets nor lost the ability to support interest
rate control; 18 and the operations would need enough unused capacity that lenders could credibly propose to leave borrowers that did not offer an adequate interest
rate.19
Factors that could cause or contribute to actual results differing from our forward - looking statements include risks relating to: failure
of DBRS to
rate the Notes at the anticipated
ratings levels, which is a closing condition, or at all;
changes in the financial
markets, including
changes in credit
markets, interest
rates, securitization
markets generally and our proposed securitization in particular; the willingness
of investors to buy the Notes; adverse developments regarding OnDeck, its business or the online or broader marketplace lending industry generally, any
of which could impact what credit
ratings, if any, are issued with respect to the Notes; the extended settlement cycle for the scheduled closing on April 17, 2018, which may exacerbate the foregoing risks; and other risks, including those described in our Annual Report on Form 10 - K for the year ended December 31, 2017 and in other documents that we file with the Securities and Exchange Commission from time to time which are or will be available on the Commission's website at www.sec.gov.
In theory, you could hold an individual bond to maturity and never lose any money even though the
market value
of the bond may fluctuate based on
changing interest
rates and other factors (but you could still lose out to inflation over time).
-- > The value
of investing in relationships for the long - haul — > Investing in your health and longevity as a way to increase your lifetime earnings — > Why longer life expectancies should
change the way you think about investing — > The shockingly low
rate of personal savings and investment in the US — > My favorite part
of the interview: whether we can reasonably expect the US
markets to keep going up at their long - term average 7 % per year after inflation, or whether that was a unique period
of US expansion which won't be repeated again.
Factors that could cause actual results to differ include general business and economic conditions and the state
of the solar industry; governmental support for the deployment
of solar power; future available supplies
of high - purity silicon; demand for end - use products by consumers and inventory levels
of such products in the supply chain;
changes in demand from significant customers;
changes in demand from major
markets such as Japan, the U.S., India and China;
changes in customer order patterns;
changes in product mix; capacity utilization; level
of competition; pricing pressure and declines in average selling prices; delays in new product introduction; delays in utility - scale project approval process; delays in utility - scale project construction; delays in the completion
of project sales; continued success in technological innovations and delivery
of products with the features customers demand; shortage in supply
of materials or capacity requirements; availability
of financing; exchange
rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20 - F filed on April 27, 2017.
Changes in perceived risk can jolt
markets out
of the current high risk aversion regime and lift
rates.
Factors that could cause actual results to differ include general business and economic conditions and the state
of the solar industry; governmental support for the deployment
of solar power; future available supplies
of high - purity silicon; demand for end - use products by consumers and inventory levels
of such products in the supply chain;
changes in demand from significant customers;
changes in demand from major
markets such as Japan, the U.S., India and China;
changes in customer order patterns;
changes in product mix; capacity utilization; level
of competition; pricing pressure and declines in average selling prices; delays in new product introduction; delays in utility - scale project approval process; delays in utility - scale project construction; continued success in technological innovations and delivery
of products with the features customers demand; shortage in supply
of materials or capacity requirements; availability
of financing; exchange
rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20 - F filed on April 20, 2016.
Low interest
rates and a resilient job
market have certainly helped sustain consumer spending, and the tax
rate changes that the government introduced at the beginning
of the year may also be playing a role.
A fixed
rate will not
change throughout the term
of the loan, regardless
of what happens within the capital
markets.
If households and businesses do not have a good notion
of how the Federal Reserve will respond to
changing economic and financial
market conditions, then this would loosen the linkage between short - term
rates and financial conditions.
Factors that could cause actual results to differ include general business and economic conditions and the state
of the solar industry; governmental support for the deployment
of solar power; future available supplies
of high - purity silicon; demand for end - use products by consumers and inventory levels
of such products in the supply chain;
changes in demand from significant customers;
changes in demand from major
markets such as Japan, the U.S., India and China;
changes in customer order patterns;
changes in product mix; capacity utilization; level
of competition; pricing pressure and declines in average selling prices; delays in new product introduction; delays in utility - scale project approval process; delays in utility - scale project construction; cancelation
of utility - scale feed - in - tariff contracts in Japan; continued success in technological innovations and delivery
of products with the features customers demand; shortage in supply
of materials or capacity requirements; availability
of financing; exchange
rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20 - F filed on April 27, 2017.
All in, if Blackstone is right, regulators are relatively powerless to
change the face
of the British housing
market unless they start raising
rates.
It led to a sequence
of changes, each one begetting the next, until 13 years later virtually all controls on banks had been removed, foreign banks had been allowed to enter the
market and the exchange
rate had been floated.
The recent fast growth
of the corporate
market has been associated with a
changing pattern in the credit
ratings of issuers.
Performance
of companies in the financials sector may be adversely impacted by many factors, including, among others, government regulations, economic conditions, credit
rating downgrades,
changes in interest
rates, and decreased liquidity in credit
markets.
The following factors are making me wonder if I should sell instead:
market is still very high and inventory is even tighter than last year, but economy might
change directions this year,
rate hikes coming, I might be able to get the same cash flow from a REIT, and I have no intention
of moving back in.
While President Trump sought to allay jittery currency
markets that monetary policy had not
changed, candidate Trump supported the Federal Reserve's suppression
of interest
rates and did not want to see a rising dollar:
Ratings by S&P and Fitch apply to the credit quality
of a portfolio and are not a recommendation to buy, sell or hold securities
of a fund, are subject to
change, and do not remove
market risks associated with investments in the fund.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation
of retail customers; the Company's ability to predict, identify and interpret
changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its
market share, or add products; an impairment
of the carrying value
of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs;
changes in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives;
changes in relationships with significant customers and suppliers; execution
of the Company's international expansion strategy;
changes in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the Company; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the nations in which the Company operates; the volatility
of capital
markets; increased pension, labor and people - related expenses; volatility in the
market value
of all or a portion
of the derivatives that the Company uses; exchange
rate fluctuations; disruptions in information technology networks and systems; the Company's inability to protect intellectual property rights; impacts
of natural events in the locations in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's dividend payments on its Series A Preferred Stock; tax law
changes or interpretations; pricing actions; and other factors.
However,
markets trade on the margin and the
rate of change will be different in 2018.
Consider these risks before investing: The value
of securities in the fund's portfolio may fall or fail to rise over extended periods
of time for a variety
of reasons, including general financial
market conditions,
changing market perceptions,
changes in government intervention in the financial
markets, and factors related to a specific issuer, industry, or sector and, in the case
of bonds, perceptions about the risk
of default and expectations about
changes in monetary policy or interest
rates.